Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas truckers taking labor protest to the Big Apple; Exports of Mexico-built cargo trucks rise in August; Mexico’s largest bank opens office in Houston dedicated to nearshoring; and Stonepeak acquires 1.1 million -square-foot logistics property in…
Air Canada and the union representing more than 5,200 pilots announced Saturday night they have reached a tentative agreement on a four-year contract, averting a threatened strike that could have started within days. The preliminary deal must still be ratified by members of the Air Line Pilots Association. Air Canada (TSX: AC) said contract terms…
Chart of the Week: Total outbound loaded rail container volume, Intermodal spot rates – USA SONAR: ORAILL.USA, INTRM.USA Intermodal demand is only 2% off the peak COVID-era value that it hit in late 2020, but spot rates are 42% lower than where they were at that point. Have the railroads solved all their problems? Loaded intermodal — both…
A Delaware bankruptcy court provided some clarity late Friday regarding $6.5 billion in withdrawal liability claims against Yellow Corp. The total amount the bankrupt less-than-truckload company will actually pay, however, remains to be decided. The mere fact that the estate will have to make good on some portion of the claims sent Yellow’s stock spiraling….
WASHINGTON — Recent cutbacks totaling $105 million in BNSF’s 2024 capital maintenance plan have raised major safety and service concerns from the railroad’s unions. In a statement filed with the Surface Transportation Board, Tony Cardwell, president of the Brotherhood of Maintenance of Way Employes Division (BMWED) of the Teamsters Union, contends that BNSF’s decision to…