Illinois-based Patriot Transport and its sister company, Expeditor Systems, recently filed for Chapter 11 bankruptcy protection. Igor Terletsky is listed as president of both Patriot Transport Inc. of Carol Stream and Expeditor Systems of Burr Ridge in the Chapter 11 petitions filed separately in the U.S. District Court for the Northern District of Illinois. No…
The ports of Los Angeles and Long Beach have been awarded a total of $112 million in federal money from the U.S. Army Corps of Engineers. Local and state leaders touted it as a milestone toward equitable funding. The money, which comes from the Harbor Maintenance Tax, will finance maintenance and repair projects at the…
Global container terminal operator DP World is launching an intermodal service to transport finished vehicles by rail from Mexico to the United States and Canada. The company said it will implement an industry-first solution based on using 53-foot intermodal containers with racking systems to transport finished vehicles by rail beginning June 1. DP World’s “cars…
Harbinger, a startup building medium-duty electric commercial vehicle chassis, announced Tuesday 4,000 vehicle pre-orders valued at more than $400 million. Among companies ordering electric vehicle chassis from Harbinger is Bimbo Bakeries USA, the U.S. business unit of Grupo Bimbo, the world’s largest baking company. Harbinger also received an order from Thor Industries, one of the…
Maersk continues to move ahead with plans to grow its air cargo business in 2024 even as many competitors pull back in the wake of a painful downturn, culminating with a milestone next quarter when Boeing expects to deliver the first two 777s for the airline operation. The developments underscore the strategic shift in recent…