The truckload industry’s downturn is “closer to the end than the beginning,” Derek Leathers, Werner Enterprises’ chairman and CEO, told investors Tuesday at the Wells Fargo Industrials Conference in Chicago. He’s encouraged that spot rates held the uptick from May’s International Roadcheck, when some operators parked equipment to avoid safety checks by law enforcement, but…
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Life on America’s highways can be lonely, stressful and tedious for truck drivers ferrying the nation’s goods from one city to the next. Some drivers have turned to furry companions to boost their mood and quality of life on the road. Drivers who spoke with FreightWaves said having their pets in the passenger seat keeps…
Just four months after it downgraded Forward Air’s debt rating, S&P Global Ratings has done it again. Two downgrades in four months is viewed as unusually rapid and reflects not only the weak freight market but burdens unique to the less-than-truckload carrier. Forward was cut to B+ by S&P Global in February. The latest move…
The Port of New Orleans got a boost from the Louisiana State Legislature, which committed $230.5 million to the Louisiana International Terminal (LIT) and other infrastructure projects. The $1.8 billion LIT aims to position New Orleans as one of the top international container gateways in the Gulf of Mexico, officials said. “The legislature’s backing of…