The company behind Northern Air Cargo has taken delivery of two widebody freighter aircraft this year and immediately placed them in storage because there isn’t enough business to operate them profitably despite the improved outlook for the global airfreight market, FreightWaves has learned. The decision represents the latest case of an all-cargo airline throttling back…
WASHINGTON — The U.S. Department of Transportation is launching the first step in a long-awaited National Multimodal Freight Network (NMFN), a project that will be used to prioritize federal money for freight infrastructure around the country. A request for information scheduled to be published in the Federal Register on Friday will give the public 60…
By Craig Allan The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The catastrophic Francis Scott Key Bridge collapse was a tremendous loss for the city of Baltimore, which is left grieving the tragic loss of life and bracing for massive disruption….
Norfolk Southern heads toward its May 9 annual meeting and the resolution of its battle with activist shareholder Ancora over control of the company with a public campaign that may have taken a hit Tuesday, judging from a preview of the railroad’s first-quarter numbers. In an outlook for Q1 earnings, which are to be released…
WASHINGTON — The loss of Baltimore’s Francis Scott Key Bridge is ramping up truck drive times in the region as data from the government and private sources begins to accumulate. The Federal Motor Carrier Safety Administration confirmed on Wednesday that it is seeing “significant impacts” on truck trips in the region based on data supplied…