Long Beach, CA – In a momentous ceremony heralding a new era in U.S. transportation infrastructure, U.S. Secretary of Transportation Pete Buttigieg and a host of national officials convened on Thursday to commence the groundbreaking of “America’s Green Gateway” at the Port of Long Beach. This $1.567 billion initiative marks a pivotal investment aimed at…
The logistics industry in the USA and Canada is facing unprecedented challenges due to the recent recession. Dive into the impacts, trends, and future outlook for transportation and supply chain businesses in this comprehensive blog.
Norfolk Southern Corporation, a leading transportation company, has announced a groundbreaking $600 million agreement in principle to resolve a consolidated class action lawsuit stemming from the East Palestine derailment. The settlement, subject to court approval, marks a significant step in addressing the concerns of affected residents within a 20-mile radius of the derailment site. This…
In a strategic move to bolster cross-border transportation and meet the growing demand for freight services in Mexico, BNSF Railway (BNSF), GMXT (BMV: GMXT), and J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) have jointly unveiled an innovative intermodal service set to commence on January 1, 2024. This collaboration integrates the strengths of BNSF as North…
In September, there were year-over-year increases in both rail carload and intermodal volumes in the United States, according to recent data published by the Association of American Railroads (AAR). The total number of rail carloads for the month reached 921,716, reflecting a 2.3% annual growth, equivalent to 20,754 more carloads. When coal is excluded from…
