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The post Daily Infographic: EU’s ban on diesel fuel from Russia shifts trade patterns appeared first on FreightWaves.
The post Daily Infographic: EU’s ban on diesel fuel from Russia shifts trade patterns appeared first on FreightWaves.
BNSF’s net income for the second quarter of 2023 fell 24% year over year (y/y) from $1.66 billion to $1.26 billion. Parent company Berkshire Hathaway attributed the second-quarter earnings decline primarily to lower overall freight volumes and higher nonfuel operating costs, which were partially offset by lower fuel costs. Total revenues for the western U.S….
ABF Freight announced Wednesday after the market closed that it has reached a tentative labor deal with the International Brotherhood of Teamsters. A filing with the Securities and Exchange Commission said the two parties have agreed to terms on their national and supplemental labor contracts. The deal will need to be ratified by employees. A…
Both the California Trucking Association and the Owner-Operator Independent Drivers Association have filed amended complaints in the ongoing lawsuit regarding California’s AB5 independent contractor law, and as expected, the changes have a common target: Lorena Gonzalez. Gonzalez, a former state assemblywoman, is the author of AB5, which tightly restricts whether a worker can be defined…
The Next Generation in Trucking Association is using a recently awarded grant to expand a driver training program for high schoolers beyond its California roots. Co-founder and President Lindsey Trent said Next Generation in Trucking earlier this month was awarded a $127,000 grant from Knorr-Bremse Global Care North America. The foundation is operated by Germany’s…
The Federal Railroad Administration has issued a safety advisory that calls on freight railroads to look closely at how they configure freight trains, saying that train configuration or makeup might have been a cause or contributing factor in at least six derailments within the past two years. Freight railroads take into account factors such as…
Expeditors International had a first quarter that one might have expected in air and ocean freight markets that have been dropping hard. The Seattle-headquartered global logistics company did manage to post in the first quarter a revenue decline of 44%, which sounds like a lot but is not as much as the 51% decline in…