Container lines won’t release final results for the second quarter until next month, but early disclosures suggest they have stemmed the bleeding, at least temporarily. Hawaii-based niche carrier Matson (NYSE: MATX) announced preliminary results late Thursday, projecting Q2 2023 net income of between $76.3 million and $81.5 million. This range is more than double Q1…
The U.S. District Court for the District of Kansas ruled Friday against less-than-truckload carrier Yellow Corp.’s request for an injunction, which would have kept its Teamsters employees from engaging in a work stoppage. In her decision, Senior Judge Julie Robinson denied a motion for a temporary restraining order and injunction. The decision allows the union…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to a panel of industry experts about the fallout from Yellow’s court case in Kansas City. Will teamsters be allowed to strike? Will Yellow survive the outcome? We’ll find out from our great panel of Michael Bookout, Co-Founder at MyCarrierTMS; Todd Maiden, Editor at FreightWaves;…
Last week, we warned that the “peak” of peak season had already arrived for U.S. containerized import volumes and that demand was likely to decline from here to reach a “new” bottom in the back half of this year (forecasting a 10%-20% decline below second-half, 2019 levels). While container volumes from all ports of origin…
WASHINGTON — A proposed regulation requiring that new truck trailers come equipped with side guards to prevent deadly crashes is taking more heat from safety groups and the trucking industry for using flawed analysis and being too costly to implement. Initial sentiment on the issue from the National Transportation Safety Board and insurance groups argued…