The Transportation Security Administration is easing the compliance burden on airfreight intermediaries by allowing the logistics businesses to submit applications renewing security credentials once every three years instead of annually, according to a recent regulatory notice. The rule change, which takes effect on Monday, impacts about 3,800 indirect air carriers registered with the TSA. The…
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Struggling freighter operator Amerijet International will close its small shipping station in Atlanta at the end of March in the latest attempt to reduce costs amid mounting financial losses driven by a prolonged downturn in freight markets and the end of some key contracts. The Miami-based cargo airline will shutter the warehouse it operated a…
Similar to other less-than-truckload carriers, XPO saw a notable year-over-year (y/y) improvement in volumes in February when compared to January. In a Tuesday update following the market close, the carrier said tonnage grew 3.5% y/y in February as a 5.8% increase in shipments was partially offset by a 2.2% decline in weight per shipment. The…
The sparring over the future of Norfolk Southern continues, with the railroad offering a detailed defense of its operations alongside a critique of Ancora Holdings’ recently renewed call for a quick change in management following a derailment late last week. In the middle of the maelstrom at Norfolk Southern (NYSE: NSC), a leading Wall Street…