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The post Daily Infographic: EIA expects lower crude oil prices for the second half of 2023 and for 2024 appeared first on FreightWaves.
The post Daily Infographic: EIA expects lower crude oil prices for the second half of 2023 and for 2024 appeared first on FreightWaves.
With three new service centers opening in the past year and three more on the way, it may seem that LTL carrier A. Duie Pyle (ADP) is on the verge of a massive expansion beyond its largely Northeastern footprint. Not so, according to John Luciani, chief operating officer for the company’s LTL operations, which are…
Old Dominion Freight Line said it is seeing promising signs around demand but that it isn’t yet ready to call a cycle upturn. However, its operating ratio guidance for the second quarter was weaker than the historical trend, which may be the reason shares of less-than-truckload carriers sold off on Wednesday. Old Dominion (NASDAQ: ODFL)…
An Illinois trucking company with 183 trucks and 171 drivers recently filed for Chapter 11 bankruptcy protection. Founded in June 2010, Nationwide Cargo Inc. of East Dundee, Illinois, hauls general freight, fresh produce and meat, according to the Federal Motor Carrier Safety Administration’s SAFER website. The petition, filed in the U.S. District Court for the…
Norfolk Southern and the heads of 12 unions have pledged to work together to improve safety, sending a letter to all craft and management employees describing the renewed partnership. The letter, signed by NS President and CEO Alan Shaw and the presidents of the 12 unions, comes as NS (NYSE: NSC) and other Class I…
WASHINGTON — A federal watchdog has found that too many Mexican-based trucking companies moving long-haul freight into and out of the U.S. are receiving lax oversight from the Federal Motor Carrier Safety Administration. The finding, in a report released Friday by the U.S. Department of Transportation inspector general’s (IG) office, is based on FMCSA’s compliance…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas-based customs broker expands cross-border footprint; Pennsylvania-based mushroom grower expands production into Mexico; Impilo expands distribution network with Phoenix warehouse; and TT Electronics opens factory along US-Mexico border. Texas-based customs broker expands cross-border footprint In 1991,…