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Fed Ex boost revenue behind premium parcel, freight volumes
2+ hour, 4+ min ago (331+ words) Federal Express Corp. earnings exceeded Wall Street expectations for the fiscal year fourth quarter, with premium business-to-business services driving most of the revenue growth and more than $1 billion in cost savings as a multiyear network restructuring fully takes hold." The…...
CSX officially opens $495 Baltimore intermodal rail tunnel project
12+ hour, 26+ min ago (639+ words) In Baltimore, CSX executives and a host of dignitaries inaugurated a $495-million rail tunnel project that's expected to boost intermodal container traffic at the city's port, and along the I-95 East Coast corridor. Maryland Governor Wes Moore was joined by state…...
After $450 M project, Port of Virginia goes deep to raise the bar among East Coast container gateways
1+ day, 5+ hour ago (271+ words) The Port of Virginia has officially established itself as home to the deepest commercial shipping channel on the U. S. East Coast, a milestone celebrated by Gov. Abigail Spanberger before an audience of more than 200 at Norfolk International Terminals. This inauguration of…...
FMCSA drops rule requiring trucks maintain printed ELD manual
1+ day, 5+ hour ago (462+ words) A small federal rule affecting drivers is being scrapped by the Federal Motor Carrier Safety Administration (FMCSA)." It was the second instance Monday of a Federal Register notice that made a minor change in regulation but one that does impact…...
FMCSA eliminates CDL violation self-reporting across US
1+ day, 9+ hour ago (455+ words) The Federal Motor Carrier Safety Administration has finalized a rule eliminating a long-standing requirement that commercial driver's license holders self-report traffic convictions to their state licensing agency. The new rule removed what many trucking stakeholders viewed as a redundant compliance…...
How long will this truckload market cycle last?
3+ day, 1+ hour ago (323+ words) The ASTVI in June 2023 was 10, 600, while the STRI sat just above 4%. The most recent weekly ASTVI reading averaged around 10, 450, with the STRI above 16%. This suggests carriers are roughly 1214% underserved relative to demand. It should also be noted that even in…...
Volvo and AVI-SPL launch driverless freight operations on Texas corridor
4+ day, 12+ hour ago (123+ words) This collaboration shows how autonomous transport can help reduce transit times, improve service, and meet the demands of time-sensitive, high-value freight," said Sasko Cuklev, head of on-road solutions at Volvo Autonomous Solutions. Autonomous transportation has the potential to significantly reshape…...
RBW Logistics acquires warehousing unit from World Group
5+ day, 8+ hour ago (219+ words) RBW Logistics expanded its national footprint with the acquisition of World Group's warehousing business. The strategic carve-out included the acquisition of World Distribution Services and Pacific Cascade Distribution. Financial terms of the transaction were not disclosed. "This is about building…...
Cassandra Gaines unveils trucking industry blueprint for carrier selection
5+ day, 12+ hour ago (527+ words) Carrier Assure founder and CEO Cassandra Gaines has released a new industry framework designed to help brokers, shippers and freight forwarders navigate one of transportation's most challenging questions: What constitutes a reasonable and defensible carrier-selection process? The framework, known as…...
C. H. Robinson launches Bid Board X to connect carriers with committed freight
6+ day, 4+ hour ago (395+ words) C. H. Robinson on Wednesday unveiled Bid Board X, a new self-service digital freight tool designed to give carriers direct access to committed freight opportunities while addressing shippers" persistent struggle to secure reliable coverage on critical lanes. The launch comes amid spot…...