Thursday, February 27, 2014
In a year that was replete with labor-related and financing issues, less-than-truckload (LTL) transportation services provider YRC Worldwide reported relatively solid earnings for the fourth quarter and 2013 year-end.
Posted on 02/27 at 12:00 PM
YRC Worldwide •
YRC Freight •
In a speech at the Union Depot train station in St. Paul, Minnesota yesterday, President Barack Obama again called for increased investment in transportation infrastructure as a way to spur job creation and repairing and modernizing the nation’s roads, bridges, railways, and transit systems.
Wednesday, February 26, 2014
The Department of Transportation said today that its Transportation Investment Generating Economic Recovery (TIGER) program will make $600 million available to fund United States-based transportation projects.
Posted on 02/26 at 01:48 PM
With a sharp eye on safety in the wake of tragic accidents from crude by rail (CBR) operations, major U.S.-based Class I railroads and United States Transportation Secretary Anthony Foxx recently rolled out what they described as a rail operations safety initiative comprised of new voluntary operating standards for moving crude by rail.
The federal board that oversees labor relations is proposing a sweeping change to the way union elections are held, much to the chagrin of non-union trucking companies who say their ability to fight back will be compromised.
Posted on 02/26 at 09:12 AM
Tuesday, February 25, 2014
Non asset-based third-party logistics services provider Roadrunner Transportation Systems (RRTS) continues to remain highly active on the acquisition front, announcing yesterday it purchased Little Rock, Arkansas-based Rich Logistics, a provider of truckload and expedited services.
Posted on 02/25 at 11:50 AM
Total fourth quarter revenue for XPO Logistics—at $257.2—was up 137.1 percent. For all of 2013, XPO’s total revenue of $702.3 million marked a 152.1 percent annual increase, with a net loss of $48.5 million, which exceeded a 2012 net loss of $20.3 million.
Posted on 02/25 at 11:00 AM
XPO Logistics •
Diesel prices rose for the fifth straight week, with the average price per gallon up 2.8 cents to $4.017 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Over the course of the last five weeks, the average price per gallon has risen a cumulative 14.4 cents.
Posted on 02/25 at 09:27 AM
Diesel Prices •
CHRW said this office will serve as a “key step in developing the Austrian market as well as improving and expanding the C.H. Robinson office network across Europe” and will be concentrated on European road transportation.
Monday, February 24, 2014
A new report, Perspectives on Supply Chain, from Jones Lang LaSalle (JLL) says that the favorable economic conditions could present critical issues for the supply chain of the future.