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AlixPartners Managing Director Foster Finley told American Shipper that nearshoring decisions are not made in a "knee-jerk" fashion and are dependent on a number of drivers.
The newly opened West Rail Bypass International Bridge at Brownsville, Texas is the first new rail crossing constructed between the U.S. and Mexico since 1910.
David Yeager, Hub Group's CEO, will assume the duties of his brother until a replacement is found.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.