freight

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Freighter's Trip to Quebec Didn't Quite Go as Planned

Ship runs aground in Detroit River; Coast Guard says no danger, refloat effort set for Saturday

(Newser) - A Canadian freighter found itself stuck in the Detroit River near the Renaissance Center on Friday, according to the US Coast Guard. The 738-foot vessel, the Rt. Hon. Paul J. Martin, ran "soft aground," meaning it remains surrounded by water and isn't posing any immediate hazard to...

First Coast-to-Coast Freight Train May Be Headed Our Way

Union Pacific, Norfolk Southern look to merge in $85B deal, but not everyone's on board

(Newser) - Union Pacific and Norfolk Southern are moving to create the first coast-to-coast freight rail operator in US history, announcing an $85 billion merger that, if approved, would link 50,000 miles of track from New Jersey to California, across 43 states. The deal promises to streamline shipping and give...

Port of LA Breaks Records as Shippers Race Against Clock

Officials expect a major slowdown will begin next month

(Newser) - The Port of Los Angeles recorded its busiest June ever, processing over 892,000 shipping containers as importers scrambled to outpace incoming tariffs on Chinese goods. The new record, an 8% jump from last year, was propelled by companies accelerating shipments ahead of a looming August 12 deadline for...

'Profound Disappointment:' Yellow Trucking Won't Make It

Longstanding firm files bankruptcy, will liquidate

(Newser) - There will be no miracle recovery for the venerable Yellow trucking company. The 99-year-old firm filed for bankruptcy late Sunday, reports the Wall Street Journal . "It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business," said Chief Executive Darren Hawkins....

Boxcars Idled by Recession Become Residential Blight

Residents who have gained a new town wall aren't pleased

(Newser) - Miles of boxcars that used to rumble through rural US communities now sit idle—and though quieter, towns are finding them much more obtrusive, reports the Wall Street Journal. With shipping down across the world, 30% of America’s boxcars have nothing to transport, and rail yards just can’t...

Slowdown Stalls Nation's Freight Carriers

Haulers are hunkering down for a 'nuclear winter' in 2009

(Newser) - With freight carriers predicting 2009 could be the worst year in three decades, some haulers  say they’re “settling in for nuclear winter,” holding off on making capital expenditures, mothballing equipment and laying off employees, reports the Wall Street Journal. From truckers to railroads to ocean shipping, companies...

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