Cold storage facility operator Americold Realty Trust reeled in expectations due to food production disruptions brought on by labor constraints and a continuation of COVID protocols. Americold (NYSE: COLD) lowered its full-year 2021 expectations. Adjusted funds from operations (FFO) are…
Ships today have navigational and communications aids that were almost unthinkable even 50 years ago, much less in the 1700s. Back then (and ever since) lighthouses signaled mariners as they approached land. Over the centuries, the beacons from lighthouses in…
Looking at what economists like to call the “headline numbers,” it seems to suggest that efforts to hire more over-the-road drivers in the trucking sector is yielding results. According to the Bureau of Labor Statistics data released Friday morning, seasonally…
A.P. Moller – Maersk further bolstered its position in the e-commerce space on Friday when it announced the acquisition of Visible Supply Chain Management (Visible SCM), a U.S.-based business-to-consumer, e-commerce logistics and parcel delivery company. Denmark-headquartered Maersk said the acquisition…
Shipping and package volume moved by the U.S. Postal Service declined by 14.1% year-on-year in its fiscal year 2021 third quarter as a surge in demand for package delivery services began to slow, the quasi-governmental agency said Friday. Revenue for…
Trucking, logistics and airfreight companies are collectively owed hundreds of thousands of dollars after a Texas freight forwarder filed Chapter 11 bankruptcy earlier this week. Atlantic Worldwide Shipping LLC of Houston filed its petition in the U.S. Bankruptcy Court for…
Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting trucking, transportation and weather. This week features a Colorado highway washed out by a major mudslide, a trucker who misjudged floodwaters, a wildfire that…
Like many fleet owners, Rick Larkin wants and needs more drivers. With two pay raises so far in 2021, he is willing to put his money where his mouth is. But Larkin, president of truckload carrier BCB Transport LLC, is…
U.S. rail traffic in July continued to be higher than July 2020, but that growth appeared to be moderating. The U.S. operations of the Class I railroads hauled 1.97 million carloads and intermodal units in July, a 3.8% increase year-over-year.…
Tristan Schelvan is learning firsthand the challenges the trucking industry faces as he works his way through college. “I want to use my education and experience to make an impact in the trucking industry’s future,” he said. “I want to…
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