Norfolk Southern CEO Mark George says the railroad is ready for a fresh start after a painful 18-month period involving a derailment, an activist proxy fight and the ouster of his predecessor.
September 13, 2024Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
New Norfolk Southern CEO Calls Last 18 Months ‘Brutal’
Port of Long Beach Hits 113-Year High in Cargo for August
The Port of Long Beach once again saw record-breaking cargo numbers in August, port officials said Sept. 12.
September 13, 2024Loose Electrical Cable Found on Ship That Hit Key Bridge
BALTIMORE — Investigators working to pinpoint the cause of Baltimore’s Francis Scott Key Bridge collapse discovered a loose cable that could have caused electrical issues on the Dali.
September 13, 2024DSV Buys DB Schenker for $15.9B, Creating Logistics Giant
DSV, founded by 10 Danish truckers in the 1970s, has grown through a string of acquisitions in the fragmented transport industry, including buying targets that were larger than itself.
September 13, 2024Amazon to Boost Contract Driver Pay to Nearly $22 an Hour
Amazon.com Inc. plans to spend an additional $2.1 billion on its contract delivery program, including safety programs, training and additional pay for the contracting firms.
September 12, 2024FMC Chairman Breaks Down Post-Pandemic Supply Chain
FMC Chairman Daniel Maffei said the COVID-19 pandemic brought heightened awareness to supply chain issues and revealed what was working — and what wasn’t — across global shipping lanes.
September 12, 2024Industry Leaders Praise FLOW for Improving Freight Predictions
The transportation sector can better forecast freight trends when companies share information, according to stakeholders of an initiative aimed at facilitating that exchange.
September 12, 2024FTR: Truckload Spot Rates to Rise 6.5-7% in 2025
FTR Transportation Intelligence expects truckload spot rates to rise 6.5-7% in 2025, Vice President of Trucking Avery Vise said in a presentation.
September 12, 2024Norfolk Southern Fires CEO Alan Shaw
Norfolk Southern said Sept. 11 it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate.
September 12, 2024DSV Reported to Be in Advanced Talks to Buy DB Schenker
DSV A/S is in advanced talks to acquire Deutsche Bahn AG’s logistics unit DB Schenker in a $15.4 billion deal, people with knowledge of the matter said.
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