News
Norfolk Southern says outage impact could last weeks
Norfolk Southern (NYSE: NSC) says its systems are back online after an outage impacted the railroad’s operations on Monday. Service was restored around 7 p.m. Monday, according to a statement from the company, but the…
Weekly Fuel Report: August 29, 2023
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Trucking numbers in BMO earnings again show weakening credit performance
The weakening truck market had barely revealed itself in the quarterly earnings of major trucking lender BMO until its second fiscal quarter this year. But the third-quarter figures released Tuesday show a significant…
Scots government eyes up farm budget for further savings
Farmers Weekly More funding originally intended for Scottish farmers could instead be used to offset a £1bn shortfall in the Scottish government’s overall budget, it has emerged. This is on top of £33m that farmers and…
Mom and pops are taking significant share of trucking industry
Trucking is among the most fragmented industries on the planet. Growing up, I was told that there would be massive consolidation in the trucking industry following deregulation in 1980. Instead, the opposite has happened.…
Daily Infographic: CBP discovers 1st-in-nation pest
To view more FreightWaves infographics, click here The post Daily Infographic: CBP discovers 1st-in-nation pest appeared first on FreightWaves.
FreightWaves SONAR announces new revocations data
FreightWaves SONAR has added three new data sets to our vast array of market data. As we have watched the shift in capacity supply create low rejection rates while tender volumes remain relatively steady, it is increasingly…
Arla profits fall by 46% on year during first half of 2023
Farmers Weekly Inflation, adverse exchange rates, and falling dairy commodity prices have put pressure on margins at European dairy co-operative Arla. Arla made a pre-tax profit of €123m (£105m) during the first six months of…
Why Teamsters allowed 22,000 union jobs to vanish
Yellow, the third-largest trucking company in the less-than-truckload sector, filed for bankruptcy on Aug. 7. Now its former competitors are in a bidding war for its terminals and trucks. The company’s collapse put some…
Defra pushes back SFI launch to mid-September
Farmers Weekly Defra has delayed the launch of its Sustainable Farming Incentive (SFI) for eligible farmers in England to mid-September. Farmers Weekly exclusively revealed last Wednesday (23 August) that technical issues…
