Daily Infographic: Ship losses hit record low in 2022

BNSF’s mechanical division and the Brotherhood of Railway Carmen (BRC) are working together on a program that seeks to ensure brake health. BRC is supportive of BNSF’s (NYSE: BRK) efforts to go before the Federal Railroad Administration and ask for the expansion of a test waiver that would enable both parties to continue work on…

Less-than-truckload carrier XPO reported second-quarter adjusted earnings per share of $1.12 on Thursday ahead of the market open. The result was 11 cents ahead of the consensus estimate and 41 cents higher year over year. The adjusted result excluded transaction and restructuring costs of 22 cents per share as well as a $41 million one-time…

To view more FreightWaves infographics, click here The post Daily Infographic: Amazon’s profit rebounds as cost-cutting measures pay off appeared first on FreightWaves.

Fastfrate Group and CPKC railway announced Tuesday the renewal and expansion of their agreement that provides intermodal and drayage services across Canada, the U.S. and Mexico. The five-year agreement aims to improve and speed up North America’s supply chain, while tapping into growing cross-border trade among the three countries, especially the automotive industry, Fastfrate officials…

By Satish Jindel Editor’s note: The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Many thanks to the more than 100 people who commented on my first letter. The one that prompted this second letter asked: “What skin do you have in…

Chart of the Week: Van Contract iniitial reporting of average base rate per mile – USA SONAR: VCRPM1.USA The average dry van truckload contract rate trend (VCRPM1) has shifted to slight growth (+1.2%) over the past six months. While this seems like a non-event to the uninitiated, it is a rather significant development in the surface transportation market. …