Plus: Feds probe fatal Florida crash tied to CDL failures, Trucking recession deeper than 2008 for some, Truckstop.com scoops up Denim for AI payments, and more.
FreightWaves contributor Adam Wingfield argues that trucking remains in a “Great Trucking Recession,” with suppressed rates, bankruptcies, and structural challenges hitting small carriers harder than 2008.
Truckstop.com acquired fintech firm Denim to expand AI-driven invoice automation and faster factoring options for carriers and brokers, aiming to improve cash flow and streamline back-office operations.
Union Pacific’s $85 billion Norfolk Southern merger and Hub Group’s $51.8 million Marten Intermodal deal signal major shifts in U.S. freight, raising questions on competition, costs, and capacity.
Union Pacific and Norfolk Southern are in early potential merger talks
Canadian rail operations to resume Monday amid labor dispute. Teamsters plan legal challenge despite government intervention.
9,000 railway workers locked out in Canada, risking $250M daily losses. Government orders arbitration to end dispute and restart crucial supply chains.
Ongoing disruptions at US-Mexico rail crossings lead logistics firms to seek alternative transport routes, including trucks and maritime solutions.
Union Pacific hits a revenue high despite a dip in carloads.
Intermodal rail makes a comeback in the U.S. market, and efficiency dynamics transform at Laredo Bridge.
Surprising patterns of North America's intermodal transport in 2023. Is this the new normal? Experts weigh in.
Cohesive surge in U.S. rail freight investments, infrastructural upgrades with a $1.4 billion grant, and stable rate expectations for 2024 highlight robust industry growth.
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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