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The post Daily Infographic: Texas and New Mexico led US crude oil production in 2022 appeared first on FreightWaves.
The post Daily Infographic: Texas and New Mexico led US crude oil production in 2022 appeared first on FreightWaves.
Cargo airline Amerijet will have doubled the size of its fleet to 25 aircraft within a span of two years when it soon takes delivery of two Boeing 767-300 converted freighters, a noteworthy achievement for a midtier regional carrier. Miami-based Amerijet is leasing the cargo jets from Air Transport Services Group (NASDAQ: ATSG), a provider…
On episode 679 of WHAT THE TRUCK?!?, Dooner is joined by FreightWaves’ Thomas Wasson to break down the latest data in SONAR and answer the question, did the spot market see its shadow? Plus, the freight brokerage burn-off and do felons make great freight brokers? CNBC’s Lori Ann LaRocco has just released her new book,…
J.B. Hunt kicks off earnings season On Thursday’s analyst call (see Todd Maiden’s earnings writeup here), J.B. Hunt highlighted both improved intermodal volume and pressure on intermodal rates. Intermodal volume exceeded most industry participants’ expectations for a lack of peak season in the fourth quarter of last year. The carrier’s intermodal volumes were up 6.5%…
An investment firm looking to make major changes at parcel technology and shipping company Pitney Bowes Inc. (NYSE: PBI) called Thursday for the ouster of longtime CEO Marc F. Lautenbach and non-executive Chairman Robert Dutkowsky, who two weeks ago was named to the role following the departure of then-Chairman Michael Roth. Hestia Capital Partners, which…
The Civil Aviation Administration of China has issued the design certification for Airbus’ structural modification of the A330 from passenger to cargo aircraft, enabling delivery of the first plane rebuilt in China and paving the way for more Chinese airlines to operate the freighter. Elbe Fluzeugwerke GmbH (EFW), co-owned by manufacturer Airbus and Singapore-based ST…
Federal prosecutors have charged the owner of an Illinois trucking company in an elaborate scheme to help applicants cheat on CDL exams by using hidden microphones and earpieces. Mykola Datkun, 33, of Port Barrington, Illinois, is accused of directing CDL applicants attempting to cheat on their CDL examinations to his Island Lake, Illinois, testing facility….