This story originally aired on Trains.com. Former Kansas City Southern CEO Patrick Ottensmeyer — who led the cross-border railroad through turmoil over free trade, the transition to a Precision Scheduled Railroad operating model, and its historic merger with Canadian Pacific — died over the weekend. He was in his mid-60s. Ottensmeyer, a native of Vincennes,…
This week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 35 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…
With revenue at TFI International ever more dependent upon its activities in the less-than-truckload sector, it is no surprise that was CEO Alain Bedard’s main focus for much of the company’s earnings call with analysts. The call was entirely Bedard; no other TFI (NYSE: TFII) executives joined in, unusual in any industry. TFI’s U.S. LTL…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Werner marks 25 years of operations in Mexico; Diehl Aviation investing $49 million to build factory in Mexico; TCA adds Olympic Transport as first Mexican carrier member; and South Texas getting new cold storage warehouse near…
Chart of the Week: National Truckload Index (less estimated fuel cost above $1.20/gal), Van Contract Base Rate per Mile Initial Report – USA SONAR: NTIL12.USA, VCRPM1.USA The average long-term (contract) rate for dry van truckloads (yellow) has dropped about 3%-5% since July 2023, according to FreightWaves invoice data. The more short-term focused-spot rate (white) is moving in the…