All News Entries

Sunday, December 19, 2010

Truck tonnage was essentially flat in November compared with October, according to data released by the American Trucking Associations. Following a cumulative 2.8 percent increase over September and October, the ATA’s advance seasonally-adjusted (SA) For-Hire Truck Tonnage index was down 0.1 percent in November.

Volumes at the Port of Los Angeles (POLA) and Port of Long Beach (POLB) were solid year-over-year in November and mixed on a sequential basis.

Friday, December 17, 2010

In a development that represents a contrary trend in ocean cargo shipping, the Horizon Hawk has departed Shanghai for Los Angeles last week on the inaugural voyage of the company's new Transpacific Five Star Express (FSX) service

A federal judge in the U.S. District Court ruled against ABF Freight Systems in its case against the International Brotherhood of Teamsters, various subsidiaries of YRC Worldwide and other entities following a ratified labor agreement by YRCW Teamsters members.

Third-party logistics (3PL) services provider Saddle Creek Corp. said this week it has acquired San Diego-based ProLog Logistics Inc., a provider of warehousing and fulfillment services.

While the nearly $860 billion tax cut bill is heading to President Obama to be signed into law, it would not only mean that income taxes remain at current levels, it would also mean good news is coming down the track for short line railroads.

The Association of American Railroads (AAR) reported that railroad volumes for the week ending December 11 were up compared to the same timeframe a year ago.

The U.S. Chamber of Commerce has praised the administration’s efforts to deliver meaningful outcomes for American business at the bilateral dialogue to promote U.S.-China commercial relations

Thursday, December 16, 2010

FedEx announced today it has signed an agreement to acquire Mexico-based domestic express package delivery company MultiPack.

A combination of factors led to net income for the fiscal second quarter at FedEx to drop 18 percent to $283 million, according to the company’s earnings announcement today.