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The post Daily Infographic: What would happen if trucks stopped hauling freight? appeared first on FreightWaves.
The post Daily Infographic: What would happen if trucks stopped hauling freight? appeared first on FreightWaves.
Logistics real estate operator Prologis reported fourth-quarter results that were in line with analysts’ expectations. The company’s first take at full-year 2024 guidance was also as expected. The San Francisco-based company reported core funds from operations (FFO) of $1.26, which was 2 cents higher year over year (y/y). Rental revenue of $1.76 billion was up…
The union representing some 5,800 pilots at FedEx Express has asked the National Mediation Board to be officially released from mediation for the purpose of being able to go on strike against the company to achieve a new contract. Air Line Pilots Association (ALPA) announced Friday that it asked the federal agency to declare an…
Canadian railway CN has reached tentative agreements with two labor groups affiliated with Unifor, a union representing mechanical, intermodal, facility management and clerical workers that are part of CN’s Canadian operations. CN’s tentative collective agreements with Local 100 members and Council 4000 members affect approximately 3,000 employees and avert a rail strike. Members of two…
Universal Logistics Holdings posted second-quarter revenue decreases in its trucking, brokerage and intermodal segments due to declines in freight volumes and rates, company officials said. Operating revenue in Universal Logistics’ trucking division decreased 24% year over year (y/y) to $81.2 million, compared to $106.5 million for the same period last year. Total revenue in the…
The transportation industry is a critical part of the U.S. economy and as such, organizations large and small within the industry could be appealing targets to cybercriminals. In recent years, as the industry has undergone a digital transformation, the number of vulnerabilities that bad actors can exploit has only grown. “The more you digitize, the…
The 747 jumbo jet era is over at Qatar Airways. The company’s cargo subsidiary announced that its lone remaining Boeing 747-8 freighter finished its last flight on Friday, arriving at its base in Doha from Barcelona, Spain. Qatar Airways Cargo acquired two 747-8s in 2017 and recently agreed to sell them to UPS. The airline…