Download Digest INDUSTRY NEWS Import contingency plans are in full swing as C-19 restrictions are put into place to stop the spread of C-19 at south China ports of Yantian, Shekou and Nansha. The Yantian International Container Terminals in South China are creating disruptions that exceed the impact of the six day Suez Canal blockage. […]
Download Digest INDUSTRY NEWS On the resource side, the U.S. added 266,000 payroll jobs in April. The call to discontinue the Federal supplement to unemployment insurance is spreading. In addition, reinstatement of work search requirements are being activated. As reported by the U.S. Department of Labor, the number of job openings reached a high of […]
Download Digest Industry News Carrier 2020 Q4 earnings reports have been positive as 2020 ended strong with XPO reporting its highest quarterly revenue at $4.67 billion. LTL motor carrier SAIA reported net income of $40.2 million while truckload carrier Werner posted a 25% jump in net earnings to $60.6 million. Jumping to maritime financial news, […]
WHAT TO WATCH FOR IN 2021 AS WE WIND DOWN 2020 Download Digest • Federal Motor Carrier Safety Administration’s Drug and Alcohol Clearinghouse reported positive test results for 46,000 drivers through October. To date, less than 10% of the drivers who tested positive have completed the return to work process after testing positive for drugs. […]
Industry News Download Digest YRC Worldwide (YRCW), parent to YRC Freight and regional LTL carriers Holland, New Penn and Reddaway, announced the U.S. Treasury will provide a loan of $700 million under the CARES Act. The loan agreement calls for the U.S. Treasury to receive 29.6% equity ownership in YRCW. Class 8 retail truck sales […]
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