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Maritime and logistics services company Crowley has teamed up with Canadian railway CN to provide integrated rail and ocean service between Mexico and the U.S. Midwest and Canada. The service includes Crowley’s new ocean route between the Port of Mobile in Alabama, which is serviced by CN (NYSE: CNI), and Tuxpan on the Gulf Coast…
This week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 30 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…
Nippon Express, the seventh-largest third-party logistics provider in the world by gross revenue, has agreed to acquire Austrian logistics company Cargo-Partner for up to $1.5 billion, advancing its strategy to become a global mega-freight forwarder. The deal announced Friday significantly strengthens Nippon Express Group’s network in Europe, especially the growing manufacturing regions in central and…
Cash-strapped Nikola Corp. is selling its stake in a European joint venture with Iveco Group for $35 million and 20.6 million shares of Nikola stock. It will prioritize hydrogen and fuel cell trucks in North America and phase out battery-electric models except for special orders. The end of the joint venture, formed in 2019 when…
After more than 51 years as a public servant, Craig M. Keats, general counsel for the Surface Transportation Board, officially retired on Jan. 1. Keats’ career began in 1972 as an attorney for the Interstate Commerce Commission, which was the predecessor of the STB. He joined the Office of General Counsel in 1980, saw through…
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