Omni Air sale to founder coincides with $2.5B Chicago parking meter deal
Who is the secretive buyer of ICE carrier Omni Air?
Who is the secretive buyer of ICE carrier Omni Air?
Logistics powerhouse DSV has launched its third direct air charter service to Chicago-Rockford airport, taking advantage of its proximity to the big city while avoiding delays at crowded O’Hare airport.
Three major freight forwarding companies — Ceva, DSV and Kuehne+Nagel — have recently entered transport agreements with large cargo airlines to operate dedicated international flights to Chicago for customers.
CSX has significantly reduced operations at its major Chicago-area terminal, and shifted most switching work to other carriers.
Nationwide tender rejections are at 11.5%.
Journey offers freight brokerages recruiting, consulting, and training.
Forest View, Illinois-based trucking company Chicago Suburban Express will close its doors on Friday.
Hotlanta’s tender rejections peaked at 11.2%.
France-based CMA CGM, a major ocean shipping and logistics company, plans to spend $1 billion beefing up its cargo airline division and establishing a base in Chicago.
Chicago and Dallas tender rejections still exceed 7%.
Chicago’s impact on freight transportation is a story of innovation, entrepreneurship, and risk-taking that spans decades.
The general aviation airport in Gary, Indiana, is expanding cargo infrastructure to help UPS. There is also a Field of Dreams mentality: Build it and other cargo carriers will come.
Startup carrier Global Crossing Airlines is partnering with FreightTech startup Airblox to start a nonstop freighter service between Chicago and Puerto Rico.
The overall freight transportation market may be soft but the natural imbalance in the flow of freight is still able to create pockets of tightness.
Chicago commuter rail system Metra filed a lawsuit against the Surface Transportation Board over its decision to approve the merger between Canadian Pacific and Kansas City Southern.
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The Surface Transportation Board is grappling with fallout from its March decision to approve the CP-KCS merger. Three progressive groups want STB Chairman Marty Oberman stripped of his role, while western Chicago suburbs have filed a lawsuit against the board.
Four lawmakers from Illinois want the Surface Transportation Board to delay its decision on whether to approve the merger between Canadian Pacific and Kansas City Southern because of their concerns about the freight rail traffic projections used in STB’s environmental review.
Freight projects get underway in Chicago and Laredo, Texas; CN beats its grain record; Patriot Rail appoints a new COO; and Canadian Pacific disputes a court ruling on an Alberta land sale.
Senators and two U.S. House representatives from Illinois object to the railway merger between Canadian Pacific and Kansas City Southern as currently proposed, saying the Surface Transportation Board should respond to their constituents’ concerns.