DES MOINES, Iowa — Hot, dry weather has left the Mississippi River so low that barge companies are reducing their loads just as Midwest farmers are preparing to send corn and soybeans downriver.
September 18, 2023Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Low Mississippi River Limits Barges
Norfolk Southern CEO Promises to Keep Improving Safety
Norfolk Southern’s CEO pledged to continue working to improve safety after a consultant recommended making sure that safety is truly a priority at all levels.
Estes Express Offers $1.525 Billion for Yellow Terminals
Estes Express Lines upped the ante in the fight for 169 terminals owned by bankrupt Yellow Corp. ahead of a key Sept. 15 hearing, filing a revised stalking horse bid, court documents show.
J.B. Hunt Strikes Acquisition Deal With BNSF Logistics
J.B. Hunt Transport Services announced Sept. 14 that its transport subsidiary has entered into a definitive agreement to purchase the brokerage operations of BNSF Logistics.
Explosion at Union Pacific Railyard Prompts Evacuations
An explosion inside a container at a Union Pacific railyard prompted evacuations in western Nebraska on Sept. 14 because of the toxic smoke generated when one of the chemicals caught fire.
GXO Agrees to Buy PFSweb for First US-Based Acquisition
GXO Logistics announced Sept. 14 it has entered into a definitive agreement to acquire the high-end e-commerce order fulfillment platform PFSweb.
Port of Long Beach’s Hacegaba Sees Better Days Ahead in 2024
LONG BEACH, Calif — Port of Long Beach Chief Operating Officer Noel Hacegaba said the port is down nearly 27% year-to-date compared with 2022, but he believes business is turning around.
Nearshoring Boom Faces Growing Pains
The escalation of nearshoring this year has brought an increased need to bolster infrastructure investments and supply chain operations, according to experts.
Utility Trailer Teams Up With Germany’s Schmitz Cargobull
Utility Trailer Manufacturing Co. unveiled plans Sept. 11 for a joint venture with Germany’s Schmitz Cargobull Corp. that will be known as Cargobull North America.
Transportation Stakeholders See Slow Growth in 2024
LONG BEACH, Calif. — Shippers and transportation companies hope that the fall peak season pushes the industry out of the freight recession, an IANA Intermodal Expo panelist said Sept. 12.