Tuesday, November 08, 2011
Following the first half of 2011, which showed some signs of increasing transportation and logistics merger & acquisition activity, third quarter activity took a bit of a step back, according to PricewaterhouseCoopers’ (PwC) quarterly report “Intersections: Second Quarter 2011 global transportation and logistics industry mergers and acquisitions analysis.”
Monday, November 07, 2011
“What Do Shippers Want?- Global and National Perspectives” may sound Freudian, but it is certainly not rhetorical
While the economic recovery has had its fair share of stops and starts, it may be happening again in earnest on the railways. That is the consensus from John Lanigan, executive vice president and chief marketing officer at BNSF Railway.
October carloads—at 1,215,627—were up 1.7 percent annually. And intermodal—at 975,566 trailers and containers—was up 3.6 percent compared to October 2010.
This hub expansion was built on 19 acres and involved widening the existing parking apron to allow for nine additional wide-body aircrafts and nine new aircraft gates.
Friday, November 04, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) today reported a third quarter net loss of $177.9 million, which was more than double the $61.7 million net loss from a year ago.
Keeping surface transportation funding at its current levels through a series of continuing resolutions is not the way to move forward in an efficient manner, when it comes to preserving and building United States infrastructure, says Representative John Mica (R-Fla.), Chairman of the House Transportation and Infrastructure Committee
The news comes as a relief to shippers, who as late as yesterday were worried about a prolonged disruption caused by the “Occupy Oakland” movement.
Thursday, November 03, 2011
Like its companion report focused on manufacturing, growth remained the primary theme for The Institute for Supply Management's Non-Manufacturing Report on Business, which showed growth in non-manufacturing sector grew for the 23rd consecutive month.
Although the numbers are showing continued signs of leveling out, the main theme of the October edition of the Institute for Supply Management’s Manufacturing (ISM) Report on Business indicated that growth is still occurring.