Alberta’s beleaguered oil industry may get some relief from its persistent shipping bottlenecks in the second half of the year as producers strike deals with rail companies to move more crude.
April 26, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Alberta Drillers Near Deals With Railroads, Potentially Easing Oil Logjam
Echo Global Logistics Reports Revenue Surge in 1Q
Echo Global Logistics reported record revenue in the first quarter of 2018 and posted a profit, compared with a loss a year ago, as tight capacity drove more business to third-party transportation service providers.
Will Wabtec Acquire GE Transportation?
A flurry of reports over the past few days speculate that GE Transportation will be sold to a longtime supplier, Westinghouse Air Brake Technologies Corp., which does business as Wabtec Corp.
Port Group Urges Caution on Possible US-China Trade War
The American Association of Port Authorities has written to U.S. Trade Representative Robert Lighthizer urging the Trump administration to carefully consider the negative impact trade sanctions could have on the country’s ports and the trucking and transportation industries.
China’s Uber for Trucks Is Said to Raise $1.9 Billion in Funding
Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said.
CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp
Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.
XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts
XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.
April 24, 2018Litigation Dogs Lakeville Motor Express 15 Months After Minnesota Trucking Firm Shut Down
Pressures are mounting for the owners of the defunct trucking firm Lakeville Motor Express and its affiliates.
Trump Pushing Hard to Reach NAFTA Agreement
With critical political deadlines fast approaching, the Trump administration is racing to strike a deal on a revamped North American Free Trade Agreement by early May — with an eye toward forcing a congressional vote on a new pact by the end of the year.
Trump Says Mnuchin Going to China to Negotiate Trade in Days
Treasury Secretary Steven Mnuchin will depart for China to negotiate over U.S. trade disputes within days, President Donald Trump said.