Friday, September 17, 2010
The drumroll for high spot market freight availability continues to beat along, according to the most recent data from the TransCore North American Freight Index.
Unlike past weeks, there were no 2010 records set for railroad traffic for the week ending September 11, according to data released by the Association of American Railroads (AAR).
Posted on 09/17 at 08:44 AM
The Long Beach Express service will have first departures from Hong Kong and Yantian and a new second weekly call at Shanghai.
Metro Atlanta-based dedicated short-haul truckload carrier James Brown Contracting Inc. announced it as acquired Schrader Trucking Co, a Jefferson City, Tennessee-based dry van truckload carrier.
Global third-party logistics services provider OHL announced it has opened up new locations in Sparks, Nevada and Dallas and is also moving its existing location in Gainesville, Georgia to a larger facility.
Posted on 09/17 at 05:17 AM
Thursday, September 16, 2010
Earlier this week, UPS said it has rolled out a new less-than-container (LCL) service between Japan and the United States.
Posted on 09/16 at 10:47 AM
On its fiscal first quarter earnings call earlier today, FedEx announced some significant changes for FedEx Freight, its less-than-truckload (LTL) unit
Posted on 09/16 at 09:45 AM
FedEx got fiscal year 2011 off to a strong start, with net income of $380 million for the quarter for a 110 percent increase from $181 million during the same timeframe a year ago.
Wednesday, September 15, 2010
Earlier today, Senator John D. (Jay) Rockefeller (D-WV) released a report entitled “The Current Financial State of the Class I Freight Rail Industry,” which takes Class I railroads to task for what he described as earning record profit margins at the expense of shipper customers.
Imports lead the way at both ports, while exports show sequential declines.