STB response on UP service limited; agency won’t delay arbitration program
The Surface Transportation Board and Chairman Marty Oberman recently responded to several rail shipper-related issues before the board: Oberman responds to Midwest lawmakers about UP’s service Oberman acknowledged the frustration that members of Congress from the Midwest had over Union Pacific’s recent weather-related embargo, but he did not commit to hosting a hearing on the […]
Sanctions effect begins: Crude tankers forced onto longer voyages
Tanker investors have been getting cold feet this winter. Spot rates are down sharply from November and stocks are off earlier highs. Yet the bullish tanker thesis — war-induced trade inefficiencies, post-COVID reopening, new vessel capacity that’s about to fall off a cliff — hasn’t changed. After spot rates “began to ease from highs that […]
Running on Ice: Florida makes headlines again
Hello, and welcome to the coolest community in freight! Here you’ll find the latest information on warehouse news, tech developments and all things reefer madness-related. I’m your controller of the thermostat, Mary O’Connell. Thanks for having me! All thawed out Jim Allen/FreightWaves Whether you believe that reefer units are smart depends on who you ask. […]
Ex-trucking co-owner sentenced for bank fraud, facing livestock neglect charges
The former co-owner of an Iowa trucking company was sentenced Tuesday for his role in orchestrating an elaborate $250,000 check kiting scheme and is also facing unrelated charges in state court that he allowed more than 800 pigs to starve or freeze to death in his care in December 2021. Nolan DeWall, 39, of Cedar […]
Norfolk Southern’s industrial development investments valued at $3.2B
Norfolk Southern’s partnership with 120 companies at the railroad’s industrial sites generated about $3.2 billion in investment in 2022. The investments were for 159 projects to expand operations or create new facilities along NS’ network, the railroad said Thursday. NS (NYSE: NSC) has more than 825 development-ready industrial sites available, as well as approximately 300 […]