Due to the threat of Hurricane Irma, the Surface Transportation Board postponed a meeting scheduled for Sept. 12 to discuss CSX’s rail service woes this summer.
September 7, 2017Government, Business
Hurricane Irma Forces Postponement of Hearing Into CSX Service Woes
Business
Spot Market Skyrockets in Aftermath of Hurricane Harvey
In the days after Hurricane Harvey ravaged the Houston area, longhaul spot market prices tripled, in some cases, to between $5,000 and $10,000, according to conversations with truck drivers.
September 7, 2017Business, Safety, Logistics
Trucker on FEMA Run Endured Harrowing Highway Floodwater
Winston Mullings jumped into action after Hurricane Harvey to deliver to those in need, but the unimaginable happened in Houston: Floodwaters overpowered his truck on a major highway.
September 6, 2017Business, Logistics
C.H. Robinson Purchases Canadian Customs Broker, Freight Forwarder
C.H. Robinson has acquired Montreal-based Milgram & Co. for about $50 million, enhancing the U.S. company’s customs brokerage and freight forwarding options in Canada.
September 5, 2017Business
Driver Pay Shows Marginal Second-Quarter Growth
The National Driver Wage Index, which measures over-the-road driver pay, rose 0.9% year-over-year in the second quarter, but the index is likely to grow at a faster pace as truckload carriers experience the positive effects of economic growth and the electronic logging mandate on freight rates, according to the National Transportation Institute.
August 30, 2017Business, Logistics
Arrive Logistics Expands Chicago, Austin Offices to Accommodate Growth
Arrive Logistics will move to larger offices in Chicago and Austin, Texas, to accommodate the rapid growth in volume for the 3-year-old freight broker.
August 30, 2017Business
Equity Group Buys Majority Stake in Chemical Hauler Odyssey
A private equity group has reached a deal to become the majority owner of Odyssey Logistics & Technology, a third-party logistics company specializing in chemical transportation.
August 30, 2017Government, Business
About 114 Multiemployer Pensions in Deep Trouble
About 114 multiemployer pensions covering more than 1 million workers are due to run out of money within the next two decades, but the overall state of the system is healthy, according to reports from two actuarial consulting firms.
August 29, 2017Government, Business, Logistics
Surface Transportation Board to Examine CSX Service Woes
The Surface Transportation Board will hold a special session to listen to CSX Corp. and railroad shippers discuss service disruptions since May that have ratcheted up the animosity between the sides in a public war of words.
August 28, 2017Business, Equipment
Supply Chain Execs Explain Lessons Learned a Year After Hanjin Disruption
On Aug. 31, 2016, the Hanjin Shipping Co. shut its doors, filing for bankruptcy protection and kickstarting a series of problems for port authorities, truckers, cargo owners, freight forwarders and equipment providers to solve on the fly.
August 24, 2017