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The post FreightWaves Infographics: DOT awards $1.8B for freight projects, other transportation work appeared first on FreightWaves.
A 92-year-old trucking company, Arnold Transportation Services of Grand Prairie, Texas, ceased operations recently and filed for Chapter 7 bankruptcy liquidation. Three affiliated companies — Parker Global Enterprises, Parker Transport Co. and DVP Holding Corp. — also filed for Chapter 7 liquidation in the U.S. Bankruptcy Court for the District of Delaware. In February 2022,…
This story originally appeared on FLYING.com. National Guard units from all over the U.S. are heading to North Carolina to assist victims of Tropical Storm Helene. The North Carolina National Guard said it had deployed more than 200 vehicles and aircraft, “including hoist and emergency aviation assets,” along with more than 500 soldiers and airmen…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to FreightWaves’ Joe Antoshak about jobs data released Friday that shows some bizarre resiliency in transportation employment. In a market with an overabundance of capacity, why does employment continue to grow? Fuelman’s Keagan Russo and Ashlie Summer share strategies for getting the most mileage out…
The Supervisory Board of Daimler Truck AG has named Eva Scherer as its new chief financial officer and a member of the board of management following the death of former CFO Jochen Goetz from a reaction to a wasp sting in August. Scherer was an executive vice president and global head of investor relations for…
Any company with publicly traded debt views its rating from agencies such as Standard & Poor’s as of paramount importance. And last week, 3PL RXO received a thumbs-up from Standard & Poor’s Global Ratings (NYSE: SPGI) on the steps it has taken to fund its acquisition of Coyote Logistics. But it didn’t come with a…
BNSF Railway, one of the largest freight railroads in the U.S., has reportedly furloughed hundreds of employees in Kansas, Montana, Nebraska and Texas. The furloughs were announced Tuesday, with 362 workers reportedly losing their jobs, according to the Transportation Trades Department (TTD) with the AFL-CIO, the union representing the workers. “BNSF Railway callously announced it…