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Tesla and Uber Freight launch a new program pairing subsidies and dedicated freight for the Tesla Semi, aiming to cut costs and accelerate electric truck adoption ahead of 2026 production.
Performance Food and US Foods are evaluating a potential $100 billion merger, a deal that could surpass Sysco.
A Montana Rail Link train derailed, causing a bridge to collapse and sending rail cars into the Yellowstone River. Eight cars were damaged, leaking hazardous materials.
A Montana Rail Link (MRL) train carrying hazardous materials derailed in Columbus, Montana, on Saturday morning, causing a bridge to collapse and several rail cars to fall into the Yellowstone River. Eight tanker cars were damaged, leaking asphalt and molten sulfur near the river. However, local officials stated these substances are 'slow moving' and have not spread far from the incident site.
Multiple agencies are responding and taking necessary precautions, but no immediate threat to Yellowstone County is reported. No injuries occurred, and the cause of the derailment is being investigated. The incident happened while MRL, a Class II regional railroad, is transitioning operations to BNSF Railway, following a buyout approval from the Surface Transportation Board in March.
Source: FreightWaves
The US freight rail infrastructure is mostly owned by private corporations and maintenance and repair are their responsibility, not the government's.https://t.co/7sFUaBVS4h
— Roy Jones (@StreetLevelTech) June 25, 2023
Freight brokers face Q4 turbulence with tariffs, the end of de minimis, an 80% USPS traffic collapse, and a proposed $85B rail merger.
Union Pacific and Norfolk Southern say rival alliances prove their merger will strengthen competition, as CSX and CN tout new intermodal services linking Canada’s West Coast to Nashville.
Trump has fired STB member Robert Primus ahead of the Union Pacific–Norfolk Southern merger review, drawing condemnation from rail unions, advocates, and with some warning of political interference.
CPKC and BNSF reject mergers, warning of risks that could affect supply chains.
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