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The post Daily Infographic: Ohio sues Norfolk Southern over February train derailment appeared first on FreightWaves.
The post Daily Infographic: Ohio sues Norfolk Southern over February train derailment appeared first on FreightWaves.
The multiyear decline in the financial fortunes of U.S. Xpress are coming to an end with the announcement Tuesday that the truckload carrier is being bought by Knight-Swift at a significant premium to the company’s Monday closing stock price. In one of the largest truckload carrier sales in history, Knight-Swift (NYSE: KNX) said it is…
A merger dispute between Forward Air and Omni Logistics will finally be heard in a courtroom on Friday. The Delaware Court of Chancery will be tasked with determining if Omni breached the deal agreement by failing to meet certain pre-closing conditions and if it misrepresented financial projections as Forward has alleged. Omni filed suit against…
Seattle-based startup Flexe has laid off 99 workers, about 38% of its workforce, according to a filing in Washington state. Officials for the on-demand logistics and warehousing firm said the layoffs were due to “ongoing market volatility in the logistics industry driven by continued macroeconomic uncertainty. While we have a very strong cash position, it…
This fireside chat recap is from FreightWaves’ Enterprise Fleet Summit on Wednesday. FIRESIDE CHAT TOPIC: Unleashing the power of fitness in the trucking industry. DETAILS: Dr. Mark Manera launched Supply Chain Fitness after years of working with professional drivers in a physical therapy clinic. He explains the ways drivers can improve their over-the-road lifestyles. KEY…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: $18B LNG export terminal project moves forward at Texas seaport; DHL investing $560M to expand supply chains in Mexico, South America; German manufacturer announces 1st facility in Mexico; and CBP seizes nearly $4 million in meth…
Canadian airline WestJet on Thursday flew a dedicated freighter in commercial service for the first time, culminating a longer-than-expected journey building a cargo airline within a 27-year-old passenger organization. Representatives from the new cargo division and other stakeholders gathered at the company’s Toronto airport hangar to welcome the inaugural flight from Calgary and the first…