DOT tangles with watchdog over $1.5 billion in freight grants

WASHINGTON — A new federal watchdog report criticizes the U.S. Department of Transportation for not properly documenting how it prioritizes funding for major infrastructure projects involving highways, ports and freight rail — but DOT disagrees with the assessment. The report, published and sent to Congress on Wednesday by the U.S. Government Accountability Office (GAO), concluded…

Cargo airline Amerijet in distress sale, terminates 6 aircraft leases

Amerijet, a midtier cargo airline based in Miami, said Wednesday it is returning six freighters to lessors, laying off nonpilot personnel and securing $55 million in capital from existing lenders as part of a restructuring aimed at stabilizing faltering finances and operations. The company said it will hand back six Boeing 757 freighters to its…

Lenzing levels up supply chain transparency with real-time shipment, carbon visibility from project44

Major disruptions combined with increasing customer expectations have been the primary driver for the rise in popularity of real-time visibility solutions over the past several years. While many leading organizations today recognize that visibility is a requirement for efficiently moving goods throughout the global supply chain, their needs continue to evolve.  Heightened pressure from investors…