Schenker has been sold, but not to the U.S. private equity group vying for control of the German logistics provider. Transport provider DSV of Denmark has emerged as the winning bidder, Reuters reported, in a deal worth 14 billion euros ($15.43 billion). A consortium of private investors led by CVC Capital Partners of New York…
The tax credit many small-business railroads depend on to help fund capital improvements has gotten a potential boost in Congress. Bills introduced in both the Senate and House of Representatives would modify the Railroad Track Maintenance Credit, updating the credit for inflation and allowing expenditures on short-line track that has been acquired since 2015 to…
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Unisys. In this issue, port strike has shipping managers on edge; cost parity with diesel; bridge strike; and more. Strike deadline nearsX Negotiations strike out — The last International Longshoremen’s Association strike happened 47 years ago, but that may all change Sept. 30 when the union’s…
In the end, Ancora got its man. In a stunning turn of events that could not have been foreseen when Alan Shaw, then the CEO of Norfolk Southern (NYSE: NSC), swatted away a proxy battle by Ancora Holdings in May to have him removed from his job, Shaw is now gone anyway. He was felled…
Canadian airline WestJet has pivoted to offering other airlines and logistics companies the option of chartering its small fleet of Boeing 737-800 cargo jets to move goods after recently discontinuing scheduled cargo service because of weak demand. WestJet Cargo on Tuesday issued a news release promoting its charter service in North America and Latin America…