Monday, May 06, 2013
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Posted on 05/06 at 10:42 AM
A little more than a month after ABF Freight System, the seventh-largest less-than-truckload (LTL) carrier by revenue, and the International Brotherhood of Teamsters said they secured a 30-day extension for the National Master Freight Agreement, ABF said on Friday that the ABF and Teamsters negotiating teams have reached a tentative agreement on a contract for the next five years.
Posted on 05/06 at 09:19 AM
ABF Freight •
Friday, May 03, 2013
The ISM’s monthly Non-Manufacturing Report on Business stated that the index used by the ISM to measure non-manufacturing growth—known as the NMI—was 53.1 in April, falling 1.3 percent from March. Despite the decline, though, non-manufacturing activity increased for the 40th consecutive month.
Following February’s announcement that it had achieved a positive annual operating income in 2012 for the first time in six years, the Overland Park, Kan.-based carrier said today it had a positive first quarter operating income—also for the first time in six years.
Posted on 05/03 at 11:53 AM
YRC Worldwide •
YRC Freight •
On the heels of a positive performance in March, the April edition of the Cass Freight Index from Cass Information Systems Inc. showed that the solid trends evidenced in March did not carry over into April.
Posted on 05/03 at 10:38 AM
April carloads—at 1,108,722—were down 4,640 carloads or 0.4 percent annually. Intermodal—at 962,019 trailers and containers—was up 15,053 units or 1.6 percent compared to April 2012.
Posted on 05/03 at 07:25 AM
Thursday, May 02, 2013
CEVA said that it will reduce its consolidated net debt by more than $1.7 billion ($1.3 billion euros) and its annual cash interest expense by more than $170 million ($130 million euros) and also receive a capital infusion of a minimum of $301 million ($230 million euros) for investment in its business plan.
Posted on 05/02 at 12:37 PM
Global Logistics •
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said this week that trade using all forms of freight transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was down 1.0 percent in February 2013 compared to February 2012 at $88.4 billion.
Posted on 05/02 at 10:12 AM
In the first quarter edition of its Intermodal Market Trends & Statistics Report, the Intermodal Association of North America (IANA) said this week that total first quarter intermodal container and trailer movements—at 3,682,049 trailers and containers—were up 4.5 percent annually.
Posted on 05/02 at 09:43 AM
Wednesday, May 01, 2013
The Institute for Supply Management (ISM) reported today that manufacturing activity for April remained in growth territory despite a relatively minimal gain in its core index, known as the PMI.