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Private Equity Gets Rare Support From Union on Schenker Sale

Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.

August 30, 2024

What's That? NMFC

The NMFC system defines standard freight classes for carriers to measure the "transportability" of goods. It sorts freight into several categories, which are continuously amended by the National Motor Freight Traffic Association, Inc. (NMFTA).

August 29, 2024

Tornado Derails 43 BNSF Train Cars in North Dakota

STEELE, N.D. — Strong winds knocked nearly four dozen train cars off a track in North Dakota, part of a storm system that spurred reports of five tornadoes across the Dakotas.

August 29, 2024

Canadian Rail Operations Back on Track After Work Stoppage

Canadian railway operations have resumed after a brief work stoppage, following government intervention in an ongoing labor dispute.

August 29, 2024

July Port Container Volumes Jump Amid Early Holiday Season

U.S. ports are reporting record gains for this time of year with volumes being boosted by school supplies and an earlier-than-normal peak shipping season.

August 28, 2024

Train Movements in Canada Close to Normal

Train movements at Canadian National Railway and Canadian Pacific Kansas City are almost back to normal after a short lockout of unionized workers, according to data provider RailState.

August 28, 2024

FRA Report Says BNSF Safety Held Back by Industry Issues

BNSF is generally striving to improve safety, but that message doesn’t always reach workers who often don’t feel comfortable reporting safety concerns, according to an assessment.

August 28, 2024

Panama Canal Eases Limits That Caused Shipping Bottleneck

The Panama Canal is lifting restrictions that caused a global shipping bottleneck as water levels normalize after a severe drought.

August 27, 2024

Peterbilt 579 EV to Transport Honda Vehicles in Alabama

A Peterbilt 579 EV developed to transport newly built Honda vehicles from the company’s Lincoln, Ala., plant was unveiled Aug. 26 after a yearslong development process.

August 27, 2024