Recovery flows and the looming threat of an East Coast port strike helped push intermodal volume to record highs for the week ending Sept. 14. The Association of American Railroads on Wednesday reported U.S. rail traffic was 522,557 carloads and intermodal units, up 6.8% from the same week in 2023. Intermodal volume soared to 290,403…
For the first time in its history, the Teamsters union has announced it will make no endorsement for president this election year. The decision comes after the union’s executive board reviewed several months of membership polling on which candidate to endorse. The results of this poll along with several others were published by the union…
Less-than-truckload carrier Saia said Wednesday that it will open three terminals in the western U.S. during September. The expansion is part of a bigger plan to open 18 to 21 new facilities this year. Two new terminals in Bismarck and Fargo, North Dakota, will be the carrier’s first locations in the state. A new terminal…
The world’s second-largest ocean freight carrier expects global demand for container shipping to remain strong into the fourth quarter on robust imports to North America and Latin America, as well as ongoing strong exports from the Far East. Maersk in a quarterly review and outlook on Wednesday projected a more balanced supply and demand across…
Susquehanna Financial Group cut earnings estimates for less-than-truckload carriers following weaker-than-expected volume updates for August. The investment firm pushed out its call for a “gradual recovery” in demand to 2025, with the expectation that 2026 will deliver “more meaningful performance.” “As we exit 3Q, we’ve been right on pricing holding up so far, but wrong…