A penny stock wiped $4.8B off C.H. Robinson's market cap yesterday. Plus: self-driving trucks are now running 1,000 miles nonstop, STG Logistics cleared a major bankruptcy hurdle, the FMCSA revoked nine ELDs, and more.
For a long time, secure parking lived in the “nice-to-have” bucket. That framing no longer works. In today’s environment, secure parking functions as a preventative security layer.
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Union Pacific hits a revenue high despite a dip in carloads.
Union Pacific Railroad is on an interesting track: its revenues have hit an all-time high of $23.2 billion in 2022, thanks to inflationary assistance. Carload volumes tell another story, shrinking significantly over the years. Even without coal, there's a 9% drop. Yet, UP isn't just sitting in the station.
Car velocity is chugging along 25% faster, while first and last mile services have edged up 2 points to 92%.
Can UP regain its lost carload volume? It's banking on intermodal gains to do just that.
Source: AP News | Trains.com
Plus: FMCSA broker pay rule takes effect, USA Truck returns to private ownership global trade slows; costs stay high
Plus: USDOT audits CDL oversight, truckers rally behind Trump’s emissions rollback, Amazon faces union pressure, and more in today’s newsletter.
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.
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