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A report by a nonpartisan think tank suggests that policymakers and Congress take heed before regulating the length of U.S. freight trains, saying that available safety and operations data doesn’t appear to show a causal relationship between train lengths and accident rates. Rather, regulating train lengths could result in an increase in shorter trains blocking…
Knight-Swift Transportation believes the worst of the freight cycle has passed. It is seeing some benefit from its decision to trim the truckload fleet as asset utilization is improving. It said it will continue to allocate capital to the expansion of its less-than-truckload business through both organic growth and acquisitions. “We don’t want to be…
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UPS Inc. early Tuesday came in with weaker than expected first-quarter results as U.S. retail sales fell more than the company expected and it faced ongoing demand weakness in Asia. Revenue was reported at $22.9 billion, down 6% from the same period a year ago. Consolidated operating profit was $2.5 billion, down 21.8% compared to…
This week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 30 (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…
Amazon’s private cargo airline, Amazon Air, took a different approach with its North American and European networks during the past 12 months. It has been streamlining operations in the U.S. by prioritizing larger planes and major hubs, but relying less on hubs in Europe as flight activity decreases, according to a report published Thursday. The…