Daily Infographic: Rates are only the tip of the iceberg
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Amerijet lost $33M in 12 months, downsizes Atlanta operation
Struggling freighter operator Amerijet International will close its small shipping station in Atlanta at the end of March in the latest attempt to reduce costs amid mounting financial losses driven by a prolonged downturn in freight markets and the end of some key contracts. The Miami-based cargo airline will shutter the warehouse it operated a…
Industry could see 40,400 vacancies by 2030, THRC warns
Trucking HR Canada projects that 40,400 available jobs could be vacant in 2030 unless the ongoing efforts and support continue. Of those vacancies, nearly 10,800 are expected to be truck-driving […]
XPO provides favorable February update
Similar to other less-than-truckload carriers, XPO saw a notable year-over-year (y/y) improvement in volumes in February when compared to January. In a Tuesday update following the market close, the carrier said tonnage grew 3.5% y/y in February as a 5.8% increase in shipments was partially offset by a 2.2% decline in weight per shipment. The…
Norfolk Southern fires back at Ancora, gets Wall Street analyst’s support
The sparring over the future of Norfolk Southern continues, with the railroad offering a detailed defense of its operations alongside a critique of Ancora Holdings’ recently renewed call for a quick change in management following a derailment late last week. In the middle of the maelstrom at Norfolk Southern (NYSE: NSC), a leading Wall Street…