Philly-area trucking comes to grips with monthslong closure of I-95

With 7 miles of a key interstate in the Northeast likely to be offline for months following a fire on Sunday, trucking officials cautiously took stock Monday of how service might be impacted. Trucking officials contacted by FreightWaves about the closing of part of Interstate 95 in northeast Philadelphia were reluctant to do two things:…

Profiting from sanctions: Shipping premiums surge for Russian oil

Sanctions continue to work: Russian crude and diesel exports are still going strong, helping to keep world energy markets supplied, while steep price discounts are curbing revenues to Russia’s government. Sanctions are also working for tanker owners. The shipowners bold enough to carry Russian oil and diesel have emerged as bigger winners, earning higher freight…

Rail labor rejects CPKC’s request for safety waiver

Rail labor groups are rejecting efforts by CPKC to extend and potentially make permanent a waiver that enables the Class I railroad from its Calgary, Alberta, office to dispatch trains at three locations near the U.S.-Canada border. Labor groups say allowing the waiver to become permanent would set a bad precedent and encourage other Class…