Friday, June 22, 2012
Rodolfo R. Sabonge, Vice President of Market Research and Analysis with the Panama Canal Authority told Bay Area shippers that a wider Panama Canal will pose no threat to the Port of Oakland
Thanks in part to heavy last-minute lobbying by the U.S. Chamber of Commerce, as well as other groups including freight transportation shippers, House and Senate conference committee members were furiously at work to produce a multi-year bill before the current funding mechanism expired on June 30.
Con-way Freight, the less-than-truckload subsidiary of Con-way Inc., is the most recent LTL carrier to roll out a mid-year general rate increase (GRI).
Carload volume—at 287,036—was down 2.5 percent annually, and intermodal was up 5.2 percent at 249,975 trailers and containers.
Posted on 06/22 at 09:32 AM
Rail Freight •
Thursday, June 21, 2012
UPS and Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, said today that UPS’s $6.5 billion cash offer for TNT, which was announced in March, commences tomorrow and will run through August 31.
Posted on 06/21 at 11:52 AM
TNT NV •
TNT Express •
Various factors could tip the scales in assessing how 2012 Peak Season plays out.
Tuesday, June 19, 2012
In a recently completed survey that the American Association of Port Authorities initiated, U.S. seaport agencies and their private-sector partners plan to invest a combined $46 billion over the next five years in wide-ranging capital improvements to their marine operations and other port properties
Friday, June 15, 2012
Both ports are optimistic about growth prospects for the remainder of the year.
Carload volume was down 1.7 percent compared to the same week last year and intermodal volumes were up 3.8 percent.
Company executives tout deal as recapitalization that will give Intelligrated the financial strength and international experience to grow.