‘Win-win’ CN deal bolsters NS merger case, expands intermodal options: UP
Union Pacific could provide faster transits through Chicago in addition to Canadian National dropping its opposition to the merger with Norfolk Southern.
Union Pacific could provide faster transits through Chicago in addition to Canadian National dropping its opposition to the merger with Norfolk Southern.
The carrier’s holiday surcharges, which apply across various shipping services, will be higher than they were last year.
The forwarder joins several other companies in the transport and logistics sector that have also raised their profit guidance following better-than-expected results.
Knight-Swift earnings, DAT pricing data and ATA freight volumes point to a market increasingly driven by tightening capacity rather than stronger freight demand.
The service had switched over to the Suez route in January before halting in early March when the Middle East war broke out.
Strong demand was offset by a sharp drop in transshipment volume as constraints in container handling infrastructure was exposed in the port’s performance.
The new ships are set to carry offshore wind components and Chinese-manufactured industrial cargoes including Battery Energy Storage Systems.
More than 180 warehouse employees will be impacted by the closure set for Nov. 15, however, production operations will continue.
The funding will result in four additional advanced semiconductor manufacturing facilities, bringing the company’s total in the U.S. to 12, the National Institute of Standards and Technology said.
Research by a technology vendor to global forwarders found that CargoWise’s major pricing model change last fall hasn’t yet resulted in major cost increases.