Chronic underutilization of American truck drivers — not a truck driver shortage — was the central theme of testimony by David Correll, a research scientist and lecturer at the Massachusetts Institute of Technology’s Center for Transportation and Logistics, before the House Transportation and Infrastructure Committee on Nov. 17, 2021. Correll is co-director of the MIT…
For the 20th time in the last 22 weeks, the benchmark price of diesel used for most fuel surcharges has declined. The Department of Energy/Energy Information Administration price released Monday was down 3.4 cents per gallon to $3.767. It’s the lowest price since Jan. 17, 2022. Since this series of downward price moves began after…
Despite macroeconomic uncertainties, rail equipment manufacturer The Greenbrier Companies sees “steady production” supporting the company as it heads into its 2024 fiscal year. “I would say for 2024, we’ve got really good visibility. We still do have some pockets where we have open production, but we feel very comfortable about the ability to fill up…
The U.S. Department of Labor is preparing to impose nearly $380,000 in penalties on W8 Shipping LLC, an ocean freight wholesaler, for two dozen safety violations at the company’s warehouse adjacent to the Port of Savannah. The Los Angeles-based shipping company, which specializes in exporting secondhand automobiles, boats and heavy machinery, “willfully” exposed 43 workers…
The Knight-Swift acquisition of truckload carrier U.S. Xpress has closed, with U.S. Xpress stock no longer trading and the company filing a delisting document with the Securities and Exchange Commission. Knight-Swift (NYSE: KNX) has made no comment or filing about the closing of the deal, but U.S. Xpress’ notice Monday to the SEC delisting its stock…