XPO Logistics, Old Dominion Freight Line, and Saia are among LTL trucking companies that see encouraging, albeit modest and early, signs for economic growth in 2020.
Saturday February 22, 2020
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Railroads are more conciliatory in negotiating contract rates than a year ago, hungry to recapture freight lost to trucking. One logistics executive called the railroads’ stance “a complete 180 from last year.”
The long-promised National Freight Strategic Plan should be about more than highways, groups representing US ports and shippers said this week. The question still is how to pay for freight priorities.
A seven-year expansion at the Port Newark Container Terminal (PNCT) is close to completion, expanding the terminal’s capacity by 80 percent, to 2.15 million TEU.
Just-in-time inventory pressures are creating more less-than-truckload shipments, giving Canadian National and Canadian Pacific Railway an opportunity to accelerate their domestic intermodal volume growth.
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