A $28 million settlement agreement between Schneider and a group of truck drivers who alleged the company did not properly offer them meal and rest breaks was approved this week by a California judge.
October 14, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Judge Signs Off on $28 Million Settlement Between Schneider, Truck Drivers
Hanjin Bankruptcy Hits Long Beach Port Hard, But Los Angeles Left Unscathed
Container traffic at the two biggest West Coast ports was mixed in September, with a significant drop in Long Beach because of the Hanjin bankruptcy but a gain in Los Angeles, which had less exposure.
October 14, 2016Fortress Said to Explore Sale of Florida East Coast Railway
Fortress Investment Group is exploring a sale of Florida East Coast Railway Corp., the coastal freight operator it took private in 2007, according to people familiar with the matter.
Utility Trailer Opens Arizona Location
Utility Trailer Manufacturing Co. opened a new full-service dealer location in Tolleson, Arizona.
October 13, 2016Korean Court to Get Final Bids for Hanjin Assets by Early November
A South Korean court will receive bids by November on the sale of the marketing network of Hanjin Shipping Co.’s Asia-U.S. operations as part of efforts to raise funds for the indebted company.
CSX’s Net Income Falls 10%
CSX Corp.'s net income fell 10% to $455 million, or 48 cents per share in the third quarter, hurt by declines of 8% in both volume and revenue.
October 13, 2016Feds Want More Info on Proposed Great Lakes Basin Freight Railroad
The federal Surface Transportation Board wants to know how many trains would run on the proposed Great Lakes Basin Railroad and also wants more details on its planned connection to the South Shore Freight Railroad.
Port of Long Beach Container Volume Drops on Hanjin Bankruptcy
The consequences of the Hanjin Shipping bankruptcy have led to a decline of 17% in cargo at the Port of Long Beach, California, the second-largest U.S. port and the largest port of call used by the ocean carrier.
October 12, 2016Norfolk-Southern Hopes to Expand Pennsylvania Rail Yard
A local freight transfer company plans to expand its operations at the Norfolk-Southern railroad yard in Taylor, Pennsylvania, creating at least 20 jobs, officials said Oct. 11.
Earnings Turmoil Deepens at Railroads as Trucks Poach Freight
Railroads lost cargo to trucks in the third quarter, adding to a yearlong slide in profits as demand tumbled for coal, oil and metals.