Carrier attempts to mitigate the extended transit times of sailing around southern Africa by increasing the use of transshipment in the Mediterranean are being frustrated by growing port congestion.
Alan Shaw will remain in his position as CEO of Norfolk Southern, but Ancora Holdings gained leverage on the railroad’s board of directors, winning three seats.
The Journal of Commerce Truckload Capacity Index dropped to its lowest level since 2017 as large truckload carriers cut trucks loose, but excess capacity remains.