STG Logistics Cuts $1B in Debt, Plans May Exit from Bankruptcy
Intermodal marketing company settles with minority lenders, gains $150M fresh capital and majority ownership shift to Fortress and Invesco.
Carrier Business
Carrier bankruptcies, mergers, acquisitions, layoffs, earnings, expansion, and insurance market shifts.
Wabtec Q1 Revenue Up 13% on Locomotive Deliveries and Rail Tech Buys
Rail equipment maker posts $2.95B in sales as freight segment locomotive deliveries jump 52.5% and digital acquisitions lift backlog $8.5B year-over-year.
Chinese Cargo Carrier Air Central Wins US Approval for July Flights
Air Central received one-year DOT authority to fly 747 freighters from Zhengzhou to Chicago and Los Angeles three times weekly starting July 2026.
Norfolk Southern Q1 Earnings Drop 2% as February Weather Cuts Rail Volume
Winter storms knocked intermodal traffic down 4% in February; coal up 9% but fuel costs and CSX-BNSF alliance bite into margin.
Descartes Buys Fleet Safety Platform Idelic for $28M Cash
The deal adds 40 billion miles of driver data and AI-powered accident prediction to Descartes' logistics network: the 36th acquisition since 2016.
Union Pacific Posts Record Q1 Revenue Despite 1% Volume Drop
Operating income up 4% to $2.45 billion as the Class I railroad improves velocity and cuts terminal dwell to 19.7 hours, but premium traffic falls 9%.
Norfolk Southern Profit Falls 27% in Q1 as Insurance Bump Ends
The Class I railroad posted a sharp earnings drop after insurance payments from the East Palestine derailment dried up: a reminder that one-time windfalls…
Unbundled Maintenance vs. Full-Service Lease: The Cost Gap Widens
For fleets running 10 or more trucks, the choice between managing maintenance in-house and paying a bundled monthly rate now carries a bigger margin penalty…