Freight News
J.B. Hunt Transport Services Inc. reported third quarter net earnings of US$152.1 million, down early 19 percent from US$187.4 million in the year-earlier period.Operating revenue slipped 3 percent in the latest quarter to $3.07 billion, which the Lowell, Arkansas-based motor carrier said was primarily driven by:• Decreases in gross revenue per load in intermodal (5 percent) and intermodal (6 percent).• Declines in load volume in Integrated Capacity Solutions, or ICS ...
[+]
Transits of the Panama Canal dropped 29 percent in the Panama Canal Authority’s fiscal year 2024, which ended Sept. 30, reports Simon Heaney, Drewry’s senior manager, container research.Transits of the Central American cut-through reached 9,936 in FY2024, down 29.4 percent from the 14,080 transits in ...
[+]
Descartes Systems Group, a leading provider of on-demand, software-as-a-service solutions, said it has acquired Sellercloud, a provider of omnichannel ecommerce solutions.New-Jersey-based Sellercloud supports small and mid-market retailers, distributors, wholesalers, and manufacturers. Its Inventory Management Solutions and Order Management Solutions (IMS/OMS) help customers synchronize, plan and ...
[+]
U.S. Surface Transportation Board has approved applications from CSX Corp. and Canadian Pacific Kansas City, or CPKC, to acquire rail lines operated by Genesee & Wyoming Inc.’s Meridian & Bigbee Railroad.
The approval, effective Nov. 16, allows creation of a new direct CPKC-CSX interchange ...
[+]
The Oregon International Port of Coos Bay has been awarded a US$25 million U.S. Department of Transportation grant for the development of its Pacific Coast Intermodal Port, or PCIP.The funding, from the DOT’s Infrastructure for Rebuilding America program, or INFRA will support environmental compliance and ...
[+]
SeaPort Manatee is to receive US$9.5 million to jumpstart recovery from Hurricane Milton, Florida Gov. Ron DeSantis said Oct. 14.The emergency funding comes as fuel, food and other key goods are again beginning to flow from SeaPort Manatee to consumers throughout Southwest and Central Florida ...
[+]
Port Canaveral has signed an agreement with the Liebherr Group to acquire a third mobile harbor crane, a significant enhancement to its cargo handling capabilities.The 320-foot-tall Liebherr LHM 600, represents the latest addition from Liebherr's newly launched mobile harbor crane product line. It’s the third ...
[+]
Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busiest quarter on record, as shippers continued to move goods ahead of a labor contract deadline for East and Gulf coasts ports that resulted in a three-day strike at ...
[+]
The National Retail Federation, a leading voice for the retail industry, forecasts winter holiday spending to grow 2.5 percent to 3.5 percent over 2023, or US$979.5 billion to US$989 billion in total holiday spending in November and December, compared with US$955.6 billion in 2023.“The economy ...
[+]
Longshoremen launched an overtime strike at the Port of Montreal Oct. 10, possibly bringing delays to cargo moving through the port, as mediation is proposed.During the strike, between the Longshoremen’s Union CUPE, Local 375, and the Maritime Employers Association, the port’s terminals will remain open, ...
[+]
« Back
More »
