UPS Inc. (NYSE:UPS) announced Sunday it plans to sell its truckload brokerage business Coyote Logistics to the technology-enabled brokerage RXO (NYSE:RXO) for $1.025 billion. According to the company, Chicago-based Coyote Logistics manages around 10,000 loads per day with a network of over 10,000 carriers. “As UPS positions itself to become the premium small package provider…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Foreign direct investment in Mexico $39B so far in 2024; BNSF announces intermodal logistics hub near Phoenix; Trailer manufacturer launches production facility in Eagle Pass, Texas; and Doosan Bobcat begins construction of $300M plant in Mexico….
Chart of the Week: Inbound Ocean TEUs Index – USA SONAR: VOTRI.URSE, VOTRI.URNE, VOTRI.URSW, VOTRI.URWT, VOTRI.URMW Southeastern dry van regional rejection rates — the rate at which truckload carriers turn down loads from contracted shippers — have surged past all other regions this summer, hitting their highest level since July 2022. This breaks a trend of nearly…
Oleanvine Pickering-Mayard, former director of the British Virgin Islands Port Authority, was sentenced to nine years in prison on Thursday for her participation in a scheme to deliver cocaine through the British Virgin Islands to the U.S. According to a report from The St. Thomas Source, Pickering-Maynard, 62, agreed to a plea deal and was…
WASHINGTON — CDL skills-testing delays resulting from the COVID-19 pandemic may not have been as extensive as previously assumed, based on new data released by federal regulators. A congressionally mandated survey report compiled by the Federal Motor Carrier Safety Administration for calendar years 2017 through 2020 and made public Thursday, found that the pandemic “did…