Toronto-based less-than-truckload carrier and transportation services provider Vitran Corporation Inc. announced this week that it has entered into a definitive agreement to be acquired by Manitoulin Transport Inc., a Pembroke, Ontario-based provider of LTL transportation services.
The average price per gallon of diesel gasoline dropped 0.4 cents to $3.879 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).This snapped a two-week stretch in which prices headed up a cumulative 6.1 cents.
Boosted by some promising signs in the United States economy, the most recent edition of the Port Tracker report from the National Retail Federation and maritime consultancy Hackett Associates is calling for a positive end to 2013 in terms of annual import growth at U.S.-based retail container ports.
Ballots are going out Tuesday to about 26,000 Teamsters on continuation of a wage and pension concession package that will save the ailing carrier about $100 million annually. Results of the rank-and-file vote will be announced Jan. 8 and could go a long way in determining the future of 80-year-old YRC, which has lost in excess of $2.6 billion in the last decade.
Alan Gershenhorn, senior vice president of Worldwide Sales, Marketing and Strategy for UPS, says e-commerce has significantly changed how retailers fulfill orders and replenish stock—whether at the store, an online storefront or from a distribution center.