It’s uncertain whether it will change any minds this late in the game, but the outgoing head of the Surface Transportation Board has made it clear he supports keeping Norfolk Southern’s existing management in place. In a speech at the North American Rail Shippers Association’s annual meeting, STB Chairman Martin Oberman said he wasn’t trying…
Motor carriers have three major vehicle-based expenses: vehicles and maintenance, fuel and insurance. A carrier cannot run without covering all three. Unfortunately, freight rates haven’t risen at the same rate as costs. Insurance rates have increased by over 50% in the past decade. According to the American Transportation Research Institute’s Operational Cost of Trucking report,…
C.H. Robinson on Tuesday provided details on a technological milestone it touched on during its first-quarter earnings call last week. The 3PL said it now processes 2,000 customer quote requests daily via email for 2,268 customers using a sophisticated large-language model. This AI technology, trained extensively on vast data sets, enables the company to efficiently…
Mexico was the United States’ top trading partner in March, with two-way trade totaling $68.5 billion, according to the latest data from the Census Bureau. It was the third consecutive month and 13th of the past 14 months Mexico has been No. 1 in trade with the U.S. While Mexico retained the top spot in…
Less-than-truckload carrier XPO announced Tuesday the opening of three additional service centers, which are part of the 28 it previously acquired for $870 million from bankrupt Yellow Corp.’s estate. XPO (NYSE: XPO) said it’s adding a 36,000-square-foot terminal in Las Vegas to grow its trade show shipping capabilities. The location is XPO’s second in that…