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On today’s episode of WHAT THE TRUCK?!? Dooner is talking to XPO Chief Strategy Officer Ali Faghri about spinoffs, LTL stand-alones, market disruptions and the company’s M&A plans. First Gear Inc.’s Erica Reiss has created a 1:64 scale replica of the silver screen’s most notorious autonomous truck, the Green Goblin from “Maximum Overdrive.” We’ll talk…
To view more FreightWaves infographics, click here The post Daily Infographic: Achieve high-quality service without sacrificing cost appeared first on FreightWaves.
Fourth-quarter 2023 earnings and a projection for its prospects in 2024 have led to at least a pair of Wall Street downgrades of the prospects for Norfolk Southern’s stock price. The bottom-line numbers for Norfolk Southern (NYSE: NSC) were that it posted net income in the fourth quarter of $527 million versus $790 million in…
PayCargo, a multimodal freight payment platform, said Tuesday it has collected $16.4 million after the 11th U.S. Circuit Court of Appeals in April upheld a lower federal court decision sanctioning rival CargoSprint for breach of contract and unauthorized use of PayCargo’s federal trademarks. A judge in the U.S. District Court for the Southern District of…
Year-over-year (y/y) declines in freight shipments and spend continued to taper during December, according to data compiled in the Cass Freight Index. December shipments outperformed normal sequential seasonal changes, up 2.1% seasonally adjusted. That followed a 0.3% sequential increase in November. Compared to a year ago, volumes captured by the data set were off 7.2%,…
Hong Kong authorities are investigating a landing gear failure on an Atlas Air freighter aircraft and why the emergency landing resulted in an eight-hour closure of one runway, delaying 450 flights. The unmarked cargo jet is owned by Nippon Cargo Airlines and supplied to Atlas Air, which provides the crew, maintenance and insurance, according to…