Union Pacific is expanding the utility role so that the position responds to situations occurring on the rail network. This expanded role would work on a fixed schedule and be dispatched in a truck to respond to planned and unplanned events along the mainline, UP told FreightWaves in a statement. The utility position is typically…
Truckstop announced Tuesday it has acquired FreightFriend, a cloud-based capacity and freight management solution that matches shipments to carriers. The acquisition gives Truckstop a technology platform for freight matching and building routing guides for shippers and brokers. Truckstop will utilize FreightFriend’s technology to deliver solutions for in-network and out-of-network relationships in one centralized experience for…
The union representing UPS pilots says they will not cross picket lines if Teamsters drivers and package sorters walk off the job when the current contract expires Aug. 1, resulting in the immediate shutdown of the express logistics company’s global air operations. UPS (NYSE: UPS) has 3,300 pilots who are represented by the Independent Pilots…
Logistics real estate operator Prologis lowered its 2023 rent growth forecast as it expects vacancies to tick higher in the near term. Prologis (NYSE: PLD) on Tuesday reported core funds from operations (FFO) of $1.83 per share for the second quarter, 16 cents higher than the consensus estimate and 72 cents higher year over year…
No matter what is happening in the freight market, shippers value predictability, efficiency and on-time delivery. They are driven by these values to ensure their routing guides are iron-clad, as failures lead to unexpected delays and expenses. Some types of freight, however, are more likely to fall through the cracks than others. A low-volume contract…