Thursday, July 26, 2012
In an effort to “further protect shippers from unreasonable rail rates,” the United States Department of Transportation’s Surface Transportation Board (STB) said this week it is rolling out two initiatives to help them on this front.
Global real estate firm Jones Lang LaSalle is acting as a strategic advisor on a planned $1.5 billion investment into North American logistics and real estate development by Australia-based developer Goodman Group through an exclusive agreement with Irvine, Calif.-based Birtcher Development.
Wednesday, July 25, 2012
Even with sequential growth occurring from May to June, overall trucking growth remains at a standstill to a large degree, based on data released today by the American Trucking Associations (ATA).
The two largest short line and regional rail operators in North America will become one, with this week’s announcement that Genesee & Wyoming (G&W) will acquire RailAmerica for an all-cash purpose price of $27.50 per share—or roughly $1.39 billion.
In today’s “world flash” update, analysts said that all the key economies of the world have slowed down, almost simultaneously.
Company points to U.S. Domestic and Supply Chain & Freight segments as drivers for quarterly growth.
Monday, July 23, 2012
Officials from the International Longshoremen’s Association, the largest union of maritime workers in North America, and the United States Maritime Alliance, an alliance of container carriers, direct employers, and port associations serving United States-based East and Gulf Coasts, recently reported progress is being made on negotiations for a new labor contract.
U.S.-bound waterborne shipments, which fell 2 percent from April to May, posted a 2 percent gain from May to June at 1,083,511.