Canadian National won’t fight UP-NS merger under new deal
The deal would provide Canadian National with access to shipper sites that would face reduced Class I railroad offerings, pending STB approval.
The deal would provide Canadian National with access to shipper sites that would face reduced Class I railroad offerings, pending STB approval.
The reduction of two percentage points runs counter to the fuel fee increases other parcel carriers have installed in recent quarters.
The regional grocer is moving away from self-operated facilities and is actively developing long-term plans for the Missouri site, set to close in 2027.
The facility, which will service the southeastern U.S., is expected to start operations in early 2027 and create over 200 jobs.
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The funding will spur local infrastructure development at three of the 36 logistics hubs that the TradePort Corridor System aims to connect.
Spot truck rates from US ports are running slightly higher than national average prices, but the gap could grow in August as more imports flow inland.
Intermodal train speeds in June were down compared with a year ago for all North American railroads except for Canadian Pacific Kansas City.
BasicBlock’s deal for carrier dispatch and load board provider TrueNorth signals that owner-operators and small fleets need technology to find profitable loads.