Deadline nears for filings as Werner seeks review of nuclear verdict

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Deadlines are looming for all briefs to be filed with the Texas Supreme Court as it decides whether to review the enormous verdict against Werner Enterprises growing out of a 2014 fatal wreck. With interest, the sum now stands above $100 million. A primary brief was filed in October by attorneys for the Blake family,…

25% more containers out of LA/Long Beach ports possible: ITS Logistics

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U.S. consumers are not as eager right now to open their wallets to purchase a lot, but that does not mean anticipated lower volumes cannot create any logistical hiccups. They still can. Shippers are taking advantage of the longer transit around the Cape of Good Hope and the wait at the Panama Canal due to…

Fastfrate Group renews CPKC deal connecting US, Canada and Mexico

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Fastfrate Group and CPKC railway announced Tuesday the renewal and expansion of their agreement that provides intermodal and drayage services across Canada, the U.S. and Mexico. The five-year agreement aims to improve and speed up North America’s supply chain, while tapping into growing cross-border trade among the three countries, especially the automotive industry, Fastfrate officials…

Morgan Stanley cuts earnings expectations amid surging insurance costs

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Morgan Stanley cut earnings estimates for all the transportation companies it covers on Tuesday, citing rising insurance costs. It continues to believe the truckload space will be the most impacted as large jury verdicts remain a threat. The firm said both nuclear verdicts and a prolonged period of insurance companies incurring costs above general inflation…