The prospect of a wider war in the Middle East continues to fade and with it the prospects for $100 crude oil and higher price levels from the products that are made from it. The Department of Energy/Energy Information Administration average weekly retail diesel price declined 4.5 cents a gallon effective Monday, bringing that benchmark…
Ryder System Inc. has opened a logistics facility in El Paso, Texas, aiming to tap into growing cross-border trade between the U.S. and Mexico. Ryder’s newly built 50,000-square-foot logistics facility is aimed at supporting global firms that are nearshoring manufacturing operations to Mexico, officials said. The facility is near the Ysleta-Zaragoza International Bridge, which connects…
Two subsidiaries of parent company TFI International Inc. (NYSE: TFII) will pay $460,000 to settle a sexual orientation and retaliation lawsuit, the Equal Employment Opportunity Commission announced Monday. TA Dedicated, formerly Transport America, and Transportation Enterprise Services were sued by the EEOC over the reported treatment of two gay mechanics. The EEOC said Gary Pugh…
For brokers, winning bids without a household name can prove difficult. This is especially true for growing brokers that are still working to scale their businesses in today’s challenging freight market. A powerful combination of persistence and partnerships can help. In order to win bids, a broker must first capture a shipper’s attention. Specialization is…
With the proxy battle at Norfolk Southern headed to a climax next week at the annual meeting of shareholders, management and the board of directors have taken a major hit to their survival efforts following the recommendation of Glass Lewis to back the proxy battle undertaken by Ancora Holdings. Glass Lewis is an independent proxy…