Chart of the Week: Outbound Loaded Rail Container Volumes – USA SONAR: ORAILL.USA Loaded rail intermodal container volumes were down approximately 8% from the first quarter last year and, more surprisingly, 5.7% from pre-pandemic Q1 2020 — suggesting there has been more than simple freight demand erosion for the sector. Shifting transportation demand patterns have already cut into…
Logistics company Transportation Insight Holding Co., a combination of logistics providers Nolan Transportation Group and Transportation Insight, has let go President and COO Geoff Kelley and 60 employees in a restructuring, the Atlanta-based company confirmed Friday night. The company said the move was designed to make TI more responsive to customers and carriers. TI said…
Near the turn of the last decade, Amazon.com Inc. planned seriously to extend its delivery services to businesses outside its retail sphere. Then the pandemic hit, and those plans, which could have levied a big hit on FedEx Corp. (NYSE: FDX) and UPS Inc. (NYSE: UPS) by going right into their wheelhouse of business, were…
This is Part I of a series about recent layoffs and work culture at Flock Freight. At the end of a recent biweekly all-hands meeting, approximately 430 Flock Freight employees — affectionately known as “Flockers” — were told to check their email accounts to see if they were going to survive a second round of…
A significant shareholder in TravelCenters of America is asking the truckstop chain to speak with convenience store chain Arko about the latter’s bid for TA, which is for a higher per share price than that of oil giant BP, which is on track to buy TA next month. In an open letter to the TA…