Paschall Truck Lines parent Interstate Personnel Services (IPS) announced Thursday the recent acquisition of dry van carrier Transport Distribution Co. (TDC) and a related business. Founded in 1985, Joplin, Missouri-based TDC provides regional service in the central U.S., including the…
Hampered by strict government border restrictions, Air Canada disappointed investors with a US$918.3 million loss in the second quarter, but the cargo division did better than expected with a record $274 million in revenue. Cargo sales for the period ending…
January was the peak sales month for online grocery sales, reaching $9.3 billion during the month, according to a Brick Meets Click/Mercatus Grocery Shopping Survey conducted Jan. 28-31. Sales in February started to fall, dropping 14% to $8 billion, and…
This week, we’re looking at a lot of industry experience being brought to bear on startups and a familiar SPAC sponsor that has recruited a former U.S. president to a board role that could help pick a merger target. Moving…
The bull-verus-bear showdown is present in markets at all times. Freight is no exception. Noel Perry, a longtime freight economist who works closely with the Transportation Intermediates Association and Truckstop.com, talks about the reasons for both arguments on this week’s…
Step inside the tribe on FreightWaves Insiders, the show that covers the career journeys and brand stories of the people who make freight happen. On this episode, Dooner catches up with FreightPlus CEO Stephen Aborn. Aborn started his career in…
What is a tire? “A tire is a ring-shaped component that surrounds a wheel’s rim to transfer a vehicle’s load from the axle through the wheel to the ground and to provide traction on the surface that the vehicle is…
The supply chain disruptions occuring within the international intermodal sector will likely persist through the end of the year, according to Union Pacific President and CEO Lance Fritz. UP (NYSE: UNP) has taken numerous actions to mitigate the impact to…
Comments closed this week on a notice of proposed rulemaking put forth by the National Transportation Safety Board, the government agency responsible for investigating transportation accidents, on the definition of drones and how that definition should be used to trigger…
The Surface Transportation Board is asking the Class I railroads to explain how they are addressing congestion within the international intermodal supply chain amid shippers’ reports about “sizeable” storage fees and the length of time containers are being held. STB…
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