Thursday, January 26, 2012
Penske Logistics, a subsidiary of global transportation services provider Penske Corporation, recently announced it has expanded its European presence with a new office in Düsseldorf, Germany.
Logistics technology provider Descartes recently announced it has acquired GeoMicro Inc., a provider of advanced geographic information systems (GIS) and commercial
TransCore said its North American Freight Index for December saw an 11 percent gain on an annual basis and represented the second highest freight volume for the month of December since 2005.
Wednesday, January 25, 2012
As China strides into the Year of the Dragon, its economy is in the midst of an aggressive slowdown, warns IHS Global Insight economists.
Like in previous addresses to Congress, President Barack Obama placed a significant emphasis on transportation infrastructure and the role it can play in helping revive the economy and set the stage for future growth in his State of the Union Address last night.
Posted on 01/25 at 11:12 AM
Tuesday, January 24, 2012
While the economic recovery remains far from complete, truck tonnage could be serving as a positive barometer of things to come, based on the American Trucking Associations’ (ATA) December and 2011 year-end truck tonnage data, which was released today.
Earlier today, Class I railroad carrier CSX reported another strong quarter, with fourth quarter earnings of $457 million and $0.43 per share.
Posted on 01/24 at 12:26 PM
The final pieces of the Far East-North Europe jigsaw are falling into place following last week’s confirmation by UASC that the carrier will expand its cooperation with CSCL and CMA CGM on the trade
Diesel prices dipped slightly this week, falling 0.6 cents to $3.848 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 01/24 at 08:45 AM
Diesel Prices •