About 2,000 truck drivers, warehouse and dock workers, and office personnel of Humble, Texas-based U.S. Logistics Solutions (USLS), formerly Forward Air Solutions, say they were blindsided late Thursday when they were notified via conference calls or by text messages that the company was ceasing operations and that they would not receive paychecks Friday. Eric Culberson,…
UPS Inc. (NYSE:UPS) announced Sunday it plans to sell its truckload brokerage business Coyote Logistics to the technology-enabled brokerage RXO (NYSE:RXO) for $1.025 billion. According to the company, Chicago-based Coyote Logistics manages around 10,000 loads per day with a network of over 10,000 carriers. “As UPS positions itself to become the premium small package provider…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Foreign direct investment in Mexico $39B so far in 2024; BNSF announces intermodal logistics hub near Phoenix; Trailer manufacturer launches production facility in Eagle Pass, Texas; and Doosan Bobcat begins construction of $300M plant in Mexico….
Chart of the Week: Inbound Ocean TEUs Index – USA SONAR: VOTRI.URSE, VOTRI.URNE, VOTRI.URSW, VOTRI.URWT, VOTRI.URMW Southeastern dry van regional rejection rates — the rate at which truckload carriers turn down loads from contracted shippers — have surged past all other regions this summer, hitting their highest level since July 2022. This breaks a trend of nearly…
Oleanvine Pickering-Mayard, former director of the British Virgin Islands Port Authority, was sentenced to nine years in prison on Thursday for her participation in a scheme to deliver cocaine through the British Virgin Islands to the U.S. According to a report from The St. Thomas Source, Pickering-Maynard, 62, agreed to a plea deal and was…