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…
The rate of decline in cargo revenue at Delta Air Lines slowed further in the first quarter, reflecting an overall improvement in global market conditions for airfreight. Atlanta-based Delta (NYSE: DAL) on Wednesday reported record first-quarter adjusted revenue of $12.6 billion, but cargo revenue fell 15% year over year to $178 million. The world’s second-largest…
On episode 704 of WHAT THE TRUCK?!? Dooner is talking about the FMCSA’s under-21 apprenticeship program. So far, only 113 motor carriers have applied and 34% of those have been rejected. We look into why. Drivers, start your engines! Relay Payments CEO Ryan Droege gets us off the starting line for their Haul of Fame…
Less-than-truckload carrier XPO announced Wednesday it has begun opening the service centers it acquired from bankrupt Yellow Corp. XPO (NYSE: XPO) purchased 26 owned terminals and two leased locations from Yellow (OTC: YELLQ) in the estate’s first auction in December. XPO’s $870 million bid for the terminals represented the largest allocation of Yellow’s properties at…