iAero Airways, the largest passenger charter and cargo carrier in the U.S., will cease operations on Saturday after an unsuccessful effort to restructure the company under bankruptcy protection, President Timothy Rainey informed employees. Headquartered in Greensboro, North Carolina, iAero operates several narrowbody cargo jets for DHL Express. Other customers include the National Hockey League and…
The benchmark diesel price used for most fuel surcharges moved below the $4-a-gallon mark this week, another sign that for all the developments that seem primed to send prices higher, “balance” appears to be the best word to describe the market for now. The Department of Energy/Energy Information Administration average retail diesel price fell 3.8…
After Pride Group, one of Canada’s largest trucking and leasing companies, filed for bankruptcy protection last week amid a capacity glut and low rates, President and CEO Sulakhan “Sam” Johal is warning that an “unorganized demise” of the company threatens “the livelihoods of many thousands of families.” The company was founded by Johal and his…
Less-than-truckload carrier Saia Inc. announced a new partnership with Fletes Mexico, one of the largest trucking companies south of the border. Fletes Mexico’s less-than-truckload division, Carga Express, and Saia will provide cross-border freight transport for customers. Saia will service Carga Express’ shipments entering the U.S., while Carga Express will transport Saia’s freight traveling into Mexico….
On Episode 700 of WHAT THE TRUCK?!?, Dooner is talking to Campbell University’s Sal Mercogliano about the latest on the Francis Scott Key Bridge collapse. Who is on the hook to pay for it, how long will it take, what will it cost, and how will it impact shipping? Mercogliano has some answers. FreightWaves’ Thomas…