Tuesday, April 09, 2013

IARW president and vice president of Global Cold Chain Alliance comments on the rankings.

On the eve of President Barack Obama’s FY 2014 budget release, freight interests in the Nation’s Capital on Tuesday were telling policy leaders that it’s never too early to be thinking about the next multi-year highway bill—and, more importantly, how to pay for it.

The current price—at $3.977 per gallon—is down 1.6 cents compared to last week.

Monday, April 08, 2013

Chicago-based buytruckload.com, a Web-based truckload brokerage in Chicago, said today it has officially expanded its offerings to shippers.

Sunday, April 07, 2013

The operative word when describing the March edition of the March Cass Freight Index report released on Friday by Cass Information Systems appears to be “improvement.”

Friday, April 05, 2013

Procurement leaders face new pressures in 2013 as companies focus on profitable growth and balance local agility with global scale in their value chains, according to new Procurement Key Issues Research from The Hackett Group, Inc.

March carloads—at 1,117,427—were down 5,969 carloads or 0.5 percent annually. Intermodal—at 933,028 trailers and containers—was up 4,859 units or 0.5 percent compared to March 2012.

Thursday, April 04, 2013

Toronto-based less-than-truckload (LTL) carrier Vitran Corporation Inc. said today that its Board of Directors has appointed board member Bill Deluce as interim president and CEO. Deluce replaces Rick Gaetz, whom resigned as president and CEO and a Director of the Company.

CEVA said that through these efforts—and upon completion of the recapitalization—the company will reduce its consolidated net debt by more than $1.5 billion ($1.2 billion euros) and its annual cash interest expense by more than $173 million ($135 million euros) and also receive a capital infusion of a minimum of $264 million ($205 million euros) for investment in its business plan.

Approximately 94% of equipment finance industry professionals believe the business conditions will improve or remain the same in the next four months, according to the results of a recent survey.