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Keyword: freight

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  • YRC Gives Government 30% Stake In Latest Bailout (for $700 million loan)

    07/01/2020 12:39:44 PM PDT · by Perseverando · 11 replies
    Yahoo Finance ^ | July 1, 2020 | Benzinga
    YRC Worldwide (NASDAQ: YRCW) unveiled plans of a new $700 million lending agreement with the U.S. Department of the Treasury, which in turn will receive a stake of nearly 30% in the company. The July 1 press release outlines the latest lifeline for the less-than-truckload (LTL) carrier. The loan comes from a federal lending program under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is intended to help businesses survive the economic downturn caused by COVID-19 and maintain employment for their workers. The lending agreement will allow YRC to repay recently deferred health and welfare and pension...
  • 10,800 Assault Weapons Parts Seized by CBP in Louisville

    06/29/2020 5:05:09 AM PDT · by ptsal · 25 replies
    U.S. Customs and Border Protection ^ | 26 June 2020 | U.S. Government
    LOUISVILLE, Ky—At the Express Consignment Operations hubs in Louisville U.S. Customs and Border Protection (CBP) officers seized a shipment from China that contained over 10,000 Assault Weapons parts being smuggled into the country.
  • U.S. freight railroads log another dramatic decline in traffic

    05/15/2020 7:26:25 PM PDT · by buckalfa · 25 replies
    Progressive Railroading Magazine ^ | May 14, 2020 | Progressive Railroading Magazine Staff
    U.S. freight-rail traffic plunged 22.1 percent to 412,549 carloads and intermodal units during the week ending May 9 compared with the same week a year ago, Association of American Railroads (AAR) data shows. Railroads logged 185,144 carloads, down 28.4 percent, and 227,405 containers and trailers, down 16 percent. None of the 10 carload commodity groups that AAR tracks on a weekly basis posted increases. Among the commodity group decreases posted during the week, coal was down 34,111 carloads to 46,515; motor vehicles and parts were down 14,876 carloads to 2,108; and metallic ores and metals were down 7,513 carloads to...
  • Study: Proposed Pittsburgh-Cleveland-Chicago hyperloop would be highly profitable

    12/20/2019 5:39:00 PM PST · by Tolerance Sucks Rocks · 66 replies
    The Pittsburgh Post-Gazette ^ | December 17, 2019 | Pittsburgh Post-Gazette
    Development of a proposed hyperloop transportation system linking Pittsburgh, Cleveland and Chicago would not only be a boon to communities along the travel corridors but also would be a strong business investment. That’s the conclusion of a 157-page feasibility study released Monday in Cleveland by the Northeast Ohio Areawide Coordinating Agency and Hyperloop Transportation Technologies Inc., a California-based company developing the technology to move passengers and freight at more than 500 mph through low-pressure tubes. Consultant Transportation Economics and Management Systems performed the $1.3 million study of the proposed Great Lakes Hyperloop System. For the first time, the study estimated...
  • PennDOT P3 Project Will Address I-81 Improvements

    12/15/2019 7:53:22 AM PST · by Tolerance Sucks Rocks · 14 replies
    Transport Topics ^ | December 10, 2019 | Transport Topics
    Leaders within the Pennsylvania Department of Transportation have approved a public-private partnership to reconstruct a portion of Interstate 81. PennDOT’s P3 Board approved the project, which will involve the reconstruction of a 4.5-mile section of the route near Wilkes-Barre, on Dec. 4. Wilkes-Barre, the seat of Luzerne County in northeastern Pennsylvania, is 20 miles southwest of Scranton. The project will involve widening a portion of I-81 to three lanes in both directions, realigning 2.5 miles of southbound interstate and replacing eight bridges. Other safety measures include eliminating a left-hand exit and improving a substandard weave distance between two routes that...
  • Ohio planners looking at a 30-year timeline for hyperloop project between Pittsburgh and Chicago

