As China’s car industry loses its shine, automakers are starting to buckle up for the downward slope with Hyundai Motor Co. announcing it is letting workers go and is reviewing production plans in the world’s biggest market.
January 25, 2019Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
FedEx Express Agrees to Buy International Business From Israeli Firm
FedEx Express is acquiring the international express delivery business of Flying Cargo Group, a company based in Israel that has been a service partner with FedEx since 1990, company officials announced Jan. 15.
January 25, 2019U.S. Xpress Moves to Divest U.S.-Mexico Trucking Operations
U.S. Xpress Enterprises has decided to cut back on its cross-border trucking operations, agreeing to sell its terminal in Laredo, Texas, along with 700 dry van trailers and divest its ownership of Xpress Internacional, a company based in Mexico that U.S. Xpress has operated since 2007.
January 24, 2019Government Shutdown Strains Emerge in US Air Travel System
The strain of a 34-day partial government shutdown is weighing on the nation’s air-travel system, both the federal workers who make it go and the airlines that depend on them. Air traffic controllers and airport security agents continued to work without pay — they will miss a second biweekly paycheck Jan. 25 — but high absentee rates raise the threat of long airport lines, or worse.
January 24, 2019Union Pacific, CSX, Reflect Solid Economic Growth
OMAHA, Neb. — The economy appears strong to the major freight railroads that haul the products and raw materials companies rely on, but the lingering trade disputes could derail business if they continue.
January 24, 2019Railcar Loads for Canadian Oil Hit Record Amid Pipeline Bottleneck
Heavy Canadian crude isn’t getting cheaper, but that hasn’t stopped companies from splurging on costly rail shipments.
January 24, 2019Mayors, Ambassadors Discuss Advancing NAFTA Replacement Deal
WASHINGTON — Officials representing the United States, Canada and Mexico expressed support for advancing the treaty that is meant to serve as a replacement for the North American Free Trade Agreement.
January 23, 2019Cloverleaf Cold Storage Enters Agreement to Merge with Zero Mountain
Cold storage warehousing company Cloverleaf Cold Storage has entered into an agreement to merge with Zero Mountain Inc., a cold storage warehousing and transportation company serving customers in Arkansas, according to a Jan. 7 press release.
January 22, 2019UPS Expands Keyless Apartment-Building Entry That Started in NYC
United Parcel Service Inc. is expanding a keyless-entry system for package deliveries at apartment buildings after a successful test in New York and San Francisco.
January 22, 2019Amazon Arrival Helps Chicago Rockford International Airport Break Cargo Record
ROCKFORD, Ill. — More than 2.1 billion pounds of cargo made its way through Chicago Rockford International Airport in 2018 — shattering the previous record, set in 2017, by 55%.
January 22, 2019