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The post FreightWaves Infographics: Texas waterway receives $357M loan to improve shipping channel appeared first on FreightWaves.
CSX unveiled its first hydrogen-powered locomotive on Tuesday following a partnership with CPKC designed to foster innovation and a clean environment. According to a press release from CSX, the hydrogen locomotive was converted from an existing diesel locomotive using a conversion kit developed by CPKC. This allowed the locomotive’s frame, cab, trucks and additional parts…
Logistics real estate investment trust Prologis said fewer development starts, a shrinking construction pipeline and “subdued” but “improving” demand will keep industry vacancies from stepping materially higher. Prologis (NYSE: PLD) reported core funds from operations (FFO) of $1.34 per share on Wednesday, which was 1 cent better than the consensus estimate but 49 cents lower…
Ryder System’s fourth quarter saw the continued rise of its Supply Chain Solutions (SCS) segment as a growing contributor to revenue and profitability, with used vehicle sales hurting the performance of its signature Fleet Management Solutions (FMS) vehicle leasing division. In prepared remarks released with the earnings, CEO Robert Sanchez, who has been leading the…
Chart of the Week: National Truckload Index Linehaul Only, Outbound Tender Volume Index – USA SONAR: NTIL.USA, OTVI.USA Truckload spot rates excluding estimated fuel costs are up ~13% since early May with truckload tender volumes up 7% since the start of the year, though still a shadow of what they were in 2021. Is the freight market finally…
The trans-Atlantic westbound trade has been a star performer for container lines over the past year, a bright spot amid a global slide. Europe-to-U.S. rates have been an outlier, staying far higher than those in the trans-Pacific trade and — until recently — far exceeding pre-COVID levels. That premium is still there, but it’s shrinking…
On Episode 711 of WHAT THE TRUCK?!?, Dooner is talking to Offshift’s Dr. Mark Manera about driver health. Do truckers have a ticking time bomb in their chest? We’ll find out how America’s road warriors can set their GPS toward better health. FreightWaves’ Thomas Wasson looks at market health. A slew of bankruptcies, layoffs and…