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The post Daily Infographic: US diesel prices have fallen below prices from before Russia’s invasion of Ukraine appeared first on FreightWaves.
The post Daily Infographic: US diesel prices have fallen below prices from before Russia’s invasion of Ukraine appeared first on FreightWaves.
For nearly two years, capital markets have punished Zim, the Israeli containership line whose fleet is the 10th-largest on the ocean. Zim’s model, which involves operating a subscale, highly chartered fleet of smaller vessels almost wholly exposed to the spot market, took a beating when collapsing spot rates collided with its high COVID-era lease expenses….
J.B. Hunt Transport Services missed first-quarter expectations Tuesday, reporting earnings per share of $1.22 compared to the consensus estimate of $1.53. A higher tax rate was a 7-cent headwind in the quarter. Intermodal revenue fell 9% year over year (y/y) as revenue per load was off by a similar amount (down 5% from the fourth…
The union representing some 5,800 pilots at FedEx Express has asked the National Mediation Board to be officially released from mediation for the purpose of being able to go on strike against the company to achieve a new contract. Air Line Pilots Association (ALPA) announced Friday that it asked the federal agency to declare an…
Union Pacific and the International Association of Sheet Metal, Air, Rail and Transportation Workers –Transportation Division (SMART-TD) have agreed to hold off on plans to redeploy conductors to work on the ground while the engineer stays on the train. Instead, a tentative agreement between the two parties calls for train conductors to remain as a…
Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: RXO invests $30 million and expands its logistics operations in South Texas; the Mexican state of Nuevo Leon is investing $22 million to expand a border bridge; Packwell is set to build a resin logistics center at…
Broker Landstar System said it’s readying for an inflection, noting largely normal seasonal trends on its first-quarter call. The fact that it isn’t in cost-cutting mode like the asset-based operators is a bit of a reprieve from the carnage this earnings season has delivered. The company beat expectations for the first quarter, but its second-quarter…