Freight Scoop

Freight Scoop Your go-to source for staying informed about the ever-evolving world of supply chain and logistics.

11/09/2024

Washington — The owner and manager of the cargo ship involved in the tragic Baltimore bridge collapse have agreed to pay over $102 million to cover cleanup costs, according to officials on October 24. This settlement resolves a lawsuit filed by the Justice Department but does not include compensat...

09/30/2024

In an effort to prevent a potential strike that could paralyze major container ports along the U.S. Atlantic and Gulf Coasts, President Joe Biden’s aides are holding discussions with representatives from ocean carriers and terminal operators on September 27. The administration is focused on averti...

09/13/2024

DSV A/S is nearing a landmark agreement to purchase DB Schenker, the logistics arm of Deutsche Bahn AG, in a deal valued at approximately €14 billion ($15.4 billion), sources familiar with the negotiations revealed. If completed, this transaction could become one of the largest in the transport se...

09/13/2024

Berlin – German security officials issued a stern warning on Friday regarding the presence of “unconventional incendiary devices” being dispatched via freight services. This alert, distributed to logistics and aviation companies, follows reports of several parcels catching fire during transit....

08/07/2024

GREEN BAY, WI — Schneider National, Inc. (NYSE: SNDR) has reported its financial performance for the second quarter ending June 30, 2024. The company saw a 51% drop in operating income to $51 million and a decrease in diluted earnings per share to $0.20, compared to $0.43 a year earlier. This decl...

07/31/2024

Phoenix, AZ — Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has announced the acquisition of the non-union regional less-than-truckload (LTL) division of Dependable Highway Express, Inc. (Dependable), based in Los Angeles. The deal involves acquiring both operating assets and certain liabi...

07/30/2024

Umicore has announced it is halting investment in its planned $2.76 billion battery materials manufacturing facility in eastern Ontario, citing reduced growth projections for the electric vehicle sector. The global materials giant had previously secured substantial support for the project, with the....

07/25/2024

ATLANTA, GA – UPS (NYSE: UPS) has announced a definitive agreement to acquire Estafeta, a prominent Mexican express delivery company. This strategic move is part of UPS’s ambitious ‘Better and Bolder’ strategy, aimed at solidifying its position as a premier global provider of small package a...

07/24/2024

Two prominent Miami-based trucking companies, A1 Transport Network and AB Brothers USA, have initiated Chapter 11 bankruptcy proceedings. The petitions were filed on Saturday in the U.S. Bankruptcy Court for the Southern District of Florida. A1 Transport Network, with Ivan Antigua Escobar listed as....

07/24/2024

The U.S. Securities and Exchange Commission (SEC) has expanded its legal actions against individuals involved in a significant investment fraud case centered around Royal Bengal Logistics (RBL), a Florida-based trucking and logistics firm. Ricardi Celicourt, 40, residing in Coconut Creek, and Brisly...

07/22/2024

Long Beach, CA – In a momentous ceremony heralding a new era in U.S. transportation infrastructure, U.S. Secretary of Transportation Pete Buttigieg and a host of national officials convened on Thursday to commence the groundbreaking of “America’s Green Gateway” at the Port of Long Beach. Thi...

07/18/2024

Discover how the recent recession is affecting the logistics industry in the USA and Canada. Learn about the challenges, trends, and future outlook for transportation and supply chain businesses.

07/18/2024

A.P. Moller-Maersk A/S has decided to withdraw its bid for DB Schenker, the logistics unit of Deutsche Bahn AG, which was reportedly valued at over $16.1 billion. The Danish logistics giant made th…

04/11/2024

Norfolk Southern Corporation, a leading transportation company, has announced a groundbreaking $600 million agreement in principle to resolve a consolidated class action lawsuit stemming from the E…

03/28/2024

Container volumes at U.S. ports soared in February, maintaining a robust performance for the year. The Port of Los Angeles, a key player in this surge, recorded a remarkable 60% rise in container p…

03/19/2024

The Member of Parliament representing Thunder Bay-Rainy River, Ontario, Marcus Powlowski, acting on behalf of Minister of Transport Pablo Rodriguez, has unveiled a substantial investment totaling $…

03/14/2024

Barrett Distribution Centers, a leading provider of third-party logistics solutions, has announced the launch of its second fulfillment distribution center in the Dallas, Texas area. This expansion…

03/13/2024

In a landmark decision, the Federal Maritime Commission (FMC) has finalized a ruling aimed at simplifying the intricate billing processes associated with international container shipments. This mov…

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