New York Republican Peter King Supports Pension Bill
Sen. Chuck Schumer (D) and Rep. Peter King (R) of New York announced their support for the Butch Lewis Act as an effort to save troubled multiemployer pensions such as the Central States Pension Fund and the New York State Teamsters Conference and Retirement Fund.
January 8, 2018Off-Site Chassis, Container Operations Can Improve Efficiency, Research Says
While it might seem counterintuitive on the surface, truck drivers are more efficient when some container and chassis operations are moved away from the main terminal, according to research unveiled at the Transportation Research Board.
January 8, 2018Real Estate Prices Soaring for Warehouses Near Ports, Intermodal Ramps
Real estate prices to build distribution centers near major marine ports and intermodal ramps jumped double-digits in 2017, according to commercial real estate firm CBRE, as demand outstrips supply due to a retail supply chain increasingly tied to e-commerce and speed.
January 8, 2018Ports, Railroads Tout Victories on the Tax Law to Their Industries
Like the trucking industry, the port authorities and Class I railroads believe the Tax Cuts and Jobs Act will benefit their modes of transportation, according to associations that represent them.
January 4, 2018New Tax Law Will Compel Trucking Companies to Analyze How to Adjust Their Business Models
From large carriers to single-truck fleets, many in the industry are analyzing how the federal Tax Cuts and Jobs Act will impact their income and are formulating strategies to adapt to the new rules — including the possibility of restructuring their companies, accountants said.
January 4, 2018Airfreight Prices From Europe Skyrocket in December
Airfreight rates between Europe and the United States surged in the final two months of 2017, hitting unprecedented levels in advance of the traditional volume spike from Asia that precedes the Chinese New Year in mid-February.
January 3, 2018Spot Market on Fire Starting 2018, Data Shows
The spot market begins 2018 red hot with some of the highest linehaul rates on record closing out December while load-to-truck ratios matched levels only seen in 2014.
January 3, 2018Private Equity Group Acquires Redwood Logistics, Will Merge With Simplified Logistics
Private equity group CI Capital Partners acquired a majority interest in Redwood Logistics, one of the top freight brokers in the United States.
January 3, 2018J.B. Hunt Estimates 4Q Revenue Will Grow More Than 10%
J.B. Hunt predicted earnings between $85 million and $90 million for the fourth quarter, a decline of 20-30% versus the final three months of 2016. Financial statements will be formally released Jan. 18.
December 28, 2017Death of CSX’s Hunter Harrison Prompts Questions about Health Disclosures
Former CSX Corp.CEO Hunter Harrison died less than one year into his four-year contract. Now questions are starting to arise about whether it was wise for the railroad to invest $84 million in the tycoon despite obvious health concerns.
December 27, 2017