With 7 miles of a key interstate in the Northeast likely to be offline for months following a fire on Sunday, trucking officials cautiously took stock Monday of how service might be impacted. Trucking officials contacted by FreightWaves about the closing of part of Interstate 95 in northeast Philadelphia were reluctant to do two things:…
Sanctions continue to work: Russian crude and diesel exports are still going strong, helping to keep world energy markets supplied, while steep price discounts are curbing revenues to Russia’s government. Sanctions are also working for tanker owners. The shipowners bold enough to carry Russian oil and diesel have emerged as bigger winners, earning higher freight…
Rail labor groups are rejecting efforts by CPKC to extend and potentially make permanent a waiver that enables the Class I railroad from its Calgary, Alberta, office to dispatch trains at three locations near the U.S.-Canada border. Labor groups say allowing the waiver to become permanent would set a bad precedent and encourage other Class…
Japanese automaker Toyota said it will invest $328 million to produce a new hybrid model of its popular Tacoma pickup truck in Mexico. The company plans to expand its factory in the central Mexican city of Guanajuato, where Toyota already produces its Tacoma truck line for the North American market. “Toyota has informed us of…
Auctane, which has built one of the parcel industry’s most formidable multicarrier portfolios, said Monday it has acquired the assets of Return Rabbit, a returns management provider. Terms were not disclosed. Auctane owns brands such as ShipStation, Stamps.com, ShippingEasy, ShipEngine, ShipWorks, Metapack and Endicia. The acquisition will complement Auctane’s portfolio of multicarrier shipping solutions by…