Three of the four U.S. Class I railroads must continue submitting biweekly rail service progress reports to federal regulators through the end of the year as proof of improving rail service because they have not fully met their service targets. The requirement by the Surface Transportation Board applies to Union Pacific (NYSE: UNP), BNSF (NYSE:…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. In this edition, from the May 1975 issue of American Shipper, FreightWaves revisits a detailed…
Manitoba will invest nearly $33.5 million on a section of the Trans-Canada Highway on the eastern outskirts of Winnipeg. The section of the highway through the Rural Municipality of Headingley […]
Sharp drops in first-quarter cargo revenue at Korean Air and Lufthansa Cargo, two of the world’s largest cargo carriers within a passenger airline, underscore how cooling demand and rates are resetting the market after once-in-a-generation windfalls during the COVID crisis. Korean Air and German airline group Deutsche Lufthansa (DXE: LHA) rank in the top 10…
By Satish Jindel Editor’s note: The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Many thanks to the more than 100 people who commented on my first letter. The one that prompted this second letter asked: “What skin do you have in…