Monday, November 22, 2010
UPS recently announced an agreement to sell its UPS Logistics Technologies unit to Thoma Bravo, LLC, a leading private equity investment firm. Financial details were not disclosed.
Friday, November 19, 2010
In the wake of a recent ruling by U.S. District Court upholding the legality of the Port of Los Angeles concession requirements for motor carriers, The American Trucking Associations (ATA) is trying to expedite its appeal.
Con-way Multimodal, a subsidiary of Con-way’s third-party logistics subsidiary Menlo Worldwide Logistics, said this week it has opened up a new office in Aurora, Illinois. This unit of Con-way focuses on arranging third-party services for over-the-road intermodal, flatbed, heavy-haul, and specialized transport for freight shipments,
Railroad volumes for the week ending November 13 were up year-over-year, according to data released by the Association of American Railroads (AAR). Carload volume at 297,269 was up 5.8 percent compared to the same week last year
Thursday, November 18, 2010
UPS Freight, the less-than-truckload (LTL) subsidiary of UPS said this week it has improved transit times between U.S. cities and Calgary and Edmonton, Alberta, Canada.
Posted on 11/18 at 02:56 PM
YRCW said the suit is without merit. Company also signals its intention to close down 31 terminals.
Much of the first half of 2010 centered on inventory restocking, which led to improved freight volumes, shortages of equipment and higher rates, especially when compared to a trying 2009. Since that time, things have changed with volumes relatively flat since mid-year and the theme of ‘cautious optimism’ prevailing when it comes to the long- and short-term economic outlook. These sentiments were echoed to a large degree at the opening session of this week’s TransComp expo, hosted by the National Industrial Transportation League, the Intermodal Association of North America, and the Transportation Intermediaries Association.
America’s waterborne foreign trade in September continued its rebound from last year’s lows, noted the American Association of Port Authorities yesterday
Tuesday, November 16, 2010
With four straight months of sales gains under their belts and with the holiday season fast approaching, retailers have reason for optimism as consumer spending finally shows momentum
Posted on 11/16 at 12:28 PM
A confluence of positive economic events is causing trucking industry officials and economists to predict tighter trucking capacity perhaps as soon as the second quarter of 2011, experts are saying. The effects will be most noticeable in the $290 billion truckload sector, which has more severe capacity restraints on drivers and equipment than the $26.5 billion LTL sector, which still has overcapacity stemming from the last recession.
Posted on 11/16 at 05:00 AM