All News Entries
Friday, February 08, 2013
January carloads—at 1,339,604—were down 6.3 percent annually. Intermodal—at 1,168,630 trailers and containers—was up 5.3 percent compared to January 2012.
Posted on 02/08 at 11:39 AM
Rail Freight •
Thursday, February 07, 2013
Net income of $11.8 million—or $0.21 per share—for the fourth quarter was down roughly 50 percent compared to the fourth quarter of 2011 at $23.0 million and $0.41 per share.
Posted on 02/07 at 11:38 AM
Con-way Freight •
Transportation and logistics bellwether UPS continues to make inroads in its healthcare logistics portfolio, with this week’s announcement that it is expanding its global healthcare distribution network in five North American markets, including: Burlington, Ontario, Louisville, Ky., Mira Loma, Calif., Atlanta, Ga., and Reno, Nev.
Posted on 02/07 at 11:37 AM
Wednesday, February 06, 2013
In many ways, the January edition of the Cass Freight Index report released by Cass Information Systems earlier today was much like the one issued by Cass for December in that freight transportation market conditions were relatively flat and possibly heading downward.
The schedule will be comprised of Monday-Saturday package delivery and Monday-Friday mail delivery, which the USPS said would result in roughly $2 billion in annual savings. This plan also factors in employee reassignment and attrition, said the USPS.
Posted on 02/06 at 11:36 AM
Tuesday, February 05, 2013
In its monthly Non-Manufacturing Report on Business, the ISM reported that the index it uses to measure non-manufacturing growth—known as the NMI—was 55.2 in January, down 0.5 percent from December and above the 12-month average of 54.5.
Class I railroad carrier Canadian Pacific (CP) said this week that Keith Creel has been named president and COO, effective today. Creel joins CP from Canadian National Railway Company (CN), where he served as vice president and chief operating officer.
Myriad difficult economic circumstances in the Eurozone, including unemployment, consumer confidence, and especially tight fiscal policies were drivers in the European economy continuing to head for a contraction, which will further hinder trade activity, according to the report.
The International Civil Aviation Organization (ICAO) should serve as the focal point for implementing global air cargo supply chain security standards, the Global Air Cargo Advisory Group (GACAG) says.
Posted on 02/05 at 11:33 AM
Air Cargo •
Air Freight •
The 9.5 cent gain represents the largest weekly increase since the price moved up 6 cents to $4.034 the week of November 11, and it is the first time weekly prices topped the $4 per gallon mark since reaching $4.027 the week of December 3.
Posted on 02/05 at 11:32 AM
Diesel Prices •