General News
Norfolk Southern Urges Shareholders to Reject Takeover Plan
OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.
National Average Diesel Price Falls 5.1¢ to $4.058 a Gallon
The national average for a gallon of diesel fell by 5.1 cents the week ending Feb. 26, the largest drop this year, according to data released by the Energy Information Administration.
House Launches AI Task Force
To assist policy panels with an in-depth understanding of artificial intelligence technology, House leaders recently created a bipartisan task force.
FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal
The Federal Trade Commission, eight states and Washington, D.C., sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. on Feb. 26.
Crossword Puzzle Solution for February 26, 2024
Here's the solution to the crossword puzzle found in the February 26, 2024 print edition.
Equity Guides Initiatives at USDOT
Capitol Agenda: The Biden administration is pursuing equity strategies as part of the Infrastructure Investment and Jobs Act’s labyrinthine implementation.
Ford Pauses F-150 Lightning Shipments
Ford Motor Co. has paused shipments of the 2024 F-150 Lightning pickup truck as part of a longer-than-expected quality check process.
Port of Baltimore Hit Cargo Record Last Year
The Port of Baltimore hit records for handling cargo last year, state officials said, showing a rebound from global supply chain difficulties and disruptions during the pandemic.
Investors Flee Tumbling EV Upstarts
Investors have all but thrown in the towel on shares of EV startups Rivian Automotive and Lucid Group.
Shortage of Oil Tankers at Hand
Warnings from the oil tanker industry that too few of the ships are being built are haunting the market after Houthi attacks on shipping caused widespread diversions in petroleum trades.
The Changing Tides of Transportation Procurement
Shippers are changing how they procure freight capacity. Long-term contracts are losing popularity in favor of shorter contracts that net them more flexibility than ever before.
Wisconsin, Indiana Pass Bills Targeting Lawsuit Abuse
Wisconsin and Indiana have passed reform legislation that targets lawsuit abuse against the trucking industry,
Flexport Resurrects Convoy Services With New Tech Platform
Flexport launched a new technology platform that offers global shippers access to a trucking capacity marketplace of small carriers and owner-operators, the company announced Feb. 22.
Southwest Airlines Ground Workers Reach Deal for Pay Bump
Southwest Airlines has reached a contract with its ramp, operations, provisioning and freight agents that’ll give workers an average pay increase of over 18%.
California’s Inland Empire Warehousing Industry Declining
Southern California's Inland Empire is facing a steep downturn in employment and growth in its once-booming warehousing and logistics industry, brought on by unstable market conditions.
Wireless Charging for EVs Is Inching Closer to Reality
Multiple startups have spent years working toward a world in which wireless EV charging goes mainstream, and as adoption picks up, momentum is building to make that dream a reality.
Shipping Giant CMA CGM Posts Loss as Red Sea Conflict Rages
CMA CGM SA posted its first quarterly loss in four years as the shipping industry struggles with the conflict in the Red Sea and the specter of overcapacity.
Recruiting Leaders Say Demand for Truck Drivers Still Strong
NASHVILLE, Tenn. — Most companies attending the Recruitment & Retention Conference say they have held on to their human resource professionals as trucking endures the freight recession.
GM’s Cruise Prepares to Resume Robotaxi Testing After Halt
GM’s Cruise autonomous unit is nearing the resumption of testing in the coming weeks, with Houston and Dallas emerging as potential locations, according to people with knowledge of the matter.