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The post The vast majority of Class I train derailments happen in rail yards appeared first on FreightWaves.
The post The vast majority of Class I train derailments happen in rail yards appeared first on FreightWaves.
Cargo-focused Air Transport Services Group blamed disappointing first-quarter results on slower business at its charter passenger airline Omni Air and warned that persistent inflation, which is driving up costs for maintenance and travel for flight crews shuttling between assignments, would dampen expected profits for the year. On the positive side, utilization of the cargo fleet…
Canadian transport company TFI International (NYSE: TFII) on Monday reported revenue, including fuel surcharges, of $1.79 billion in the second quarter, down from $2.42 billion in the 2022 quarter as weaker volumes ate into its top line. Operating income was halved to $192.4 million from $391 million, while adjusted diluted earnings per share dropped to…
E-commerce giant Amazon reported better-than-expected earnings and revenue for the first-quarter, driven by tweaks in its logistics operations, as well as growth in its advertising and cloud computing units, according to Amazon CEO Andy Jassy. “Delivery speed really matters to customers and we’ve continued to get faster while improving our safety performance,” Jassy said during…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking about the impending bankruptcy at Yellow that’s reported to go down Monday. What’s next for the company, what are employees saying and what options are out there for the displaced? CNBC’s Lori Ann LaRocco gets us up to date on labor action at West Coast…
On Episode 692 of WHAT THE TRUCK?!?, Dooner is joined by Sisters of the Road’s Debbie Dingo. From March 1 to March 21, the Sisters of the Road are on a journey from California to the Mid-America Trucking Show (MATS), championing the cause of women drivers. Their mission? To spotlight the remarkable women who’ve been…
Martin Weissburg is retiring as president of Mack Trucks. He will be succeeded June 1 by Stephen Roy at the Volvo Group manufacturing subsidiary. Weissburg held three senior leadership positions in his Volvo career. In a 2020 FreightWaves interview, he called running Mack, an iconic brand dating to 1900, his favorite. He arrived in June…