Union Pacific, Norfolk Southern merger approved by shareholders
The voting results mark a key milestone in the combination process, Norfolk Southern CEO Mark George said.
The voting results mark a key milestone in the combination process, Norfolk Southern CEO Mark George said.
Intermodal needs to put itself in a position where it can perform against trucking through all the stages of the economic cycle, writes analyst Larry Gross.
The new details clarify the role the two railroads will play in Schneider’s just-launched Fast Track product, which comes with a 95% on-time guarantee.
Dented consumer confidence, spurred by tariffs and inflation, has led to a drop in demand and shipments.
The company is leveraging its ground transportation network and airlift partners as it awaits inspections of its MD-11s, CFO John Dietrich said.
California is revoking 17,000 non-domiciled commercial driver’s licenses, while a US court has ordered a temporary stay on the US Department of Transportation’s new non-domiciled CDL rule.
The report lists 60 essential minerals, including rare earths, that would impose the highest cost to the U.S. economy if supplies were disrupted.
Whether for or against the UP-NS deal, a merged railroad would reshape the Chicago drayage market.
The carrier’s CEO also confirmed Gemini is mulling a price premium, which he forecast would be a “small three-digit number per TEU” to reflect the inventory cost savings customers achieve through the alliance’s consistent on-time delivery.
Partnering with Better Trucks, Uber is building a “middle-mile” network for last-mile deliveries as shippers seek lower-cost transportation solutions.