Rail

Comcast Business Delivers Innovative Technology Solutions to NJ TRANSIT

Retrieved on: 
Wednesday, March 6, 2024
Public Transport, Mobile, Wireless, Technology, Rail, Transport, Telecommunications, Professional Services, Business, Networks, Internet, Infrastructure, NJ TRANSIT, Wi-Fi, Comcast Business, Communication, Failure, Region

“Comcast Business provides our customers with reliable connectivity and the technology backbone needed to power innovations,” said Michael Louden, Regional Vice President of Comcast’s Freedom Region.

Key Points: 
  • “Comcast Business provides our customers with reliable connectivity and the technology backbone needed to power innovations,” said Michael Louden, Regional Vice President of Comcast’s Freedom Region.
  • Under the strategic direction of its technology team, NJ TRANSIT foresaw the necessity of bolstering its network infrastructure.
  • This led NJ TRANSIT to partner with Comcast Business, a decision rooted in the company’s proactive commitment to ensuring high service reliability and innovation for riders.
  • “As Chief Technology Officer at NJ TRANSIT, I have always prioritized innovative solutions to enhance operational efficiency and customer experiences,” said Bilal Khan, Chief Technology Officer of Infrastructure for NJ TRANSIT.

Ryder Executive Vice President & CFO to Address J.P. Morgan 2024 Industrials Conference

Retrieved on: 
Tuesday, March 5, 2024
Fleet Management, Automotive, Trucking, Rail, Automotive Manufacturing, Logistics, Supply Chain Management, Transport, Manufacturing, CFO, Ryder, System, Multimedia, Conference, Management

Ryder System, Inc. (NYSE: R) Executive Vice President & CFO John Diez to address J.P. Morgan 2024 Industrials Conference.

Key Points: 
  • Ryder System, Inc. (NYSE: R) Executive Vice President & CFO John Diez to address J.P. Morgan 2024 Industrials Conference.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240305903503/en/
    Ryder System, Inc. Executive Vice President & CFO John Diez (Photo: Business Wire)

Princeton TMX Appoints Kevvon Burdette as Chief Commercial Officer

Retrieved on: 
Tuesday, March 5, 2024
Supply Chain Management, Technology, Other Transport, Trucking, Rail, Maritime, Transport, Other Technology, Retail, Software, Logistics, TMS, Meridian, Marketing, Culture, CCO, McEntire, Fielding Graduate University, Princeton University, Postgraduate education, Ozburn-Hessey Logistics, Bridgewater College, Management

Princeton TMX , a leading multi-modal transportation management system (TMS) provider, today announced the addition of Kevvon Burdette as chief commercial officer (CCO).

Key Points: 
  • Princeton TMX , a leading multi-modal transportation management system (TMS) provider, today announced the addition of Kevvon Burdette as chief commercial officer (CCO).
  • Burdette will be responsible for the company’s corporate sales and marketing strategy and will report directly to CEO Mark McEntire.
  • Princeton TMX’s multi-modal TMS automates complex transactions by simplifying the entire transportation planning and execution process, increasing efficiency, reducing transportation costs and improving customer service.
  • He comes to Princeton TMX from Uber Freight, where he served as head of sales, transportation management.

Old Dominion Freight Line Provides Update for First Quarter 2024

Retrieved on: 
Tuesday, March 5, 2024
Consulting, Trucking, Rail, Professional Services, Supply Chain Management, Logistics, Transport, Retail, Disaster, FMCSA, Failure, Weather, LTL, Annual report, Marketing, News, Health, Accountability, Climate change, Rail transport by country, Legislation, Workforce, Environment, Software, Cargo

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2024.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2024.
  • Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, “Our revenue results turned slightly positive in February but continue to reflect softness in the domestic economy.
  • Our LTL shipments per day also increased slightly as compared to February 2023 while our yield metrics continued to improve.
  • Old Dominion Freight Line, Inc. is one of the largest North American LTL motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

Barilla Achieves 80% Visibility into Ocean and Over-the-Road Shipments with FourKites

Retrieved on: 
Tuesday, March 5, 2024
Technology, Other Transport, Trucking, Supermarket, Rail, Maritime, Air, Transport, Food, Beverage, Logistics, Supply Chain Management, Software, Audio, Video, Retail, Data Management, Convenience Store, Artificial Intelligence, Senior, ETAS, OTR, Panama Canal, Communication, Dynamics, Face, Partnership, Intermodal freight transport

Barilla, the world leader in pasta production, announced today that it has achieved 80% visibility into the entire lifecycle of its ocean and road shipments, thanks to leading supply chain visibility provider FourKites ®.

Key Points: 
  • Barilla, the world leader in pasta production, announced today that it has achieved 80% visibility into the entire lifecycle of its ocean and road shipments, thanks to leading supply chain visibility provider FourKites ®.
  • Each week, the company moves more than 2,000 loads from Italy to over 120 countries via over-the-road (OTR) and ocean shipments.
  • Barilla started its collaboration with FourKites by using the company’s OTR visibility and then expanded coverage to include visibility into all its ocean shipments.
  • FourKites recently announced several enhancements to its next-generation ocean visibility platform, Dynamic Ocean® .

