business

Tanner tabbed as new CEO of OmniTRAX

The Broe Group’s rail and real estate affiliate, OmniTRAX Inc., has announced the appointment of Colby Tanner as its new chief executive, effective April 15.

Tanner, who most recently served as group vice president for industrial products at BNSF Railway, will succeed Dean Piacente, who is set to retire in December and transition to the OmniTRAX board of directors.

Colby Tanner (Photo: OmniTRAX)

“Colby’s real estate development expertise is the ideal complement to our rail and real estate...

https://www.freightwaves.com/news/tanner-tabbed-as-new-ceo-of-omnitrax

Mexico boosted CPKC, FXE in 2024 as other railroads saw weaker revenue

The fourth quarter of 2024 saw mixed results for North America’s seven largest freight railroads, reflecting ongoing economic uncertainties and shifting trade patterns, but carriers should see steady if unspectacular results in 2025 after taking proactive measures, according to a new study.

Consultant Oliver Wyman surveyed key performance metrics, and found revenue performance in Q4 2024 was generally flat or slightly down compared to Q4 2023, continuing the slower business trends seen...

https://www.freightwaves.com/news/mexico-boosted-cpkc-fxe-in-2024-as-other-railroads-saw-weaker-revenue

México aumentó CPKC, FXE en 2024, ya que otros ferrocarriles vieron ingresos más débiles

El cuarto trimestre de 2024 vio resultados mixtos para los siete ferrocarriles de carga más grandes de América del Norte, lo que refleja las incertidumbres económicas en curso y los patrones comerciales cambiantes, pero los transportistas deben ver resultados estables aunque poco espectaculares en 2025 después de tomar medidas proactivas, según un nuevo estudio. El […]

Esta entrada México aumentó CPKC, FXE en 2024, ya que otros ferrocarriles vieron ingresos más débiles Aparece primero en FullAvan...

https://fullavantenews.com/mexico-aumento-cpkc-fxe-en-2024-ya-que-otros-ferrocarriles-vieron-ingresos-mas-debiles/?lang=es

Fresh food gets faster with Grupo Mas and Cimcorp partnership

The global supermarket and convenience store industry is experiencing rapid growth and transformation. According to recent market research, the convenience store market alone is projected to reach $2.35 trillion by 2033, growing at a compound annual growth rate of 7.48% from 2028 to 2033. Meanwhile, the supermarket sector continues to evolve, with major players adapting to changing consumer demands and technological advancements.

In this dynamic landscape, a noteworthy partnership has emerged...

https://www.freightwaves.com/news/fresh-food-gets-faster-with-grupo-mas-and-cimcorp-partnership

Wholesaler association says impending tariffs may worsen inflation

The National Association of Wholesaler-Distributors (NAW) has expressed concerns over President Donald Trump’s impending tariffs – set to go into effect on Wednesday.

On March 26, Trump signed an executive order imposing 25% tariffs for all cars, light-duty trucks and certain auto parts imported into the U.S. These tariffs, along with a wider array of additional tariffs are planned for Wednesday.

A recent news release from the industry trade association highlighted potential negative impacts...

https://www.freightwaves.com/news/wholesaler-association-says-impending-tariffs-may-worsen-inflation

Agility Robotics’ humanoid robot reportedly raising $400M

Agility Robotics, the company behind the humanoid robot Digit, is reportedly on the verge of securing $400 million in new funding. The company raised $150 million in December, for an official total with previous funding of $320 million to date.

According to reports from The Information, this latest funding round is expected to value Agility Robotics at $1.75 billion. The venture arm of private equity firm WP Global Partners is said to be leading the fundraising effort, with SoftBank likely...

https://www.freightwaves.com/news/agility-robotics-humanoid-robot-reportedly-raising-400m

As China blocks terminals deal, BlackRock chief says ports ‘will define the future’

The chairman of one of the largest global investment managers says ports are as critical to future infrastructure of the global economy as data centers and power grids.

BlackRock Chairman Laurence Fink in an annual letter to investors said that’s why the company spent 2024 transforming itself into a leader in private markets, the better to get a jump on what it estimates will be a $68 trillion infrastructure boom.

“Assets that will define the future—data centers, ports, power grids, the world’s...

https://www.freightwaves.com/news/as-china-blocks-terminals-deal-blackrock-chief-says-ports-will-define-the-future

Transfix launches RFP tool, teases upcoming gen AI release

After selling its brokerage unit to NFI in June to focus on its SaaS endeavors, Transfix announced Monday the release of its RFP Workflow Tool, a software solution designed to help brokers and 3PLs manage contract pricing and freight bidding opportunities. 

Jonathan Salama, co-founder and CEO of Transfix, emphasized during a conversation with FreightWaves the two primary challenges facing brokers today: securing more freight and maintaining strong margins. Transfix’s strategy has been to develop...

https://www.freightwaves.com/news/transfix-launches-rfp-tool-teases-upcoming-gen-ai-release

Freight marketplace access lowers the barrier to entry for shippers, brokers

For smaller and more independent shippers, it can be incredibly difficult to access the best LTL shipment rates around the country. Many shippers are limited by their brokerage networks and their relationships (or lack thereof) with major carriers. 

Many LTL carriers won’t necessarily negotiate with less established shippers. Now, TMS provider Logistically is leveling the playing field with its freight marketplace and making competitive rates more accessible to shippers and brokers across the...

https://www.freightwaves.com/news/freight-marketplace-access-lowers-the-barrier-to-entry-for-shippers-brokers

Cinco conclusiones del estado de la carga: preparándose para los aranceles automáticos

En el medio de un mercado de valores el viernes que, según la mayoría de las observaciones de los analistas, se está creando en gran medida por la incertidumbre de la política de tarifas estadounidenses, el seminario web del estado de carga de carga de carga para marzo enfrentó lo que los aranceles...

https://fullavantenews.com/cinco-conclusiones-del-estado-de-la-carga-preparandose-para-los-aranceles-automaticos/?lang=es

+ More