Wednesday, February 08, 2012
The Department of Transportation’s Bureau of Transportation Statistics reported that its Freight Transportation Services Index (TSI) increased 3.9 percent from
November to December. This marks the largest monthly gain in the index in 17 years.
Tuesday, February 07, 2012
The company said its Seattle-Tacoma Drayage Operation will directly serve all ports, rail heads, and container yards in the Pacific Northwest.
Posted on 02/07 at 04:18 AM
Monday, February 06, 2012
January carloads—at 1,144,800—were up 0.1 percent annually. Intermodal—at 877,637 trailers and containers—was up 1.7 percent compared to January 2011.
Freight transportation services provider Estes Express Lines recently announced it has opened a new 36-door terminal in the Dayton, Ohio area in an effort to support “a consistent upward trend in business levels in the region.”
Posted on 02/06 at 03:17 AM
Saturday, February 04, 2012
In keeping with a trend to shed assets, Maersk Inc. is selling its subsidiary, Maersk Equipment Services Company.
Friday, February 03, 2012
Shortly after the House Transportation & Infrastructure Committee rolled out its five-year, $260 billion federal transportation authorization, entitled the American Energy and Infrastructure Act, a key component of it centered around trucking productivity was stripped from the bill’s language during a markup session by the committee.
The January NMI—at 56.8—is up 3.8 percent over December’s and is at its highest level since reaching 56.3 in March 2011.
Revenue—at $1.32 billion—was up 8.7 percent over last year’s $1.21 billion.
The company is building a 108,000 square-foot building, which company officials said will be dedicated to its engineering, customer service, and R&D staffing, and testing facilities.
Thursday, February 02, 2012
Fourth quarter transportation and logistics merger & acquisition activity was not as strong as it was in the third quarter, but the end results were mostly impressive, according to PricewaterhouseCoopers.