Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
The cleanup costs for Norfolk Southern's Ohio derailment have surged to $803 million, with additional expenses still under negotiation.
The cleanup costs following Norfolk Southern’s disastrous derailment in Ohio have more than doubled, totaling $803 million. The high expenses are due to the cleanup of released hazardous chemicals, legal fees, and assistance provided to the local community. Notably, the final amount is yet to be determined as negotiations for long-term health effects, home value decline, and water issues are ongoing. Meanwhile, the company expects to recoup some costs through insurance and lawsuits against other implicated parties.
Source: Transport Topics
But.? Who set the standards and regulations that allowed Norfolk Southern to operate. I see a regulatory bureaucracy that failed. Yet the bureaucacy disavows responsibility when their policies fail.
— Ken Rapp (@SentientKenRapp) July 28, 2023
Less-than-truckload carrier, Yellow Corp., has filed a $137 million lawsuit against the Teamsters union amid a severe financial crisis.
CPKC, CSX, and G&W are developing a new direct interchange in Alabama, aimed at creating a vibrant freight corridor connecting Mexico, Texas, and the U.S. Southeast.
A Panama Canal alternative: CPKC Railroad's innovative route through Mexico to reach key US hubs.
AAR's report on mixed rail volumes for July 2023 offers insights into the complex economic trends in the U.S., reflecting both optimism and caution.
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