Sharply lower yields due to excess capacity from passenger flights combined with higher costs led to an 86% plunge in Lufthansa Cargo’s operating profit in 2023, underscoring how challenging the year was for the entire air logistics industry. Lufthansa Group (DXE: LHA) on Wednesday reported its third best financial results in history, but the cargo…
Supply chain software provider E2open, with a new CEO in place and Elliott Investment Management still holding a significant stake in the company, is initiating a “strategic review” on its future. The announcement Thursday morning sent the company’s stock price climbing. At the close, E2open’s stock on the Nasdaq was $4.33 a share, up 6.91%…
The Driver Inc. issue remains on the federal government’s radar and is “on the desks” of the ministers of transportation and labor, said Anita Anand, president of the Treasury Board, […]
Pilot Travel Centers is adding 35 travel centers and more than 500 truck parking spaces across the country as part of its 2024 growth plan. Tennessee-based Pilot, North America’s largest travel center network, also plans to add more than 30 truck maintenance and tire service shops to its travel centers. “Expanding into new communities and…
There was no need to burn dangerous chemicals in rail cars in order to prevent an explosion after a Norfolk Southern train derailed in East Palestine, Ohio, on Feb. 3, 2023, the chair of the National Transportation Safety Board told a U.S. Senate committee Wednesday. Under questioning by Sen. J.D. Vance, R-Ohio, Jennifer Homendy testified…