Class I railroad carrier CSX reported late yesterday that the company’s Chief Executive Officer and President E. Hunter Harrison is on medical leave, due to complications from a recent illness, and it added that COO James M. Foote has been named as acting CEO in the interim.
October’s Freight TSI reading of 129.2 marks a new all-time high, topping August 2017’s 129 by 0.2%, as well as the third all-time high set over the last four recorded months and the fourth in the last six recorded months.
Carloads, at 267,963, were up 3.4% annually, and intermodal containers and trailers rose 4.6% annually to 292,793 units.
The U.S. Chamber of Commerce is strongly lobbying to tweak – not trash – the North American Free Trade Agreement (NAFTA.) And it’s not just transport companies who are leading the charge within the Chamber, U.S. Business Roundtable and other Washington lobbyist heavyweights. But since the talks opened in August, the Trump administration – to…Details
2017 was a strong year for the equipment finance industry.
Now that trucking and transport interests are applauding what appears to be the first major cut in corporate taxes in 30 years, they are hoping the applause they are heaping on Republicans reverberates into a call to spending some of that money on improving the nation’s infrastructure woes.
Total November POLA volume came in at 924,225 TEU (Twenty-Foot Equivalent Units), which set a new record for monthly volumes in the port’s 110-year history, topping November 2016’s 877,564 TEU, and were up 5.3% annually. POLB November volume was up 14.7% annually at 612,659 TEU, with the first 11 months of 2017 coming in at…Details
Following a 0.4-cent decline last week, this week’s average dipped 1.2 cents to $2.910 per gallon.
October’s reading of 9.48 far outpaced September’s 3.5, with FTR explaining that a strong economy, combined with pressure from hurricane recovery and the ELD mandate, is creating a very tight market resulting in improved contract rates.
Less-than-truckload (LTL) transportation services provider YRC Worldwide Inc. reported this week that it is seeing decent gains in its operating data for certain metrics on a quarter-to-date basis for the fourth quarter.