Monday, May 02, 2011
Company officials said the $105 million facility is part of the $2.5 billion Crescent Corridor initiative. It is expected to be open in late 2012 and will be built on 380 acres. It is expected to create 6,200 jobs in the Memphis region over the next ten years and is expected to handle 327,000 containers and trailers annually.
While consumer spending is dragging somewhat due to increasing fuel prices, manufacturing growth shows no sign of stalling out based on data released today by the Institute for Supply Management (ISM).
YRC Worldwide, the financially ailing second-largest less-than-truckload (LTL) company which has lost in excess of $2.7 billion the last four years, says it has reached another “milestone” in its long-awaited restructuring plan now scheduled for completion in July.
The company has released JDA Transportation & Logistics Management 6.3.4, which company officials said is the “second phase” of its post i2 acquisition transportation and logistics product roadmap integration plan rolled out in April 2010.
Friday, April 29, 2011
Commercial trailer net orders and shipments in March saw significant gains compared to February, according to data from ACT Research Co., a provider of data and analysis for trucks and other commercial vehicles.
Like the preceding week, rail traffic was mixed for the week ending April 23 compared to last year, according to data released by the Association of American Railroads (AAR).
Thursday, April 28, 2011
Results from the International Air Transport Association’s quarterly survey conducted in April point to a significant deterioration in sentiment on the outlook for industry profitability in 2011
At the core of the new network launch is the company’s approach to offer shippers the choice of two levels of service from a single company. Both services, FedEx Freight Priority and FedEx Freight Economy, are designed to meet the needs of today’s LTL shippers.
Posted on 04/28 at 10:27 AM
At a time when trucking market conditions are experiencing tight capacity, increasing fuel costs, and slow and somewhat steady volume gains, one of the survey’s main takeaways was that 71 percent of respondents believe that business conditions will improve in 2011 compared to 2010, with 22 percent expecting things to remain the same and 3 percent expecting them to get worse.
At last week’s NASSTRAC Logistics Conference & Expo in Orlando, Fla., LM Group News Editor Jeff Berman had an opportunity to speak with Leathers about myriad industry-related topics, including energy prices, modal shifts, and government regulation, among others.