Posted 07/13 · 08:38 AM · LM EditorialCarload volume—at 243,156—was down 1 percent annually, and intermodal—203,362 trailers and containers—were up 5.6 percent.
Posted 07/12 · 12:53 PM · LM EditorialJune truckload rates were up 3.9 percent compared to June 2011, and intermodal was up 0.6 percent.
Posted 07/09 · 01:31 PM · LM EditorialU.S. railroads originated 996,022 intermodal containers and trailers in June, which was up 5.2 percent—or 49,168 units—over June 2011 for an average of 249,006 units per week.
Posted 07/09 · 09:13 AM · LM EditorialA Bloomberg report states that the four U.S.-based Class I railroads have asked the U.S. Court of Appeals to reverse the ruling, explaining that it could lead to a cumulative $10 billion or more in potential damages.
Posted 07/01 · 10:00 PM · LM EditorialThe logistics industry has yet to climb back to the profitability it hit in 2007–the precipice from which it dropped during the recession. According to the report’s author and industry analysts, it may be a while until the overall industry hits full stride again.
Posted 06/29 · 10:47 AM · LM EditorialIn a widely anticipated move, Class I railroad carrier Canadian Pacific Railway formally named Hunter Harrison as its president and chief executive office and a member of its Board of Directors.
Posted 06/29 · 09:27 AM · LM EditorialCarload volume—at 288,730—was up 1.4 percent annually, and intermodal volume—at 246,128 trailer and containers—were up 4.8 percent.
Posted 06/26 · 09:32 AM · LM EditorialLate last week, a U.S. District judge in the District of Columbia granted class action certification to shipper plaintiffs in a lawsuit which maintains that four United States-based Class I railroads—Burlington Northern Santa Fe, Union Pacific, Norfolk Southern Corp., and CSX—worked together , or colluded, on fuel surcharges assessed to shippers.
Posted 06/25 · 12:33 PM · LM EditorialLast week, LM Group News Editor Jeff Berman conducted an on-stage interview with Jack Holmes, president of UPS Freight, the less-than-truckload (LTL) subsidiary of UPS at the 10th annual eyefortransport 3PL Summit, which was held in Chicago. Holmes provided an in-depth look at the LTL sector and how LTL’s and shippers should—and could—work well together, among other topics.
Posted 06/22 · 09:32 AM · LM EditorialCarload volume—at 287,036—was down 2.5 percent annually, and intermodal was up 5.2 percent at 249,975 trailers and containers.