    10/18/2019 8:37:05 PM PDT · by Tolerance Sucks Rocks · 38 replies
    The Pittsburgh Post-Gazette ^ | October 17, 2019 | Ed Blazina
    Ohio planners will move full speed ahead on a proposed hyperloop system that would carry passengers between Pittsburgh and Chicago in about 58 minutes for a one-way cost of about $93. But the full system, known as Mid-West Connect, probably wouldn’t be finished until about 2050. Thea Walsh, director of transportation and funding for the Columbus, Ohio-based Mid-Ohio Regional Planning Commission, said this week the agency is putting the finishing touches on feasibility and environmental impact studies but has concluded it should pursue the hyperloop system. The system being developed by Virgin Hyperloop One would move passengers and freight in...
  • $2 million study looks at hyperloop – 700 mph transit – that would cross Pennsylvania

    10/13/2019 8:19:47 PM PDT · by Tolerance Sucks Rocks · 63 replies
    The Patriot-News ^ | September 26, 2019 | Jana Benscoter
    Will a hyperloop work in Pennsylvania? That’s the question officials from legislative and executive branches, statewide agencies, organizations and departments, as well as a handful of private business leaders are trying to answer. Fifty people, invited to a workshop at Dixon University in Harrisburg on Wednesday, met to talk about the possibility of building a hyperloop system in the commonwealth. The Pennsylvania Turnpike Commission has until April 2020 to complete a $2 million state-legislative commissioned study on its viability. Media wasn’t permitted to attend the invitation-only meeting. According to the turnpike’s research, a hyperloop combines a magnetic levitation train and...
  • Why is Europe so absurdly backward compared to the U.S. in rail freight transport

    10/07/2019 5:25:12 AM PDT · by Gamecock · 68 replies
    Freight Waves ^ | 10/5/2019 | Vishnu Rajamanickam
    Over the last couple of months, major container lines and alliance carriers have been blanking several of their headhauls from Asia to Europe, citing weak peak season demand. Since July 2019, seasonal rates have been consistently lower year-on-year with container prices in China to North Europe lanes moving lower; there was a 21% decline this month compared to October 2018. Container lines blank their headhauls because it helps them marginally stabilize the declining container spot rates. However, this would come at the expense of North America, as every vessel withdrawn from the European market will mean a lost backhaul voyage...
  • I-11 opponents in Hidden Valley find accord with Finchem (Arizona)

    09/22/2019 1:41:28 PM PDT · by Tolerance Sucks Rocks · 6 replies
    In Maricopa ^ | August 27, 2019 | Raquel Hendrickson
    Republican Mark Finchem and Democrat Tom O’Halleran agree on at least one thing regarding Interstate 11. Both expect to be deceased before the proposed roadway becomes a reality. Finchem, a District 11 state representative spoke to Hidden Valley residents last week in a gathering attended by Blanca Varela, a representative from Congressman O’Halleran’s office, at Mountain View Community Church. The proposed interstate is a long-range goal of Arizona Department of Transportation and is expected to pass through Hidden Valley south of Maricopa. While Finchem has been outspoken against I-11, O’Halleran has remained neutral. Varela said the congressman had expressed to...
  • A trucking startup just beat Tesla and Waymo to run driverless semi-trucks on the open road

    06/26/2019 5:53:00 AM PDT · by Moonman62 · 91 replies
    Business Insider ^ | 6/26/19 | Rachel Premack
    Starsky Robotics is now testing autonomous trucks that have no driver inside, the San Francisco Bay Area startup announced on Wednesday. As of June 16, Starsky began operating truly driverless semi-trucks on the Florida turnpike. It's a first in the industry. To be sure, there are plenty of autonomous trucks on the road. TuSimple has a fleet of more than 50 trucks making three to five revenue-generating routes per day in Arizona. Waymo resumed testing its self-driving trucks in Phoenix, after ending the tests two years ago. Embark's trucks drove more than 124,000 automated miles last year. And Tesla has...
  • 21st Century Policy Opinion: Stop Federal Spending Outside Freight Corridors

