Shipping lines have been in the red in the trans-Pacific trades for months. They may have just inched back into the black again, courtesy of the rise in spot rates over the past five weeks. Annual contracts reset to sharply lower levels in May. Even so, multiple ocean carrier execs insisted on conference calls that…
A pair of unrelated statements Friday on freight rail leadership transitions underscore the push and pull of leadership dynamics of the industry. CSX’s executive vice president of operations to depart Jamie Boychuk, executive vice president of operations for eastern U.S. Class I rail carrier CSX, is leaving, the company said Friday. CSX (NASDAQ: CSX) didn’t…
Cargo revenue at leisure carrier Sun Country Airlines jumped 18% year over year in the second quarter to $25 million as aircraft flown for Amazon, its dedicated cargo customer, were fully available after experiencing downtime for maintenance in 2022. The airline’s overall health improved markedly during the three-month period, with revenues growing 19% to $261…
Regional Rail has acquired the assets of Clinton Terminal Railroad in North Carolina. The acquisition, announced this week, will expand Regional Rail’s presence in North Carolina. Regional Rail had acquired Carolina Coastal Railway in 2020. Carolina Coastal will be the new owner and operator of Clinton Terminal Railroad, which will be named the Clinton Branch…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking about a week full of disruptions for LTL shippers. How has the market handled the largest trucking bankruptcy in history? Bitfreighter’s Brad Perling has brought the ice bucket challenge back to freight. We’ll find out why. Plus, we’ll learn how to win freight with Live…