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Maersk Is Heading for Biggest Profit in Danish History

A.P. Moller-Maersk A/S is heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country, Denmark.

September 21, 2021

FedEx Sets Rate Increase, Cites Challenging Operating Environment

FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a “challenging operating environment.â€

September 21, 2021

Biggest US Port Complex to Work Nights, Weekends to Cut Logjam

Ports operating in the U.S.’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes.

September 17, 2021

Union Pacific CEO Sees Strong Economy Coming Out of Pandemic

Union Pacific CEO Lance Fritz is working to help clear up a major backlog in imported shipments.

September 17, 2021

CN Rail Targets Cost Cuts, Share Buybacks to Fend Off Shareholder Revolt

Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.

September 17, 2021

Ship Owner Says Commodity Freight Rates Close to Going Parabolic

An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring an unprecedented surge in costs for transporting manufactured goods.

September 16, 2021

Worker Shortage Adds to Supply Chain Snags, Caterpillar CEO Says

Caterpillar Inc. is having a tough time getting the materials it needs from suppliers facing a labor crunch, adding another hurdle for the machinery maker already has said a global chip shortfall may keep it from fully meeting demand this year.

September 15, 2021

CN Rail Walks Away From K.C. Southern, Ending Takeover War

Canadian National Railway Co. declined to increase its offer for Kansas City Southern after a monthslong takeover battle, ceding to Canadian Pacific Railway Ltd. a prize that would create the first railroad spanning the U.S., Canada and Mexico.

September 15, 2021

Intermodal Freight Industry Ponders Investment in Resilience

LONG BEACH, Calif. — The intermodal freight industry is debating how much it should invest in infrastructure and other expenditures to build resiliency in the face of disruptive shocks such as the COVID-19 pandemic.

September 14, 2021

Intermodal Needs Greater Cooperation to Remove Bottlenecks

LONG BEACH, Calif. — Surging U.S. import demand combined with years of underinvestment have thrown intermodal shipping so far out of balance that it will take years to return to an equilibrium the industry considered normal, an expert panel told attendees at the Intermodal Association of North America’s Intermodal Expo.

September 14, 2021