    06/12/2019 4:39:38 PM PDT · by Tolerance Sucks Rocks · 18 replies
    For Construction Pros ^ | June 10, 2019 | Marc Scribner, senior fellow at the Competitive Enterprise Institute
    The U.S. Interstate Highway System is the backbone of American commerce and personal travel. Funded on a pay-as-you-go basis largely through federal excise taxes on motor fuel, today it accounts for 25% of total vehicle-miles traveled despite accounting for just 2.5% of total road network lane-miles. Yet, much of the Interstate system, construction of which began in the 1950s, is nearing the end of its functional life, along with the infrastructure of other surface transportation modes. Over the next two decades, trillions of dollars of investment will be needed to rehabilitate and in some cases rebuild this infrastructure, according to...
  • SunTrax project moves toward phase two in Polk

    06/12/2019 4:29:36 PM PDT · by Tolerance Sucks Rocks · 3 replies
    The Ledger ^ | June 3, 2019 | Gary White
    AUBURNDALE — Florida has one of the world’s most famous asphalt ovals in the Daytona International Speedway. A slightly smaller track recently completed in Auburndale won’t draw massive crowds for races, but it’s part of a project that could hasten the day when self-driving vehicles take over the roads. Crews finished laying asphalt for the 2¼-mile oval — phase one of SunTrax — in early May, and construction will begin in the coming months on infield elements designed for the development and testing of connected and autonomous vehicles. The second phase of SunTrax, a project overseen by Florida’s Turnpike Enterprise...
  • Breaking: Amazon's Digital Freight Brokerage Platform Goes Live

    04/28/2019 1:20:43 PM PDT · by amorphous · 30 replies
    MSN Money ^ | 27 April 2019 | Freight Waves
    Today, freight brokers' and carriers' worst nightmare has come true: Amazon.com, Inc. (NASDAQ: AMZN) has quietly taken its digital freight brokerage platform live at freight.amazon.com, and it is undercutting market prices from 26 to 33 percent. Early this morning, in a client note responding to Amazon's announcement that it would begin offering free one-day shipping to Prime members, Morgan Stanley equities analyst Brian Nowak made a cryptic prediction. "We see AMZN's 1-day Prime shipping raising consumer expectations and increasing the cost to compete in e-commerce. Over the long term, we also see this as a Trojan horse for Amazon to...
  • EU agrees to cut greenhouse gas emissions from trucks

    02/19/2019 7:29:43 AM PST · by Olog-hai · 2 replies
    Reuters ^ | February 19, 2019 2:04 AM | Philip Blenkinsop
    The European Union agreed on Tuesday to reduce emissions of carbon dioxide (CO2) from new trucks and buses by 30 percent by a 2030 deadline as part of its commitment to cut its output of greenhouse gases. […] The EU currently has no limits on emissions from heavy-duty vehicles, unlike the United States, China, Japan and Canada. Trucks account for almost one quarter of the bloc’s transport-related emissions. […] Curbs on the transport sector, the only one in which emissions are still rising, aim to help the bloc meet its overall goal of reducing greenhouse gases by at least 40...
  • National Truck Driver Appreciation Week

    09/25/2018 2:48:28 AM PDT · by 2ndDivisionVet · 10 replies
    Outdoor Hub ^ | September 10, 2018 | Staff
    Ever since then Lieutenant Dwight D. Eisenhower lead a convoy of early trucks across the United States in 1919, the role of the American truck driver has been cemented in our culture, history and economy. Because of the importance truckers play almost a century after that famous cross country trip, the American Trucking Associations celebrates National Truck Driver Appreciation Week.As part of this well deserved celebration, Shell Rotella is launching an all new season of the hit CarbonTV original, “Roadworthy”. In the show, viewers will meet and ride along with truckers around the United States who have a strong desire...
  • MOTRAN calls for changes in I-14 route (political fight)

