A federal bankruptcy judge in Delaware admitted Monday to making a mistake in a September opinion regarding the treatment of roughly $6.5 billion in withdrawal liability claims against Yellow Corp. The prior ruling sent the defunct less-than-truckload carrier’s stock spiraling last month as shareholders came to grips with the notion that pension claims would likely…
On a day which signaled that war-driven price increases for now at least are going to disappear from oil markets, the benchmark diesel price used for most fuel surcharges rose. The weekly average retail diesel price published by the Department of Energy/Energy Information Administration rose 2 cents a gallon to $3.573. The increase came after…
Significant closures caused by flooding from Hurricane Helene remain on interstates 26 and 40 on both sides of the North Carolina/Tennessee border, putting the onus on routing software that steers truckers clear of roadways that aren’t available to them. While there are still hundreds of other road closures in both states, from U.S. highways down…
Ports in Houston and Corpus Christi, Texas, posted modest gains in freight movements during September, while the Port of New Orleans saw mixed results in container and breakbulk shipments. Port Houston’s monthly container flows up slightly in September Port Houston handled 329,462 twenty-foot equivalent units in September, a 1% increase from the same period in…
Fresh off a one-day strike Sunday, unionized dockworkers at the Port of Montreal voted to hold another strike this week. The partial, unlimited strike by 1,200 longshore employees against two Tremont terminals is slated to begin at 11 a.m. local time Thursday, according to published reports. Earlier this month the Tremont facilities were hit by…