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Union Pacific Profit Tops Reduced Estimates

Union Pacific Corp. reported profit that topped analysts’ estimates, which had been adjusted down in the last month, as the railroad leaned on efficiency to make up for lower carloads and higher labor costs.

October 19, 2023

Convoy Shuts Down After Failing to Find Buyer

Digital freight network Convoy Inc. was forced to shut its doors after no viable options to continue operations emerged, CEO Dan Lewis said in an Oct. 19 memo to employees.

October 19, 2023

Buttigieg Promotes Grants to Boost Miami Port’s Supply Chain

Transportation Secretary Pete Buttigieg underscored at the Port of Miami how two federal infrastructure grants will strengthen the supply chain with better cargo gate access for trucks.

October 18, 2023

J.B. Hunt Q3 Profit Slides 30.4% Year-Over-Year

J.B. Hunt Transport Services posted a 30.4% year-over-year decrease in profits in the third quarter, undershooting analyst expectations as revenues declined at each of the carrier’s operating units.

October 17, 2023

Broken Rail May Have Caused Derailment That Killed Trucker

A broken rail caused a train derailment that collapsed a bridge over I-25 in Colorado, killing a truck driver, federal authorities said Oct. 17, based on their preliminary investigation.

October 17, 2023

Iowa Extends Overweight Loads Limit Until Nov. 11

Iowa Gov. Kim Reynolds has extended through Nov. 11 the state’s seasonal grain harvest proclamation allowing overweight loads for vehicles transporting agricultural products. 

October 17, 2023

Flexport Lays Off 165 Employees

Freight logistics company Flexport has laid off 165 employees from its Bellevue, Wash., office, part of broad job cuts that will impact 20% of the workforce.

October 17, 2023

Camera Rule Slammed Because It Doesn’t Include Freight Rail

Passenger railroads will be required to install video recorders inside locomotives, but the rule excludes freight trains like the one that derailed and caught fire in East Palestine, Ohio.

October 12, 2023

GSA Is Moving Ahead to Rebuild Two Maine Land Ports of Entry

Two freight land ports from Maine to Canada are getting closer to being revamped as part of the U.S. General Services Administration's $3.4 billion infrastructure investment fund plan.

October 12, 2023