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Friday, May 10, 2013

Following a $1.3 billion net loss in the fiscal first quarter, the USPS said its second quarter net loss was $1.9 billion. These losses follow a fiscal year 2012 loss of $15.9 billion.
Posted on 05/10 at 11:19 AM
NewsUSPSParcelPermalink


Freight transportation consultancy says that continued moderate growth in conjunction with HOS and other regulations, will cause trucking rates to firm up in the coming months and improve carrier profitability.
Posted on 05/10 at 09:29 AM
NewsTruckingFTR AssociatesHOSPermalink


CEVA CEO Marv Schlanger said that his company's recapitalization will make for a stronger balance sheet for CEVA, which will enable the company to grow faster and better compete in the logistics and supply chain marketplace.
Posted on 05/10 at 06:45 AM
News3PLGlobal LogisticsCEVAPermalink


Carload volume—at 283,916—was up 2.8 percent annually, and intermodal—at 245,678 trailers and containers—was up 2.8 percent.
Posted on 05/10 at 06:28 AM
NewsPermalink


Thursday, May 09, 2013

ABF says it is focused on its ongoing labor negotiations and other strategic and operational initiatives and that a transaction with YRC is not appropriate at this time.
Posted on 05/09 at 09:48 AM
NewsYRC WorldwideLTLABF FreightYRCLess-Than-TruckloadPermalink


The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 0.3 percent from February to March.
Posted on 05/09 at 08:34 AM
NewsBureau of Transportation StatisticsFreight TSIPermalink


Following a March decision by the Los Angeles Board of Harbor Commissions to recommend approval of Class I railroad carrier BNSF Railway’s Southern California International Gateway (SCIG) project, BNSF received more good news yesterday, when the Los Angeles City Council voted to approve the $500 million project.
Posted on 05/09 at 07:30 AM
NewsIntermodalRailroad ShippingBNSFPermalink


Wednesday, May 08, 2013

Non asset-based 3PL XPO Logistics reported first quarter results yesterday and also announced that it acquired Interide Logistics, a freight brokerage business. First quarter revenue for XPO Logistics—at $114.0 million—was up 155.8 percent annually, and gross margin dollars increased 140.0 percent annually to $16.3 million, with gross margin percentage up 14.3 percent.
Posted on 05/08 at 12:46 PM
News3PLXPO LogisticsPermalink


While UPS and the Teamsters Union came to a tentative agreement on two, new five-year contracts for UPS’s small package and freight (less-than-truckload) business units last week, one of its key delivery services, UPS SurePost, may be subject to some changes if the deal is formally ratified.
Posted on 05/08 at 08:36 AM
NewsUPSTeamstersSurePostPermalink


Tuesday, May 07, 2013

Even though the economy is clearly not running on all cylinders, things are better than they were just a few years ago, especially in related supply chain, freight transportation and logistics sectors. And as things slowly get better, pricing has returned to the forefront as a balancing act between shipper and carrier relations. That was a main takeaway at the CEO Panel of the recently-concluded NASSTRAC Annual Conference in Orlando, Fla.
Posted on 05/07 at 11:31 AM
NewsTruckloadIntermodalLTLNASSTRACExpeditedPermalink



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