Tuesday, October 25, 2011
Quarterly revenue for Big Brown—at $13.2 billion—was up 8.0 percent annually, and operating profit—at $1.61 billion—was up 0.2 percent. Earnings per share—at $1.06—saw a 14 percent year-over-year increase, topping Wall Street expectations of $1.05 per share.
Monday, October 24, 2011
The two-year, $109 billion bill is entitled Moving Ahead for Progress in the 21st Century (MAP-21), which EPW officials have described as a “bipartisan effort that holds spending at current levels plus inflation, greatly increases leveraging of federal dollars, and modernizes and reforms the nation’s transportation systems to help create jobs and build the foundation for long-term prosperity.”
Data published this week by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, stated that September Class 8 trailer order activity was up in September, with net orders roughly 31 percent ahead of August and up 22 percent annually.
While hopes were high for a return to a “traditional” Peak Season earlier this year, things have not gone according to plan based on freight trends, volumes, and insight from industry stakeholders.
Friday, October 21, 2011
EquaShip aims to provide smaller shippers with cost-savings that are typically only available to large enterprise shippers.
Carload volume—at 303,363—was flat on an annual basis.
Near-sourcing and the North American Free Trade Agreement represent a perfect supply chain match, industry analysts contend.
Thursday, October 20, 2011
Faced with the prospect of not being allowed to fly its cargo planes at night, Lufthansa Cargo said earlier today it is working on contingency plans to, once the night flight ban takes effect on October 30.
The Port of Oakland reached a major funding milestone of nearly $350 million for harbor deepening and maintenance, this week, thereby enhancing its position as a leading U.S. ocean cargo export gateway