Canadian Pacific Railway Ltd. declined to increase its offer for Kansas City Southern and urged the U.S. railroad instead to reject Canadian National Railway Co.’s higher bid because of regulatory risks.
May 20, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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CP Rail Declines to Boost Offer, Urges KC Southern to Drop CN
China Bill to Include $52 Billion for U.S. Chip Manufacturing
The Senate will include $52 billion to bolster domestic semiconductor manufacturing in a broader bill to enhance U.S. competitiveness with China, Senate Majority Leader Chuck Schumer said.
For Freight Brokers, Managing Data Key as Volume Grows, Experts Say
Artificial intelligence and machine learning are two expanding means logistics companies can use to gather and process tremendous amounts of data surrounding freight shipments.
Tonnage in April Rises 6.9% Year-Over-Year
Truck tonnage in April increased a seasonally adjusted 6.9% compared with year-ago levels, according to American Trucking Associations' For-Hire Truck Tonnage Index.
The World Economy Is Suddenly Running Low on Everything
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up.
May 17, 2021Rail Industry Defends Safety Record Amid Staffing Cuts
OMAHA, Neb. — Even as railroads are operating longer freight trains that sometimes stretch for miles, the companies have drastically reduced staffing levels, prompting unions to warn that moves meant to increase profits could endanger safety and even result in disasters.
EU, US Reach Truce on Metal Tariffs Ahead of Biden Visit
The European Union agreed to avoid escalating its dispute with the U.S. over metal tariffs, sparing iconic products such as bourbon whiskey and Harley-Davidson motorbikes from a doubling of EU duties next month.
XPO Logistics Names More Leaders for Spinoff GXO
XPO Logistics Inc. announced last month two additional leaders associated with its planned spinoff business GXO Logistics.
May 14, 2021Mississippi River Reopens, Freeing Over 1,000 Stuck Barges
The U.S. Coast Guard has reopened the Mississippi River to maritime traffic, ending a shutdown that stranded more than 1,000 barges on the key conduit for agriculture exports.
May 14, 2021Lawmakers Back $8 Billion for Electric USPS Vehicles
House lawmakers advanced language authorizing $8 billion for the U.S. Postal Service to buy more electric vehicles as the agency modernizes its aging fleet.