A New Jersey-based trucking company, cited numerous times for safety violations for both its drivers and equipment, recently filed for Chapter 11. Fastline Cargo, doing business as FLC, of Cinnaminson, filed its petition on Monday in the U.S. Bankruptcy Court for the District of New Jersey. In the petition, FLC, which seeks to reorganize, lists…
The Air France- KLM Group will redeploy Boeing 747-400 freighter aircraft from Latin America to support the September launch of service between Amsterdam and Hong Kong in response to high shipping demand from e-commerce retailers. The new service is scheduled to begin on Sept. 19 and be operated by subsidiary Martinair Cargo with a stopover…
FedEx is rolling out a new paint scheme for its freighter aircraft to reflect the combination underway of the Express and Ground networks, a strategic effort designed to increase efficiency and cut costs by reducing overlapping infrastructure. The parcel delivery giant this year began covering cargo jets with new graphics to represent the unified brand…
Management from Landstar System said Tuesday that truckload rates appear to have stabilized and may be recovering. It reported weaker-than-normal volumes for July but said increases in revenue per load are outpacing typical seasonal patterns. The Jacksonville, Florida-based freight broker said it normally sees a 4% decline in loads per workday from June to July…
Werner Enterprises CEO Derek Leather several times used the term “inflection point” to describe the current freight market on Tuesday’s conference call with analysts after the company reported another in a long series of weak truckload company earnings. But Leathers made it clear that the freight market is not at the inflection point yet. There…