AECOM-led team selected by Amtrak to support the development of the $1.5 billion Susquehanna River Rail Bridge Project

Retrieved on: 
Tuesday, March 5, 2024
Consulting, Urban Planning, Manufacturing, Construction & Property, Professional Services, Landscape, Rail, Building Systems, Architecture, Transport, Engineering, Amtrak, Susquehanna River Bridge, DBE, SRB, Safety, Disadvantaged business enterprise, ACM, Travel, Partnership, Rail transport

AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that an AECOM-led team has been selected by Amtrak to support the development of the Susquehanna River Rail Bridge Project (SRB).

Key Points: 
  • AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that an AECOM-led team has been selected by Amtrak to support the development of the Susquehanna River Rail Bridge Project (SRB).
  • The project aims to improve rail connectivity and safety along the U.S. Northeast Corridor by replacing the existing 117-year-old two-track bridge located in Maryland with two new bridges that will increase capacity and improve reliability of both freight and passenger trains.
  • “The complexity of the Susquehanna River Rail Bridge Project requires a team that connects global expertise with local perspective and brings together the right disciplines and resources,” said Bane Gaiser, chief executive of AECOM’s U.S. East and Latin America region.
  • The Company will lead a strong technical team of subconsultants, including Disadvantaged Business Enterprise firms (DBEs).

General Atlantic Announces Investment in Plusgrade, Joining Existing Investor CDPQ

Retrieved on: 
Monday, March 4, 2024
Software, Professional Services, Vacation, Cruise, Public Transport, Technology, Lodging, Destinations, Travel, Rail, Transport, Finance, Acquisition, Growth, CDPQ, Scotiabank, General Atlantic, Goodmans, Acceleration, Consumer, Barclays, Head, Partnership

General Atlantic, a leading global growth investor, today announced a strategic growth investment in Plusgrade, a global leader powering ancillary revenue solutions for the travel industry.

Key Points: 
  • General Atlantic, a leading global growth investor, today announced a strategic growth investment in Plusgrade, a global leader powering ancillary revenue solutions for the travel industry.
  • With this transaction, Novacap will fully exit its stake in Plusgrade, and existing investor CDPQ will remain a significant shareholder.
  • General Atlantic intends to partner with Plusgrade to support the company’s continued growth, including through the acceleration of new business segments and go-to-market efforts, strategic M&A opportunities, and key operational initiatives.
  • Barclays served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor and Goodmans LLP served as co-counsel to General Atlantic.

Ancora Urges Norfolk Southern’s Board to Immediately Replace Current Leadership Following New Train Derailment in Pennsylvania

Retrieved on: 
Saturday, March 2, 2024
Rail, Professional Services, Transport, Finance, Annual general meeting, Soil, Embarrassment, Pension, News, Nature, Norfolk Southern Railway, Health, Safety, NSC, City, Accident, Water, Tunnel

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below statement regarding the Company’s latest derailment.

Key Points: 
  • Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below statement regarding the Company’s latest derailment.
  • As a reminder, we recently announced the nomination of eight highly qualified, independent candidates (the “Investor Slate”) for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders.
  • “We hope the crew and everyone in Lower Saucon Township are unharmed by yet another derailment of a Norfolk Southern train.
  • Images of diesel-filled locomotives lying on their sides underscore the urgent need to replace the Company’s failed executive leadership and provide this railroad the fresh start it so desperately needs.

Investor Group Asks Norfolk Southern Chair Amy Miles to Address Decisions to Raise CEO Pay 37% and Run a Scorched-Earth Campaign

Retrieved on: 
Friday, March 1, 2024
Rail, Professional Services, Transport, Finance, Disaster, Annual general meeting, BP, Reward, Collection, Risk management, Playbook, Greed, Record, Growth, Pleasure, Risk, Safety, Health, NSC, Death, Boeing, Accident, CSX, MAX, Management

We even offered to settle for minority representation on the Board in the event the Company initiated an orderly management change.

Key Points: 
  • We even offered to settle for minority representation on the Board in the event the Company initiated an orderly management change.
  • It appears that the Board is serving at the pleasure of CEO Alan Shaw – rather than the other way around.
  • In addition to being a more than 30-year insider at Norfolk Southern, he was a relatively new, unproven CEO off to an extremely rocky start.
  • Either way, you and your fellow directors owe it to Norfolk Southern and all of its stakeholders to run a campaign befitting of this great organization.

J.B. Hunt Announces Shelley Simpson as Chief Executive Officer, President

Retrieved on: 
Thursday, February 29, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Multimedia, Investment, JBHT, Culture, Growth, Kansas City Southern Railway, Safety, History, ICS, Honorary, Garrison, Running, J. B. Hunt, Management

View the full release here: https://www.businesswire.com/news/home/20240229750287/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240229750287/en/
    J.B. Hunt Announces Shelley Simpson as Chief Executive Officer, President (Photo: Business Wire)
    The company also announced that Kirk Thompson, current executive chairman of the Board, along with Wayne Garrison, will both retire from the company’s Board of Directors and will take newly formed Board advisory roles as Honorary Founding Directors.
  • John N. Roberts, III, outgoing chief executive officer, will assume the role of executive chairman of the Board upon Kirk Thompson’s retirement from the Board.
  • She was named chief commercial officer and president of Highway Services in 2017 and led the strategic direction and launch of the J.B. Hunt 360°® platform.
  • Thompson joined the company in 1973 and served as president and chief executive officer from 1987 through 2010.