Transportation prices fell again in July but at a slower rate than in the prior two months, according to data compiled in the Logistics Managers’ Index (LMI). Prices registered a 35.6 reading during the month, well below a neutral level of 50, but the falloff wasn’t as sharp as the record rate of decline set…
Less-than-truckload carrier Yellow Corp. is reported to be nearing a deal with lenders that will provide it funds as it approaches a liquidation of assets in bankruptcy. Apollo Global Management (NYSE: APO), one of Yellow’s current lenders, is reported to be leading a group that will provide Yellow with new capital in the form of…
As the trucking industry evolves, so do the problems that drivers and carriers face. In such a fast-moving environment, it would be challenging for one company to provide solutions to the full breadth of issues that pop up. It is a challenge that Tenstreet has chosen to take on. The team at Tenstreet prides themselves…
Class I railroads BNSF and CSX have announced agreements with key labor groups: BNSF reached a sick leave and work-rest agreement with the union representing locomotive engineers, while CSX and the union representing conductors partnered to enhance CSX’s training program for conductors. BNSF strikes sick leave and work-rest agreement with BLET Western U.S. rail carrier…
The Federal Bridge Corporation (FBC) that owns, manages and operates the Blue Water Bridge is countering suggestions that ongoing rehabilitation work is responsible for border delays and reported traffic concerns […]