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Transportation news: DOT reports Freight Transportation Services Index is down 0.5 percent from August to SeptemberStaff, November 12, 2009Following three consecutive months of growth, the United States Department of Transportation's Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (Freight TSI) declined 0.5 percent from August to September. More
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Logistics news: AMR rolls out new initiatives for shippers at its Sustainability and Health Care exchangeSean Murphy, Associate Editor, November 12, 2009The research firm launched its first annual sustainability event, and also introduced a new, health care-specific version of its popular Top 25 supply chain ranking. More
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LTL news: ODFL rolls out improvements for Canada-bound shipmentsJeff Berman, Group News Editor, November 12, 2009Regional less-than-truckload (LTL) carrier Old Dominion Freight Line (ODFL) said this week it has rolled out improved service through its Northwest gateway into Canada, which, it said will connect more than 65 ODFL service centers to Canada-based destinations Edmonton and Calgary, Alberta. More
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Parcel shipping: FedEx preps for busiest day of the year on December 14Jeff Berman, Group News Editor, November 11, 2009Gearing up for the holiday season, FedEx announced yesterday that it expects to move more than 50 million packages through its global FedEx Express, FedEx Ground, and FedEx Freight networks, during the week of December 14, which it said is the company's busiest week of the year More
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Rockefeller targets container security(NITL) The National Industrial Transportation League, November 10, 2009Senate Commerce, Science and Transportation Committee Chairman Jay Rockefeller (D-WV) said this week he is working in partnership with the U.S. Department of Homeland Security (DHS) inspector general to update current port security procedures to better protect against biological and chemical threats. More
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Railroad shipping: Buffett set to sell Union Pacific and Norfolk Southern sharesJeff Berman, Group News Editor, November 10, 2009Following last week's news that billionaire investor Warren E. Buffett and his investment group Berkshire Hathaway intend to acquire Class I railroad carrier Burlington Northern Santa Fe, Matthew K. Rose, BNSF chairman, president and CEO said in a Securities and Exchange Commission filing that Buffett will sell his shares in BNSF competitors Norfolk Southern Corp. and Union Pacific Corp. More
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Transportation infrastructure: AAPA's Nagle calls for quick action on surface transportation authorizationJeff Berman, Group News Editor, November 10, 2009With the immediate prospects for long-term surface transportation funding seemingly a ways off, American Association of Port Authorities President and Chief Executive Officer Kurt Nagle called on Congress to push for authorization of a multi-year surface transportation as a key legislative priority for 2010. More
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Intermodal shipping: J.B. Hunt, Norfolk Southern ink intermodal dealJeff Berman, Group News Editor, November 6, 2009
At its investor day yesterday, J.B. Hunt Transport Service said it has reached an agreement with Class I railroad carrier Norfolk Southern to develop a new intermodal transportation contract.
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Railroad shipping: AAR reports rail volumes down 13.7 percent year-over-yearJeff Berman, Group News Editor, November 5, 2009
The Association of American Railroads (AAR) reported today that total volume for the week ending October 31 was down 13.7 percent compared to the corresponding week last year and 18.2 percent from the same week in 2007.
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LTL/transportation: Con-way reports Q3 net income is down 66 percentJeff Berman, November 4, 2009Con-way reported today that quarterly net income at 13.5 million was down 66 percent year-over-year, and quarterly revenue at $1.13 billion fell 17.3 percent. And operating income at $41.1 million was off 47.9 percent. More
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Intermodal shipping: NS, Pennsylvania invest $11 million into Philadelphia Navy Yard intermodal facilityJeff Berman, Group News Editor, November 4, 2009Class I railroad carrier Norfolk Southern and the Commonwealth of Pennsylvania announced earlier this week they are investing $11 million into the NS Philadelphia Navy Yard intermodal facility, which is part of the NS Crescent Corridor initiative. More
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Pressure builds for wider ports' authority(NITL) The National Industrial Transportation League, November 3, 2009Proponents of federal legislation that would authorize local governmental authorities such as ports to regulate truck drayage, security and related activities are actively lobbying members of California's Congressional delegation to build support for an amendment to the Federal Aviation Administration Authorization Act of 1994 (FAAAA). More
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LTL news: Logue to succeed Duncan as head of FedEx FreightJeff Berman, Group News Editor, and John D. Schulz, Contributing Editor, November 3, 2009Following the recent announcement that Douglas Duncan will be retiring from his position as President and CEO of FedEx Freight, the less-than-truckload unit of FedEx, the company announced today that Duncan will be replaced by William J. Logue.
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Railroad shipping: Buffett, Berkshire Hathaway set to buy BNSFJeff Berman, Group News Editor, November 3, 2009$44 billion deal represents Warren Buffett's "all-in" wager on the economic future of the United States. More
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Logistics news: ISM takes steps to re-launch Logistics and Transportation GroupJeff Berman, Group News Editor, November 2, 2009In an effort to provide a fresh start for its members, the Institute for Supply Management (ISM) recently announced it is taking steps to "rejuvenate and reconstitute" its Logistics and Transportation Group (LTG). More
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Outsourcing and respectBy John A. Gentle, DLP, November 1, 2009The idea of outsourcing often comes about when the CEO, controller, or another member of senior management reads an article—or has been speaking with a 3PL—about saving a minimum of 10 percent or more of their logistics costs by turning to a third party. However, I've found that these “savings opportunities” are often purely theoretical and are only supported by manageme... More
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Q4Q in reviewBy Logistics Management Staff, November 1, 2009For more than a quarter century now, Logistics Management’s (LM) Quest for Quality has been regarded in the transportation and logistics industry as the most important measure of customer satisfaction and performance excellence. To determine the best of the best, LM readers rate carriers and third-party logistics (3PL) companies strictly on the basis of service quality; and those winners... More
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Freight forwarders brace for changeBy Patrick Burnson, Executive Editor, November 1, 2009According to Global Freight Forwarding 2009, the recent report compiled by London-based Transport Intelligence Ltd. (Ti), this dynamic sector “is in the eye of a recessionary storm.” In fact, industry analysts who’ve examined market growth rates from 2008 and the first half of 2009 note that since the middle of last year there has been a massive reduction in demand for all for... More
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Price Trends, November 1, 2009Source: Elizabeth Baatz, Thinking Cap Solutions. E-mail: ebaatz@alertdata.com More
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Question of future capacity looms for shippers and carriersJeff Berman, Group News Editor, November 1, 2009Despite some recent sequential increases in trucking volumes, capacity has steadily continued to leave the marketplace in recent quarters. According to trucking analysts, the reasons for the capacity exodus vary, but they generally come back to common refrains, including low demand and consumer spending in conjunction with tight credit markets. More
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