Celadon Auctioning Mexican Business
Celadon Group has asked a court to allow it to pursue a public auction for its Mexican businesses, with a deadline set for early summer. The most recent court filings are part of the U.S…
Tagged: Shippers
Brightoil Petroleum ‘Back in Business’
Brightoil Petroleum (Holdings) Limited said last month it is now “back in business,’’ having reached a settlement with the Vietnam-based trader Petrolimex which initiated a bankruptcy order against Brightoil over a $30 million debt. In…
Amazon Rolls Out Freight Brokerage
Amazon last month rolled out its freight brokerage operation nationwide, a strategic move that not only brings the company into competition with other large digital brokerages like Uber Freight and Convoy, but also is intended…
Truckers Liability Insurance Pinch
For independent trucking operators, the largest chunk of their insurance costs is liability coverage, which pays for injuries and property damage from a wreck. For over-the-road drivers, the Federal Motor Carrier Safety Administration (FMCSA) requires
Chemical Transporters Focus on Safety
As U.S. chemical production grows, chemical shippers and their partners refine their strategies to ensure trouble-free transportation, secure sufficient capacity, and navigate the regulatory landscape. Thanks to an improved economy, the U.S. chemical market has…
Walmart Working To Improve Shipping
Working with more than 100 outside carriers and brokers, Walmart is likely to be a shipper of choice for many already. But even one of the U.S. freight industry’s largest customers realized it could do…
Intermodal Network Drives U.S. Economy
America’s 21st-century economy rides on the back of a 21st-century intermodal network. Years in the making, this interconnected network of trucks, trains and cargo ships has turned competitors into collaborative partners, and benefited American consumers…
USDOT Approves Intermodal Grants
The U.S. Department of Transportation’s (USDOT) multimodal grants funding reached nearly $1.2 billion in the Consolidated Appropriations Act, 2019 agreement announced earlier this year. “While less than the $1.5 billion provided for USDOT’s Better Utilizing…
Backlog May Depress Imports, Economist Says
The surge of cargo that moved through U.S. ports in December increased both wholesale and retail inventories and “until that backlog is taken care of, it will likely depress container imports for the next couple…
Shippers Remain Optimistic, Analysts Say
Shippers and carriers of international freight remain optimistic about 2019 as the spot market starts to level off and a rate recession becomes a possibility for the trucking industry.
In a recent report on a…
