There’s new data out on China, and some people say they are “shocked” and “surprised” the country’s manufacturing is hurting. At this point, you want to ask businesspeople who admit this if they are living under a rock. Since June 2022, manufacturing orders have been down 30%-40%. We are now in peak season and, as…
The earnings of Expeditors International were a perfect summation of the state of international freight in the second quarter: Whether it was on the water or in the air, the numbers were less than a year ago — by a large margin. And while Expeditors does not disclose enough granular tonnage data to make a…
With just $62.4 million in cash on its balance sheet, Workhorse Group desperately needs shareholders to agree to dilute their holdings by authorizing a near doubling of shares in the electric vehicle maker. Workhorse is using a proxy solicitation firm to corral votes in favor of the measure. It needs 50% plus one of all…
A report by a nonpartisan think tank suggests that policymakers and Congress take heed before regulating the length of U.S. freight trains, saying that available safety and operations data doesn’t appear to show a causal relationship between train lengths and accident rates. Rather, regulating train lengths could result in an increase in shorter trains blocking…
Commercial operations at a gateway at the Port of Brownsville in South Texas were temporarily disrupted Tuesday as border agents were shifted to immigration duties. U.S. Customs and Border Protection transferred some personnel to handle an influx of migrants arriving in the area, according to Armando Taboada, assistant director of field operations at the Laredo…