RXO has carried an investment-grade rating from Moody’s Investors Service since the fall of 2022, when the 3PL was spun off from XPO (NYSE: XPO). But it is now under threat as Moody’s has changed its outlook on RXO (NYSE: RXO) to negative from stable. At the same time, Moody’s affirmed that initial investment-grade rating…
Receiving a call about one of your trucks being involved in a fatal collision felt like being pushed into a frozen, cold lake, recalls Rick Morgan. He says even more […]
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday morning after a container ship collided with it, sending people into the water and creating a tense scene as search-and-rescue crews attempted to locate them. The bridge plays an important role in commercial shipping access to the Port of Baltimore, a hub for vehicles, light…
Drop-and-hook services have become increasingly sought-after, meeting the evolving needs of shippers for flexible transportation solutions while also offering carriers enhanced efficiency and earning potential. Uber Freight’s drop-and-hook capacity solution, Powerloop, has seen explosive growth, with more than 10,000 carriers servicing more than 220,000 loads to date. In 2023 alone, the capacity program experienced a…
Natural gas is seeing some renewed interest from the trucking sector, thanks to its lower carbon output than diesel and the fact new engines are coming online that will widen […]