    06/01/2017 10:57:45 PM PDT · by Tolerance Sucks Rocks · 9 replies
    The Midland Reporter-Telegram ^ | May 7, 2017 | Trevor Hawes
    Talks have been bubbling in recent months about making major route changes to Interstate 14, but the primary organization behind the push says it’s facing resistance from a West Texas representative and the state’s senior senator. Regional transportation lobby group Midland-Odessa Transportation Alliance (MOTRAN) has pushed to change the congressionally approved western route of I-14, also known as the Forts to Ports Highway and the Gulf Coast Strategic Highway System. Forts to Ports aims to connect Fort Bliss in El Paso with Fort Hood in Central Texas and Fort Polk in Louisiana. The plan also connects to military deployment ports...
  • Freight forwarder will expand, create 100 jobs in Spartanburg County (South Carolina)

    04/17/2017 1:05:34 PM PDT · by 2ndDivisionVet · 6 replies
    The Upstate Business Journal ^ | April 17, 2017 | Trevor Anderson
    Global freight forwarder Senator International plans to invest nearly $7.4 million over five years to establish a new facility in Spartanburg County and create 100 jobs. The company, headquartered in Hamburg, Germany, has signed a lease on 181,440 square feet of Spartanburg-based Johnson Development Associates’ more than 362,000-square-foot speculative, or spec, building at 769 Flatwood Industrial Drive. Senator International signs were placed near the property’s entrance Monday. The building sits on 53 acres of Johnson Development’s 1,400-acre Flatwood Industrial Park in northern Spartanburg County beside Rite Aid’s 900,000-square-foot distribution center. In its fourth quarter report, Greenville-based commercial broker Lee &...
  • Stoughton Trailers to add 150 new jobs (Wisconsin)

    04/14/2017 11:17:31 PM PDT · by 2ndDivisionVet · 2 replies
    The Wisconsin State Journal ^ | April 14, 2017 | Larry Avila, editor and business reporter
    Customer demand for new equipment is keeping production lines so busy at Stoughton Trailers that the company plans to hire 150 more employees to keep up. Ron Jake, marketing manager for the Stoughton-based designer and manufacturer of semitruck trailers, said Friday that recently secured large orders from new customers are behind the need for more workers. The company needs people for all of its operations from professional positions to crews to assemble trailers. He said hiring will be done gradually over the next several months. “We’ve grown 15 percent when you compare 2016 with 2015, and we’re on pace to...
  • Drowning Hanjin may not be alone among global shippers

    09/10/2016 9:52:13 AM PDT · by Lorianne · 12 replies
    Japan Times ^ | 04 September 2016
    The problems that sank South Korea’s Hanjin Shipping last week could be just the tip of the iceberg, with the long global downturn leaving the industry burdened by excess capacity. With growth refusing to budge and consumer demand still slack, the world’s freight carriers have more ships than they can fill — a quarter of cargo space lies empty. That has led to fierce price cuts and cut-throat competition, badly impacting the bottom lines of some of the giants of the seas. Those problems played out last week when Hanjin, the world’s seventh-largest shipping firm, filed for bankruptcy in Seoul,...
  • 1,690-Page ‘Climate Change’ Reg Increases Cost of Tractor-Trailer Up to $15,119

    08/22/2016 11:04:42 AM PDT · by Olog-hai · 28 replies
    Cybercast News Service ^ | August 22, 2016 | 12:52 PM EDT | Terence P. Jeffrey
    The Environmental Protection Agency and the National Highway Traffic Safety Administration jointly issued a new regulation last week that is meant to help protect the world from “climate change” by limiting “greenhouse gas emissions” and improving fuel efficiency in medium- and heavy-duty vehicles operated in the United States. The 1,690-page regulation is approximately 700,000 words long. A “regulatory impact analysis” published by EPA and NHTSA estimates the regulation will add an average of as much as $13,749 to the cost of a tractor truck and $1,370 to a trailer, making some tractor-trailer combinations $15,119 more expensive in 2027 than they...