Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.
October 17, 2016Search
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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.
Hanjin Bankruptcy Hits Long Beach Port Hard, But Los Angeles Left Unscathed
Container traffic at the two biggest West Coast ports was mixed in September, with a significant drop in Long Beach because of the Hanjin bankruptcy but a gain in Los Angeles, which had less exposure.
October 14, 2016Privately Owned Schneider Eyes Going Public; IPO Would Be Trucking’s First Since 2010
Schneider, the nation’s largest privately owned motor carrier and a major provider of intermodal transportation and logistics services, has decided to go public.
October 17, 2016Judge Signs Off on $28 Million Settlement Between Schneider, Truck Drivers
A $28 million settlement agreement between Schneider and a group of truck drivers who alleged the company did not properly offer them meal and rest breaks was approved this week by a California judge.
October 14, 2016Feds Want More Info on Proposed Great Lakes Basin Freight Railroad
The federal Surface Transportation Board wants to know how many trains would run on the proposed Great Lakes Basin Railroad and also wants more details on its planned connection to the South Shore Freight Railroad.
October 13, 2016Utility Trailer Opens Arizona Location
Utility Trailer Manufacturing Co. opened a new full-service dealer location in Tolleson, Arizona.
October 13, 2016Korean Court to Get Final Bids for Hanjin Assets by Early November
A South Korean court will receive bids by November on the sale of the marketing network of Hanjin Shipping Co.’s Asia-U.S. operations as part of efforts to raise funds for the indebted company.
October 13, 2016Fortress Said to Explore Sale of Florida East Coast Railway
Fortress Investment Group is exploring a sale of Florida East Coast Railway Corp., the coastal freight operator it took private in 2007, according to people familiar with the matter.
October 13, 2016Earnings Turmoil Deepens at Railroads as Trucks Poach Freight
Railroads lost cargo to trucks in the third quarter, adding to a yearlong slide in profits as demand tumbled for coal, oil and metals.
October 12, 2016European Package Carrier Expands in US With Purchase of Golden State Overnight
General Logistics Systems B.V., a parcel delivery firm based in Amsterdam and with operations throughout Europe, is expanding in the United States with the purchase of Golden State Overnight for $90 million.
October 12, 2016