FreightWaves - Spark Newswire

4 minute read

Israeli Aerospace Firm Launches Cargo Conversion Program for Airbus A330

Today, 3:32 AM

Israel Aircraft Industries (IAI) announced Monday it will develop a program for converting Airbus A330-300 passenger aircraft into cargo freighters and produce 30 of them for Dublin-based Avolon, the third-largest aircraft leasing company in the world, between 2025 and 2028.

ATSG

2 minute read

Legal
News

Unions Allege Norfolk Southern Job Cuts Saddled Engineers With Other Duties

By FreightWaves

Today, 3:32 AM

Two rail unions are alleging that Norfolk Southern has trimmed its workforce so deeply as a result of precision scheduled railroading (PSR) that it is now forcing some locomotive engin

NSC

4 minute read

AEO’s Acquisition of AirTerra Melds Separate Parcel Delivery Visions

By FreightWaves

Today, 3:32 AM

It took about 10 years for logistics industry veteran Brent Beabout to develop the concept behind AirTerra Inc., a Seattle-based parcel-delivery company that he founded in August 2020. But it took just 10 months in business for AirTerra to be acquired, and the company was taken out before it ever moved a package.

AEO

6 minute read

What Would a Vehicle Mileage Tax Mean for Ride-Share?

By FreightWaves

Today, 3:32 AM

Support it or oppose it, the federal excise tax on gasoline, more commonly referred to as the gas tax, isn't getting it done.

LYFT

4 minute read

CN, Canadian Pacific Foresee Lower Grain Volumes, Colder-Than-Normal Winter

By FreightWaves

Today, 3:32 AM

Colder weather and lower grain volumes are just some of the issues that Canadian railways CN and Canadian Pacific anticipate as winter approaches, according to the winter operational plans that both submitted to the Canadian government.

CNI

5 minute read

Rate Guidance Should Drive TL Estimates Higher, Morgan Stanley Says

By FreightWaves

Today, 3:32 AM

In a Monday note to clients, Morgan Stanley analyst Ravi Shanker identified three key themes for the third-quarter earnings season, which begins Oct. 15 when J.B. Hunt reports. Hurricane Ida's impact on the period, 2022 rate expectations and labor issues throughout peak season are the areas that will get the most attention, according to Shanker.

ARCB

3 minute read

Bezos Invests in Overseas Supply Chain Platforms Beacon and Ula

By FreightWaves

Today, 3:32 AM

Digital supply chain platform Beacon announced on Monday it has raised over $50 million in an oversubscribed Series B round led by Northstar.vc with participation from Upper90 and existing investors 8VC, Expa, Amazon (NASDAQ:

AMZN

1 minute read

Breaking: Marten Transport Falls Victim to Possible Cyberattack

By FreightWaves

Today, 3:32 AM

Wisconsin-based truckload carrier Marten Transport was targeted in an apparent cyberattack that knocked out its operating system around 2:30 p.m. CDT on Sunday, according to a source familiar with the matter.

MRTN

3 minute read

FedEx Express Drone Lands at Irish Port, Kicking Off Key Month of Testing

By FreightWaves

Today, 3:32 AM

The first drone delivery in a month-long trial in Ireland was completed last week by FedEx Express in collaboration with Future Mobility Campus Ireland Air (FMCI) consortium and drone operator Skyports.

GOOGL

5 minute read

Despite Exodus of Empty Containers, US Exports Are Hitting New Highs

By FreightWaves

Today, 3:32 AM

"Our largest export commodity continues to be air" is a frequent saying of Gene Seroka, executive director of the Port of Los Angeles. That's certainly true at his port, where exports are containerized. Far more empty boxes leave than full ones, so they can be reloaded quickly in Asia.

FLNG