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Search resuls for: "Hub Group"


3 mentions found


☆ A trucking and rail strategy that boomed during pandemic shocks is heating up again
  + stars: | 2024-03-25 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +10 min
The shift in the volume of freight being moved from the East Coast to the West Coast was first highlighted in February in the ITS Port Rail Ramp Freight Index. He said the disruptions from the Suez Canal and Panama Canal have contributed to an almost 20% increase into the West Coast ports. "For our ports, transloading containers is always going to happen and we have the capacity to do more." The West Coast container volume rebound will also have a ceiling. "We probably don't get to the historical 10-year levels of West Coast market share versus East Coast share," Chan said.
Persons: Michael Aldwell, Kuehne + Nagel, Chris Sikora, CH Robinson, Sikora, Tim Robertson, transloading, Paul Brashier, We're, Brashier, Bryan Kempisty, Matt Schrap, Bruce Chan, Chan, CH, Bascome Majors, J.B, Hunt, Schneider, JB Hunt, Jason Seidl, Knight, Swift, Seidl, Larry Organizations: Getty, U.S, Logistics, CNBC, Kuehne, Transportation Intelligence, . Logistics, DHL Global, ITS, Rail, ITS Logistics, Department of Transportation's, PortX Logistics, Harbor Trucking, J.B, Susquehanna International Group, Hub Group, Schneider, Union Pacific, Cowen Group, Universal Logistics Holdings, East, International Longshoremen's Association, Surface Transportation, Canadian Pacific, Kansas City Southern, Uber, Uber Technologies Locations: West Coast, East Coast, Panama, East, Red, Gulf, transload, transloading, West, Suez, Hunt, CH Robinson, Sea, Mexico, Kansas, Mobile , Alabama, Coatzacoalcos, Veracruz, Gulf of Mexico
☆ Hub Group Names Phillip Yeager CEO as David Yeager Retires
  + stars: | 2022-11-17 | by ( Colin Kellaher | ) www.wsj.com   time to read: +2 min
Hub Group Inc. said David Yeager, who has been chief executive of the provider of rail-focused freight services for more than a quarter of a century, is retiring and handing the reins to his son, Phillip D. Yeager, on Jan. 1. The Oak Brook, Ill.-based company said Thursday David Yeager, who also has been chairman since 2008, is retiring as CEO but will continue as executive chairman. Hub said Phillip Yeager, who joined the company in 2011 and has been president and chief operating officer since 2019, will become president and CEO at the start of 2023 and will join the board. Another son of founder Phillip C. Yeager, Mark Yeager, left the business in 2015. Brian Alexander, currently executive vice president of logistics, will succeed Phillip Yeager as COO, the company said.
☆ Truckers Expect Softer Holiday Shipping on Waning Retailer Demand
  + stars: | 2022-10-29 | by ( Liz Young | Paul Page | Jeffrey Tucker | ) www.wsj.com   time to read: +6 min
Freight companies are preparing for what executives are calling a muted peak season, as dimming shipping demand from overstocked retailers ripples across U.S. shipping markets. Several big operators say they are seeing freight demand drop off rather than pick up heading into what is typically their busiest period of the year. Clothing retailer Ministry of Supply Inc. stocked up on inventory for the peak season with orders that arrived too late for last year’s winter season and items that arrived early this year. DAT Solutions LLC, a load board that matches trucks to available loads, said its index for spot market demand fell sharply from August to September, to the lowest point since February. “If you’re a carrier exposed to the spot market, you’re hurting.
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