Friday, June 15, 2012
Company executives tout deal as recapitalization that will give Intelligrated the financial strength and international experience to grow.
On the heels of two strong months of global trade activity, data released by Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed a bit of a slowdown from April to May.
Posted on 06/15 at 07:43 AM
Global Trade •
Thursday, June 14, 2012
In a move designed to expand its end-to-end service offering, freight transportation and logistics services provider Arkansas Best Corp. said today it has agreed to acquire Panther Expedited Services, a Seville, Ohio-based asset-light provider of expedited ground and freight forwarding services and premium logistics services, from its owner Fenway Services LLC, a middle market private equity firm.
Posted on 06/14 at 11:21 AM
ABF Freight •
Arkansas Best •
Fairly flat business conditions for shippers appear to be the new normal in a way. That appears to be the general consensus of freight transportation consultancy FTR Associates monthly Shippers Conditions Index (SCI).
Posted on 06/14 at 08:58 AM
FTR Associates •
When FedEx first announced this deal in April, it said it is part of its growth strategy in Europe and is expected to supplement FedEx’ service portfolio in Poland.
Posted on 06/14 at 08:29 AM
Under the agreement, Penske Logistics manages the drivers, vehicles, and freight deliveries for Cardinal’s medical supply chain business serving hospitals.
Posted on 06/14 at 08:02 AM
Penske Logistics •
Wednesday, June 13, 2012
Proponents of intermodal transportation often point to fuel savings as a significant benefit of leveraging intermodal for moving freight.
This decline marked the fifth time in the last six quarters driver turnover has risen, with the rate declining during the fourth quarter of this year, which was preceded by four consecutive quarterly declines.
U.S. logistics costs rose 6.6 percent last year to $1.28 trillion, up $79 billion from 2010, according to the newest State of Logistics report.
At a time when mixed economic signals continue to prevail, May retail sales data from the United States Department of Commerce and the National Retail Federation (NRF) both were down compared to May and up annually.