Less-than-truckload carrier Yellow Corp. ceased all operations at 12 p.m. Sunday, according to a notice on the gates at its terminals. Separate internal documents showed the procedures for closing the facilities as well as “talking points” to be used when informing union employees not to show up for their shifts. The documents indicated the company…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: BNSF Railway rethinks its plan to build a Texas logistics center after community opposition; Paschall Truck Lines adds a new cross-border terminal; Niagara Bottling will build a logistics center in Central Texas; and the Commerce Department…
Chart of the Week: Outbound Tender Volume Index – USA SONAR: OTVI.USA After what has felt like a relentless barrage of bad news, an unseasonable upward trend in truckload tender volumes is giving domestic transportation providers the potential inflection point they have desperately been waiting for. The national Outbound Tender Volume Index (OTVI) — a measure of the…
The bad news for France’s CMA CGM, the world’s third-largest ocean carrier: Profits continue to slide. The good news: The company is still raking in over a billion a quarter, net profits and revenue per container are still well above pre-COVID levels, and it still has a huge cash cushion courtesy of its boomtime windfall….
The work stoppage by members of the International Longshore and Warehouse Union at Canadian West Coast ports may have cost Canadian Pacific Kansas City $80 million in lost revenue, executives said during the railway’s second-quarter earnings call. CPKC will “work hard to claw back” that lost revenue over the remainder of the third quarter and…