Sang H. Yi appointed acting head of the Maritime Administration (MARAD). Yi has a background in Congress, intelligence, and the U.S. Merchant Marine Academy. MARAD's responsibilities include managing ...
The UPS pilots’ union is helping members and families of the victims cope with last week’s tragic plane crash.
The FAA temporarily grounded all MD-11 freighter aircraft for inspections following a fatal crash of a UPS MD-11 in Louisville, Kentucky. The grounding was prompted by an incident where the left-wing ...
Universal Logistics Holdings reported a significant Q3 net loss of $74.8 million, primarily driven by an $81.2 million noncash impairment charge in its intermodal segment due to reduced demand. Even ...
Surface Transportation Board (STB) nominees Richard Kloster and Michelle Schultz assured senators they would impartially judge Union Pacific’s proposed acquisition of Norfolk Southern based solely on ...
J.B. Hunt's Q4 earnings per share fell short of expectations primarily due to significantly increased insurance costs, totaling a 43-cent headwind. Intermodal volumes showed positive growth, up 6.5% ...
Dry van contract rates have remained largely flat despite capacity exiting the market faster than demand declines, while spot rates have seen modest increases but often remain unprofitable for ...
"Nuclear verdicts"—extremely large jury payouts often exceeding $100 million—are increasingly common in the trucking industry, driving up insurance costs and threatening fleet stability. Fleet leaders ...
Drought conditions at the Panama Canal have caused a significant reduction in daily reservation slots, leading to drastically increased wait times for ships without reservations. Wait times for both ...
DOT Secretary Duffy announced a significant expansion of enforcement, now targeting shippers in addition to trucking companies (carriers) for enabling non-English-proficient commercial truck drivers.
Interstate Personnel Services (IPS) has acquired J&R Schugel (JRS), uniting two 100% employee-owned transportation companies after an overwhelming vote by their employee owners. The acquisition ...
During a press conference on commercial driver’s license (CDL) enforcement, U.S. Transportation Secretary Sean Duffy responded to a reporter’s questions about the truck driver shortage and the ...