Financially struggling YRC Worldwide, which collectively represents the second-largest group of carriers in the $43 billion less-than-truckload (LTL) sector, will benefit from closings and reduced capacity in the $340 billion full truckload (TL) market, analysts and top YRC officials are telling Logistics Management. “The year 2019 probably ended with close to 800 closings in the
United States rail carload and intermodal volumes saw annual gains for the week ending February 8, according to data issued this week by the Association of American Railroads (AAR). Rail carloads—at 232,116—fell 4.2% annually, trailing the weeks ending February 1 and January 25, at 241,339 and 232,217, respectively. AAR said that five of the ten
United States rail carload and intermodal volumes saw annual declines for the week ending January 18, according to data issued this week by the Association of American Railroads (AAR). Rail carloads—at 237,394—fell 8.4% annually and trailed the week ending January 11, at 239,11, and topped the week ending January 4 at 215,564. AAR reported three
Editor’s Note: This article will be update later in the day following an interview with XPO Chairman and CEO Brad Jacobs. Going back to its inception in 2011, Greenwich, Conn.-based XPO Logistics, a provider of global freight transportation and logistics services, made it clear it would build up and increase its market presence across myriad geographies,
United States rail carload and intermodal volumes saw annual declines in November, according to data issued this week by the Association of American Railroads (AAR). Rail carloads, at 955,579, slipped 7.5%, or 77,166 carloads, compared to November 2018. AAR said that three of the 20 carload commodities it tracks saw annual gains, including: stone, clay
