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The post Daily Infographic: Freight railroads are part of the solution to climate change appeared first on FreightWaves.
The post Daily Infographic: Freight railroads are part of the solution to climate change appeared first on FreightWaves.
Ernest Hemingway wrote, “How do you go bankrupt? Two ways. Gradually, then suddenly.” This path is inherent in the rags-riches-rags cycles seen in personal finance arcs to economic bubbles in freight markets. To combat current and future uncertainty in the world, we very much like to keep the status quo, so it takes a while…
WASHINGTON — Confusion over which federal agency has the power to resolve disputes over fees charged by railroads to store ocean containers will only get worse if Congress follows the advice of the shippers getting hit by the fees, ocean carriers contend. A coalition of 75 shipper groups — led by the National Customs Brokers…
Five years ago, air cargo in Chicagoland was the near-exclusive province of O’Hare International Airport. Now four airports ringing the southwestern shore of Lake Michigan are all investing to support anticipated demand from companies that rely on air transport to move goods faster. The latest installation spreading its cargo wings is Gary/Chicago International Airport (GCIA),…
BNSF’s net profit for the first quarter of 2023 slipped 9% amid a 10% drop in carload volumes, the railroad’s parent company, Berkshire Hathaway (NYSE: BRK.B), reported Saturday. Net income was nearly $1.25 billion in the first quarter, compared with $1.37 billion year over year. Total revenues were $6 billion, up 1% from $5.97 billion…
Operating profit at Deutsche Lufthansa AG’s cargo subsidiary plummeted 92% during the second quarter as the ongoing freight recession eroded nearly half of revenues from the same 2022 period, the company reported Thursday. The company was downbeat about the cargo business in the second half of 2023, saying it expects a continued decrease in freight…
The dockworkers union strike that shuttered the container ports of Vancouver and Prince Rupert, Canada, was supposed to be over. It’s back on again. The initial strike started July 1 and lasted 13 days. On Thursday, the British Columbia Maritime Employers Association (BCMEA) announced that a tentative four-year contract agreement had been reached with the…