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PS Logistics said Monday its subsidiary Diamond State Trucking has acquired flatbed operator Yordy Transport. Headquartered in Morton, Illinois, Yordy Transport was founded six years ago and has a fleet of 30 power units, according to Federal Motor Carrier Safety Administration data. It primarily moves railroad and building materials throughout the central and southeast U.S….
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port Laredo remains the nation’s No. 1 gateway for international trade; rail cargo thefts were up 29% during Q1 in Mexico; a Taiwan automotive supplier is investing $1 billion for Mexico expansion; and Forza Steel is…
An unsolicited offer from an unidentified prospective buyer of Travel Centers of America is getting a thumbs-down from TA’s directors, advising shareholders to approve BP’s bid for the truck stop operator. In the company’s proxy filing Wednesday with the Securities and Exchange Commission, which among other things spells out various items required for shareholder approval,…
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….
This fireside chat recap is from FreightWaves’ 3PL Summit on Wednesday. FIRESIDE CHAT TOPIC: Legal issues and regulations to watch for in 2024. DETAILS: Transportation attorney Matthew Leffler dives into three hot topics affecting commercial trucking — nuclear verdicts, speed limiters and noncompete agreements — and how brokers should prepare for them. KEY QUOTES FROM…
This week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 35 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…