Monday, January 31, 2011
Following speculation that global industrial real estate bellwethers ProLogis and AMB Property Corporation were planning to merge, the companies announced today that they have joined hands in inking a definitive agreement through what that described as a “merger of equals.”
FedEx Freight, the market leader in the LTL (less-than-truckload) sector, is changing the way shippers move freight in the $28.5 billion LTL sector.
Friday, January 28, 2011
Taking steps to let shippers know about its full range of freight transportation service offerings, regional less-than-truckload carrier Pitt Ohio Express has officially re-branded and will be known as Pitt Ohio going forward.
Carload volume at 282,837 was up 1.5 percent compared to the corresponding week last year. This is nearly identical with the week ending January 15, which hit 282,987 carloads.
As was the case for most of 2010, annual improvements in spot market performance were prevalent. This was evidenced by data released by the TransCore North American Freight Index this week.
In what ostensibly has become an annual piece of legislation, a bill designed to remove antitrust exemptions currently granted to the railroad industry was introduced this week.
Thursday, January 27, 2011
Last week, RedPrairie announced that it had acquired Shippers Commonwealth, a provider of transportation management solutions (TMS) in an on-demand, Software-as-a-Service model to leading companies like Bon-Ton Stores.
Earlier this week, less-than-truckload (LTL) transportation services provider Con-way Freight announced it has introduced a new advanced load management and cargo protection system for its 16,800 freight trailer fleet in North America.
Earlier this week, FedEx Supply Chain, a subsidiary of FedEx, announced it has introduced significant upgrades to its FedEx Critical Inventory Logistics (FCIL) service.
Class 8 vehicle commercial trailer net orders increased 7 percent—or 22,915—in December over November, according to data from ACT Research Co., a provider of data and analysis for trucks and other commercial vehicles.