Tide turning against ‘hyper-dilutive’ shipping stock sales
Investors have been burned for years by dilutive share offerings by micro-cap shipowners. Backlash is building.
Amazon downsizes cargo operations at German airport
Amazon Air is downsizing operations at Leipzig/Halle International Airport.
More American Shipper Headlines
Chassis pool manager CCM acquired by Oaktree
How a fight over 2 jobs bankrupted union of 40,000 dockworkers
FedEx air fleet flies more in August
ILWU dockworkers union files for Chapter 11 bankruptcy protection
Port Houston sees falling container traffic in August
August volumes fall 28% from year-ago highs at Port of Savannah
The Georgia Ports Authority reported a dip in August volumes at the Port of Savannah. But volume increases for rail traffic and roll-on/roll-off cargo were bright sports for GPA last month.
August record month at South Carolina’s Inland Port Greer
In soft market, Amazon and DHL maintain cargo flying with ATSG
Air Transport Services Group has not been forced by primary customers Amazon and DHL to significantly trim flight activity, as originally expected.
Aviation, trade sectors brace for government shutdown
The Federal Aviation Administration and Customs and Border Protection are two key agencies involved in goods movement that will be short-handed if the government shuts down nonessential services.
Atlas Air snags ex-Etihad cargo chief for C-suite role
Another top-level cargo executive for a Middle Eastern airline has found a new job. Atlas Air, which leases and flies cargo and passenger aircraft for airlines, logistics companies, sports teams […]
DHL relocates A300 freighters to Europe for better sustainment
DHL is moving its A300 fleet from Asia because the region doesn’t have sufficient aerospace support services for the aircraft.
Mexican cargo airline accused of labor violations under USMCA
The U.S. is pressing Mexico to review a complaint by pilots at Mas that they were harassed over associations with a labor union.
OSHA fines W8 Shipping $380K for Georgia warehouse safety violations
How has state marijuana legalization affected trucking?
As US-China relations worsen, expect supply chain chaos
Trade and Compliance
Flexport juices trade finance program with $200M credit line from KKR
Freight interests frustrated with leadership vacuum at DOT
Real estate investors surge into electric truck charging
Canadian airports receive $77M for cargo projects
Nikola’s energy president resigns
How will Russian ban on diesel exports impact global energy trade?
Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.
Barge rates to move grain rise anew amid low Mississippi water levels
Newark ship blaze blamed on Ports America-owned loading vehicle
Bankrupt Bed Bath & Beyond targets more ‘price-gouging’ shipping lines
Panama Canal Authority: Vessel transits may be reduced if drought persists
What it takes to streamline shipping operations and control costs
Transportation spend optimization is a shipper’s secret weapon to transform its spend management process, improve inefficiencies, and reduce complexities and operational risk.
5 things shippers should know about real-time freight procurement
How should small-package shippers choose delivery partners?
Food giants cash in on ‘pet parents’ buying gourmet meals for ‘fur babies’
Sonar Analyst Reports
Shippers’ revenge is coming for truckload carriers
FedEx cost cuts outrunning revenue weakness, for now
Air Belgium abandons direct passenger service to focus on cargo
Narita Airport to build centralized cargo facility for All Nippon Airways
DSV tailors chartered freighter network to shifting market conditions
Small move in diesel benchmark masks more volatile underlying market
The benchmark price for most fuel surcharges moved by only a small amount, but futures markets are going through some big swings.
For 1st time since July, benchmark diesel price heads downward
Diesel’s fuel surcharge benchmark is up, even as futures suddenly drop
Georgia governor suspends motor fuel taxes
Not much good news for diesel consumers in latest key oil report
Internet connectivity issues affect CN’s customer service portal
CN was experiencing internet connectivity issues Tuesday, affecting the Canadian railway’s customer service portal.
‘More needs to be done to promote freight rail competition’
Wisconsin Democratic Sen. Tammy Baldwin and West Virginia Republican Sen. Shelley Moore Capito want the Surface Transportation Board to “move swiftly” on reciprocal switching.
EEOC sues UP over 21 employee terminations for failed vision tests
The Equal Employment Opportunity Commission has filed a lawsuit against Union Pacific in federal court over the dismissal of 21 conductors and locomotive engineers who had failed the railroad’s vision test.
System outage briefly halts Norfolk Southern train operations
NS is examining the root cause of the Friday evening to early Saturday morning outage, which the railroad says was not a result of hacking or related to a previous system outage that occurred in late August.
BNSF and train conductors union reach work scheduling deal
BNSF and SMART-TD have reached a tentative agreement addressing how BNSF handles work schedules for train conductors and other related union members.
Environmental groups push to clamp down on coal dust from trains
Sixteen environmental groups have filed a rulemaking petition with the EPA asking for the federal agency to require coal train operators to have Clean Water Act permits when moving coal.
How will a government shutdown affect freight railroads?
This AskWaves article looks at how a U.S. federal government shutdown would affect freight rail operations and proposed rail safety and economic rulemakings.
Ohio senators seek public health emergency declaration for East Palestine
Declaring East Palestine, the town impacted by a Norfolk Southern train derailment, as the site of a public health emergency would allow area residents to have long-term access to Medicare, Ohio’s senators said in a letter to the EPA.
Norfolk Southern and Florida East Coast Railway expand intermodal offerings
Two Florida East Coast Railway terminals will gain access to Norfolk Southern’s network, and NS and FEC will use a steel wheel interchange in Jacksonville, Florida, which will bolster access to Midwest markets.
Cincinnati voters to decide on sale of Cincinnati Southern Railway to NS
Cincinnati voters will determine on Nov. 7 who should own the Cincinnati Southern Railway, which is currently owned by a group affiliated with the city. The city wants to sell it to Norfolk Southern for $1.62 billion.
Radiant Logistics acquires Florida operating partner Daleray
Radiant Logistics has acquired a Florida-based logistics partner that provides forwarding services to the cruise lines.
XPO’s Jacobs on his next venture: Wait and see
Paying for hotels saves money and improves driver retention
Declines in transportation prices slow again in September
Lineage acquires Burris Logistics’ cold storage, e-commerce sites
Estes Express confirms cyberattack
Daily Infographic: Cargo thefts from trucks, warehouses spike during Q2
White Paper: The State of Freight – September 2023
US, Mexican trade officials ask Texas governor to end truck inspections
Audit: Postal Service contract truckers had their kids riding along
UAW strike-caused losses rack up to nearly $4B so far
Big leap forward for fleet electrification: Prologis launches accessible EV charging infrastructure
Lordstown Motors founder buys company assets out of bankruptcy
WHAT THE TRUCK?!?
Government shutdown averted; heavy haul supports veterans; and trucking music – WTT
Less than Truckload (LTL)