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The air cargo division of Emirates has temporarily augmented its fleet with two older Boeing 747 jumbo jet freighters to meet expected demand while it waits for manufacturers to fill orders for new aircraft, the Dubai-based airline said Monday. The 747-400s are being wet leased — a rental bundled with crews that fly the aircraft…
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Dunavant. In this issue, market recovery looks grim; yard dawgs; Flexport’s Shopify buy; and more. Will freight recover in the second half? SONAR Unlikely — Those of you waiting for the ball to bounce back up on the rebound after falling off a cliff may be…
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Schneider National announced Friday that it will be an intermodal service provider on the Canadian Pacific Kansas City line. It will serve as a strategic carrier on the intermodal line that connects Chicago to major ports and regions in Mexico. “Our 30-plus years operating in Mexico and broad portfolio of services will bring an intermodal…
More than two dozen Senate Democrats have told UPS and the Teamsters union that they will not intervene in the event the Teamsters strike UPS on Aug. 1. In a letter sent late Wednesday to Teamster General President Sean O’Brien and UPS (NYSE: UPS) CEO Carol B. Tomé, the senators expressed hope that both sides…
Chart of the Week: National Outbound Tender Reject Index – USA SONAR: OTRI.USA For the first time since the economy was shuttered in the early phases of the COVID-19 pandemic, the national Outbound Tender Reject Index (OTRI) has fallen below 3%, making early 2023 the softest sustained truckload market since the tender data history began in early 2018. …