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Saturday, February 04, 2012
In keeping with a trend to shed assets, Maersk Inc. is selling its subsidiary, Maersk Equipment Services Company.
Friday, February 03, 2012
Shortly after the House Transportation & Infrastructure Committee rolled out its five-year, $260 billion federal transportation authorization, entitled the American Energy and Infrastructure Act, a key component of it centered around trucking productivity was stripped from the bill’s language during a markup session by the committee.
The January NMI—at 56.8—is up 3.8 percent over December’s and is at its highest level since reaching 56.3 in March 2011.
Revenue—at $1.32 billion—was up 8.7 percent over last year’s $1.21 billion.
The company is building a 108,000 square-foot building, which company officials said will be dedicated to its engineering, customer service, and R&D staffing, and testing facilities.
Thursday, February 02, 2012
Fourth quarter transportation and logistics merger & acquisition activity was not as strong as it was in the third quarter, but the end results were mostly impressive, according to PricewaterhouseCoopers.
When it comes to economic conditions in Europe, it is not a stretch to say that things are likely to get worse before they get better. That is the consensus of the most recent edition of the Global Port Tracker Report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Truck size and weight is perhaps the most controversial measure included in the 600-page proposed highway bill that is currently being marked up by the House Transportation and Infrastructure Committee.
Posted on 02/02 at 09:51 AM
Fanning out to lobby hundreds of members of Congress on the eve of an important highway bill mark-up, approximately 100 shippers and 12 associations blanketed Capitol Hill in an unprecedented “Stand Up for Trucking” event on Feb. 1.
Wednesday, February 01, 2012
Manufacturing picked up in 2012 where it left off in 2011: in growth mode. The ISM's PMI hit 54.1 in January, which was 1.0 percent better than January’s 53.1.