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Monthly freight data compiled by Cass Information Systems showed year-over-year declines in shipments and expenditures narrowed in July. The shipments component of the Cass Freight Index was down just 1.1% y/y during the month, the smallest y/y decline in 17 months, and supports the view that the worst of this cycle has passed. The subindex…
Norfolk Southern has secured sick leave agreements with two more unions, bringing the total number of unions with such deals with NS up to eight. The latest agreements are with the International Association of Machinists and Aerospace Workers, or IAM, and the Brotherhood of Railway Carmen, or BRC, NS (NYSE: NSC) said Tuesday. The agreement…
As the trucking industry evolves, so do the problems that drivers and carriers face. In such a fast-moving environment, it would be challenging for one company to provide solutions to the full breadth of issues that pop up. It is a challenge that Tenstreet has chosen to take on. The team at Tenstreet prides themselves…
Just when it looked like the airfreight market’s steady yearlong deflation had finally paused, it may have sprung a new leak. Logistics professionals and freight analysts are hard-pressed to say whether freight patterns have normalized or will improve later this year, because there are so many conflicting economic signals and other variables impacting supply and…
Mexico-based transporter Traxion has acquired Las Vegas-based BBA Logistics for $10 million. Traxion officials said the acquisition is part of a plan to offer door-to-door cargo brokerage services in the U.S. as freight volumes from Mexico to the United States continue to rise because of nearshoring of manufacturing plants to the country. “With this acquisition,…
Although some of the metrics at TriumphPay weakened in the second quarter, the trucking-focused Triumph Financial said that segment — which management sees as the key to its future — continued to move toward EBITDA profitability. The management at Triumph Financial (NASDAQ: TFIN), which operates the TriumphPay payments and audit network as well as its…