Like the other Class I railroads reporting earnings this month, Norfolk Southern is looking to cut costs and increase productivity in the second half of 2023 to match anticipated market demand. But unlike the other railroads, NS is also contending with bringing both operating costs and rail service back to normal following the Feb. 3…
The Suez Canal has been extremely important in the world of transportation and supply chains since its creation in 1859. But in 1956, a conflict changed the dynamic of the canal and its impact on countries that use it. Join Deputy Editor Brielle Jaekel and fellow FreightWavesTV host Mary O’Connell as they dive into the…
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Frayt. In this issue, Yellow’s bankruptcy; the market shows signs of life; trucking scams; and more. Line goes up SONAR Signs of life — The Southeast and West regions are hitting the freight market with a defibrillator as we move out of a flatline in outbound…
Traton SE, the parent company of Navistar International, reported dramatically higher second-quarter sales and profits compared with a year earlier. But economic uncertainty resulted in significantly lower incoming orders. Traton’s adjusted operating profit in the April-June period reached $1.15 billion compared with $438.5 million a year ago. Q2 revenue totaled $12.92 billion compared with $10.47…
WASHINGTON — The training departments of three large truckload companies want to be exempted from federal rules for entry-level driver training because they claim it is causing them to be short of both instructors and drivers. Drivers of the three companies — Heartland Express (NASDAQ: HTLD), Contract Freighters Inc. (CFI) and Millis Transfer (acquired by…