The Surface Transportation Board approved the merger of Canadian Pacific Railway and Kansas City Southern Railroad in the nation’s first major rail merger since 1998.
March 15, 2023Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Kansas City Southern’s Sale to Canadian Pacific Approved
Railroads Warned About Car Flaw That Could Cause Derailments
OMAHA, Neb. — U.S. railroads were warned to take certain cars out of service March 9 after Norfolk Southern discovered loose wheels on a car involved in last weekend’s derailment in Ohio.
Trucking Critical to Port of Milwaukee’s New Export Facility
The Port of Milwaukee’s new $40 million agricultural maritime export facility not only marks its largest cash infusion since the 1950s, but also will open doors to more overseas markets using its multimodal infrastructure.
Uber Considering Spinning Off Freight Logistics Division
Uber Technologies Inc. is exploring whether to spin off its Uber Freight logistics arm in a sale or as a separate publicly traded company to streamline its focus on ride hailing and food delivery, according to people familiar with the matter.
March 9, 2023Trucking Titans Share M&A Tips
ORLANDO, Fla. — The market for buying and selling trucking companies was a hot topic at a recent industry trade show, so it’s little wonder that a discussion with three leaders who share recent experience on the issue drew a crowd.
NTSB to Investigate Safety at Norfolk Southern
In the wake of three high-profile freight train accidents within the last month, including one that caused environmental damage in East Palestine, Ohio, the National Transportation Safety Board announced March 7 it is opening a special investigation into the safety practices of Norfolk Southern Corp.
Global Supply Chains Back to Normal, N.Y. Fed Says
Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after COVID-19 was declared a pandemic.
French Shipping Giant CMA CGM Warns Demand Is Falling
French shipping giant CMA CGM SA warned of a steep drop in demand so far this year, extending a slump that led to a more than halving of quarterly profit.
Perspective: The Right Recruiting Impression
Amid the ongoing driver shortage, transportation companies must consider all the ways prospective and current drivers interact with their business, Atlas Logistics' Phil Wahl says.
Truck Makers Recruit Their Own Employees to Combat Driver Shortage
Stellantis NV and Renault SA are turning to their own ranks to tackle a shortage of truck drivers that’s leaving thousands of vehicles stranded away from dealerships and customers.