To view more FreightWaves infographics, click here
The post Energy trade between Mexico and the United States reached a record $81.9 billion in 2022 appeared first on FreightWaves.
The post Energy trade between Mexico and the United States reached a record $81.9 billion in 2022 appeared first on FreightWaves.
Broker Landstar System is still pointing to “midyear” as the likely inflection point to the prolonged freight recession. Management from the company said most cycles last between six and eight quarters, noting that the fourth quarter was the sixth straight of revenue declines. Landstar (NASDAQ: LSTR) reported fourth-quarter earnings per share of $1.62 Wednesday after…
Fastfrate Group and CPKC railway announced Tuesday the renewal and expansion of their agreement that provides intermodal and drayage services across Canada, the U.S. and Mexico. The five-year agreement aims to improve and speed up North America’s supply chain, while tapping into growing cross-border trade among the three countries, especially the automotive industry, Fastfrate officials…
Forward Air has named former Ceva Logistics unit head Shawn Stewart as its new CEO effective this coming Sunday. The announcement follows the ouster of former leader Thomas Schmitt, which orchestrated a controversial merger with Omni Logistics that finally closed in January after months of litigation. Stewart brings nearly 30 years of leadership experience in…
FONTANA, Calif. — On a Velocity Truck Centers lot choked with Freightliner trucks being prepped for delivery or awaiting service, the coming electric truck transition has a nascent presence. But that evolves almost weekly. “This is probably the only place in the country where you’ll see five Freightliner eCascadias lined up in a row,” said…
Western U.S. railroad BNSF and eastern U.S. rail carrier CSX are involved in or at least being affected by industrial development programs on their networks, according to recent announcements. In Arizona, commercial real estate developer Cushman & Wakefield worked with real estate investment firm Westcore on a $73.3 million acquisition financing deal involving Hatcher Industrial….
Cargo airline Amerijet will have doubled the size of its fleet to 25 aircraft within a span of two years when it soon takes delivery of two Boeing 767-300 converted freighters, a noteworthy achievement for a midtier regional carrier. Miami-based Amerijet is leasing the cargo jets from Air Transport Services Group (NASDAQ: ATSG), a provider…