Monday, March 26, 2012
Last week, the Department of Transportation’s Surface Transportation Board (STB) held a public hearing to explore the impact of Berkshire Hathaway’s acquisition of the BNSF Railway Company on “certain costing determinations.”
Under the terms of the agreement, Clean Energy will build natural gas fueling stations at existing Saddle Creek locations that will fuel Saddle Creek’s natural gas-powered motor fleet.
Saturday, March 24, 2012
While China is the largest provider of imports to the U.S., it is also becoming a major destination for U.S. exports, noted a well-known economist
Posted on 03/24 at 11:49 AM
Global Trade •
Friday, March 23, 2012
Driven by a rebound in trade activity between the United States and Asia-Pacific, express delivery and logistics services provider DHL announced this week it has rolled out a new around the world flight, which connects Hong Kong, Los Angeles, and Leipzig.
Posted on 03/23 at 01:22 PM
The CSA/SMS methodology and measurement system is fatally flawed. Only a small fraction of carriers are measured, and of those that are, an astonishing 56 percent are deemed to warrant further intervention because of high scores.
Posted on 03/23 at 12:36 PM
Carload volume—at 278,420—was down 5.3 percent annually and slightly below the week ending March 10 at 278,728 and also below the week ending March 3 at 283,312.
Less than a week after announcing it increased the size of shares for its IPO from 6,000,000 to 8,000,000 shares to the public at $15.75 per share, non asset-based 3PL XPO Logistics said that effort has resulted in roughly $136.7 million in net proceeds.
Posted on 03/23 at 08:44 AM
XPO Logistics •
Thursday, March 22, 2012
CEO Fred Smith says FedEx has a profitable multi-billion dollar business in Europe and it is growing strongly.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 14.3 percent in 2011 compared to 2010, increasing to $904 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
Quarterly revenue of $10.56 billion was up 9 percent from last year’s $9.66 billion, and operating income at $813 million was up 107 percent from $393 million. Its operating margin—at 7.7 percent—was up from 4.1 percent. FedEx reported earnings per share of $1.55, edging Wall Street estimates of $1.52.