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Explore the world of ground transport news - from trucks to railroads, intermodal connections, and port ties. Daily insights on US and global shipments.
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The latest
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News & Analysis
FreightCar America Profit Dives 89 Percent
John D. Boyd |
Profit at rail equipment maker FreightCar America fell 89 percent from a year earlier to $1.1 million in the July-September period as sales fell 77 percent to $55 million.
Rail News
J.B. Hunt, Norfolk Southern Ink Intermodal Deal
John D. Boyd |
Trucking and intermodal shipment operator J. B.
Rail News
North-American rail
Rail Traffic Dips at End of October
John D. Boyd |
New loadings of bulk railcar traffic declined mildly in the final week of October at major U.S.
Rail News
North-American rail
Fitch Negative on BNSF-Berkshire Hathaway
John D. Boyd |
Credit risk evaluator Fitch Ratings warned it may cut Berkshire Hathaway’s debt ratings over its $26 billion buyout of BNSF Railway.
Rail News
North-American rail
CIT Group Bankruptcy Affects Railcar Supplier
John D. Boyd |
The largest customer for railcar builder American Railcar Industries is now bankrupt, but ARI says it believes the equipment finance operations of CIT Group will continue as normal while the fleet own
Rail News
Court Approves Velocity Express Sale
Thomas L. Gallagher |
The United States Bankruptcy Court for the District of Delaware approved Nov. 3 the sale of time definite regional carrier Velocity Express to private investor Comvest Investment Partners.
Trucking News
LTL
American Railcar Profit Slides 85 Percent
John D. Boyd |
Freight railcar builder American Railcar Industries saw third-quarter profit fall 85 percent from a year earlier to $1.1 million, as sales dropped 64 percent to nearly $79 million.
Rail News
Traffic Slips at Short Lines
John D. Boyd |
Freight traffic slid 2.2 percent in the latest week at small North American railroads measured by the RMI RailConnect index.
Rail News
Con-way Says Used ‘Aggressive’ Pricing
JOC Staff |
Less-than-truckload carrier Con-way says it moved toward "more aggressive" price discounting in the third quarter than it normally uses and started hiring back workers to cope with tonnage g
Trucking News
LTL
S&P Positive on BNSF-Berkshire Hathaway
John D. Boyd |
A purchase of U.S. freight rail giant BNSF Railway by Warren Buffett’s Berkshire Hathaway could lead Standard & Poor's Ratings Services to upgrade its assessment of BNSF debt.
Rail News
North-American rail
Heavy Truck Sales Surge in October
JOC Staff |
Heavy truck sales surged in October, rising 117 percent year-over-year and 104 percent from September, as freight volumes showed signs of improving and carriers began a last-minute round of truck purc
Trucking News
Shippers Appeal to NY, Newark on Harbor Truckers
JOC Staff |
A broad group of retailers and other shippers called on the mayors of New York and Newark, N.J., to withdraw their support for changes in federal law that would allow local regulators to bar independe
Transport, Trade and Regulation News
Trucking labor
Quality Distribution Swings to Profit
Thomas L. Gallagher |
After losing $143.2 million in the second quarter, Quality returned to profit in the third quarter and improved upon last year’s third quarter profit.
Trucking News
Trucking Spot Market Up 10 Percent in October
JOC Staff |
Freight volume in trucking’s spot market rose 10 percent in October, said TransCore, which reported the first year-over-year increase this year in the TransCore Freight Index.
Trucking News
Truck brokers
Mediation Board to Change Representation Rules
JOC Staff |
The National Mediation Board proposed an amendment to its Railway Labor Act rules to provide that, in representation disputes, a majority of valid ballots cast will determine the craft or class repres
Transport, Trade and Regulation News
Trucking labor
Pacer Strikes New UP Deal
Bill Mongelluzzo |
Pacer International, seeking to settle a contracting issue central to the company’s intermodal business, announced Tuesday it reached a multi-year agreement with Union Pacific Railroad for new r
Rail News
North-American rail
Con-way Profit Drops 67 Percent
Thomas L. Gallagher |
Con-way profit fell by two-thirds in the third quarter from $40.5 million a year ago to $13.5 million in the three months ending Sept. 30.
Trucking News
Genesee & Wyoming Profit Inches Upward
Thomas L. Gallagher |
International short line operator Genesee & Wyoming earned a profit of $21.7 million in the third quarter, just 2 percent higher than in the same period a year ago.
Rail News
BNSF Deal Prompts Rush to Rails
John D. Boyd |
The planned purchase of BNSF Railway by Berkshire Hathaway underscores the value of railroads generally, according to Wall Street analysts.
Rail News
North-American rail
Clorox Ending Chlorine Use, Shipping
JOC Staff |
The Clorox Co. says it will stop using chlorine in its signature bleach product because of growing concerns over the safety and oversight of transporting the product on railroads.
