Team drivers for Cromex Inc. of Villa Park, Illinois, say things were looking bleak after they were stranded in a Chicago-area hotel for three days more than 1,000 miles from home without a paycheck or a truck until a truckers outreach organization offered to pay their rental car expenses to get them home to Jacksonville,…
ASL Aviation Holdings, which operates cargo flights for global couriers Amazon, FedEx and DHL, is gearing up to add drone delivery to its portfolio of services. The company said Tuesday that ASL Airlines Ireland, one of seven airlines in the Dublin-based group, has been awarded a provisional operator certificate for unmanned aircraft systems by the…
A rise in leasing volume hit the Chicago industrial market in the first quarter, resulting in 127 new leases or lease expansions totaling 12.1 million square feet, the real estate investment firm Colliers International Group Inc. (NASDAQ: CIGI) said Tuesday. The leasing volume results came after a slowly decelerating 2022 period with less speculative development…
A predictive rate index released Tuesday showed truckload pricing “tumbling” further in the second quarter while less-than-truckload rates stabilize from a “sharp drop” in the first quarter. The TD Cowen/AFS Freight Index — a compilation of data from third-party logistics provider AFS Logistics and investment bank TD Cowen (NYSE: TD) — showed excess truck capacity…
WASHINGTON — Truck safety advocates are warning federal regulators against approving a roadside safety exemption for autonomous trucks in the face of strong support for the exemption by corporate interests. Waymo and Aurora petitioned the Federal Motor Carrier Safety Administration in January for the five-year exemption that would allow all highly automated (Level 4 and…