Long-standing practices for feeding chassis into intermodal markets have been dealt another blow in legal proceedings before the Federal Maritime Commission. In a 4-1 vote Tuesday, the FMC upheld an administrative law judge’s (ALJ) ruling from just over a year ago that the current system of major oceangoing carriers designating exclusive chassis providers for port-to-port…
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Financial services analysts at Piper Sandler think Triumph Financial has a strong future over the next two years, but they aren’t too hot on the stock right now. In a report that could be read as more of an endorsement of the strategy of the trucking-focused bank, analysts Frank Schiraldi and Justin Crowley on Monday…
Ryder System’s fourth quarter saw the continued rise of its Supply Chain Solutions (SCS) segment as a growing contributor to revenue and profitability, with used vehicle sales hurting the performance of its signature Fleet Management Solutions (FMS) vehicle leasing division. In prepared remarks released with the earnings, CEO Robert Sanchez, who has been leading the…
An investigation is underway after a CSX worker was killed on the job Tuesday in Roanoke Rapids, North Carolina. The incident happened around 1:30 p.m. on CSX’s Northend Subdivision, according to the Roanoke Rapids Police Department. Details have not been released, but the National Transportation Safety Board said the employee was killed by moving equipment….