Rail News
North-American rail
S&P, Wall Street Slap YRC Debt Swap
JOC Staff |
YRC Worldwide stock tanked on Wall Street this week as the company launched a debt-for-equity exchange one analyst compared to a “controlled bankruptcy.”
Trucking News
LTL
NS, Pennsylvania Expand Phila. Intermodal Yard
John D. Boyd |
Norfolk Southern Railway and Pennsylvania’s state government will spend $11 million to expand track and parking in the railroad’s Philadelphia Navy Yard intermodal facility.
Rail News
North-American rail
Logue Named President of FedEx Freight
JOC Staff |
William J. Logue, a veteran FedEx Express executive, will become president of FedEx Freight, the express giant’s $4.6 billion trucking arm, Dec. 1.
Trucking News
LTL
Berkshire Hathaway to Buy BNSF
JOC Staff |
Warren Buffett’s Berkshire Hathaway announced Tuesday it will buy the Burlington Northern Santa Fe railroad in a transaction worth an estimated $34 billion.
Rail News
North-American rail
Industrial Price Index Hits High for Year
Peter T. Leach |
The prices of the kinds of commodities that manufacturers around the world use to make industrial products hit a record high in the week at the end of October, according to the Industrial price Index
Transport, Trade and Regulation News
Forwarding
North-American rail
Diesel Climbs Fourth Straight Week
Thomas L. Gallagher |
The retail price of diesel rose seven-tenths of a cent last week, the fourth straight week of increases in the national average, according to the U.S.
Trucking News
YRC Worldwide Seeks $500 Million Debt-Stock Swap
JOC Staff |
YRC Worldwide will launch a debt-for-equity exchange offer this week that could wipe more than $500 million in debt from the financially-troubled trucker's books.
Trucking News
LTL
IRS Reverses FedEx Ground Ruling
JOC Staff |
An Internal Revenue Service decision to reverse a previous assessment that FedEx had misclassified some package delivery drivers marks a strong victory for the carrier and its use of independent contr
Air Cargo
Air Cargo Forwarder News
LTL
Profit Slips Steeply for Danish Trucker DSV
Bruce Barnard |
DSV, Scandinavia’s biggest trucking and logistics company, reported a steep decline in third quarter earnings but said it gained market share in its key ocean, air and land transport sectors.
Transport, Trade and Regulation News
LTL
YRC Worldwide Promotes Wicks to President
JOC Staff |
The board of YRC Worldwide named Chief Operating Officer Timothy A. Wicks president of the trucking giant last week, a vote of confidence in Wick's handling of the company's financial crisis.
LTL
Chicago Rail Program Awards $10 Million Contract
John D. Boyd |
A multi-year program to realign Chicago’s commuter and freight rail system issued its largest contract to date, a $10.4 million project that will double the rail capacity through the Stockyards
Rail News
UPS Shrinks to Match the Market
William B. Cassidy |
Stronger international lift and a pickup in next-day shipments took some of the sting out of the recession for UPS in the third quarter.
Transport, Trade and Regulation News
Trucking News
Air Cargo Forwarder News
Keeping Profits on Track
John D. Boyd |
The country may be crawling out of the worst recession in decades, and transportation companies along with their customers may be reeling from slack demand and “unsustainable rates,” but you wouldn’t
Transport, Trade and Regulation News
Rail News
Intermodal Leaders Muscle Up
John D. Boyd |
The U.S. intermodal market remains tough, but two of the industry’s biggest service providers are finding ways to build on their strengths.
Rail News
Carmack or COGSA, Round 2
R.G. Edmonson |
Five years ago, the U.S.
Transport, Trade and Regulation News
Rail News
Forwarding
Resetting Trucking’s Clock
William B. Cassidy |
Rules that govern how many hours a day truck drivers may spend behind the wheel may change again, perhaps before August 2011, as the federal agency that regulates motor carriers reconsiders whether tr
Transport, Trade and Regulation News
Trucking News
Asset Light, Profit Rich
William B. Cassidy |
Operating without its own equipment on the road appears to make C.H. Robinson Worldwide a tough target for the economic downturn.
Trucking News
Shifting the Load to Lower Costs
Bill Mongelluzzo |
Transloading volumes at West Coast ports are down, but importers’ interest in transloading is up as companies look to take cost out of their supply chains.
Forwarding
Rail News
YRC Says New Customers Are On Board
William B. Cassidy |
YRC Worldwide says it is gaining new customers even as it continues to lose some shippers, leading to "stabilization" of its customer base and improved yields, top company officials say.
Trucking News
LTL
YRC Regional Carriers Turn Profitable
William B. Cassidy |
YRC Worldwide’s regional carrier group reported a $293,000 profit, its first since the second quarter of 2008, largely driven by a turnaround at former USF regional carrier Holland, said YRC Wor
Trucking News
LTL
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