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Thursday, April 04, 2013

Toronto-based less-than-truckload (LTL) carrier Vitran Corporation Inc. said today that its Board of Directors has appointed board member Bill Deluce as interim president and CEO. Deluce replaces Rick Gaetz, whom resigned as president and CEO and a Director of the Company.
Posted on 04/04 at 11:29 AM
NewsLTLVitran CorporationPermalink


CEVA said that through these efforts—and upon completion of the recapitalization—the company will reduce its consolidated net debt by more than $1.5 billion ($1.2 billion euros) and its annual cash interest expense by more than $173 million ($135 million euros) and also receive a capital infusion of a minimum of $264 million ($205 million euros) for investment in its business plan.
Posted on 04/04 at 10:19 AM
News3PLGlobal LogisticsCEVAPermalink


Approximately 94% of equipment finance industry professionals believe the business conditions will improve or remain the same in the next four months, according to the results of a recent survey.
Posted on 04/04 at 06:59 AM
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Nissan Forklift Corporation, North America announced that it has joined forces with TCM America under a new name, UniCarriers Americas Corporation effective April 1.
Posted on 04/04 at 06:48 AM
NewsMaterials HandlingFork LiftsPermalink


Wednesday, April 03, 2013

Transpacific container shipping lines say a combination of leading market indicators and forward bookings suggest the beginnings of a gradual upturn in cargo volumes. As a consequence, general rate increases (GRIs) appear to be taking hold this month.
Posted on 04/03 at 04:40 PM
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Coming off of a month which saw its highest reading in a year, non-manufacturing activity in March still showed positive signs, according to data released today by the Institute for Supply Management (ISM).
Posted on 04/03 at 12:57 PM
NewsInstitute for Supply ManagementNMIPermalink


According to a Washington Post report, “CBP has postponed the elimination of furloughs to its employees and the elimination of overtime,” which came as a result of the Consolidated and Further Continuing Appropriations Act, 2013, which was signed into law last week.
Posted on 04/03 at 10:11 AM
NewsCustoms & RegulationsPermalink


Vast and sustained economic issues in Europe continue to plague growth, and the situation does not appear to show any meaningful signs of abating, according to the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics
Posted on 04/03 at 08:51 AM
NewsOcean ShippingGlobal Port TrackerPermalink


Tuesday, April 02, 2013

The International Air Transport Association (IATA) released February data showing that air cargo maintained the modest improvement in demand that began in the fourth quarter of 2012.
Posted on 04/02 at 04:17 PM
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Having something to base a wide amount of criteria in the 3PL sector can be challenging for shippers. The Gartner Group’s recent release of its Magic Quadrant for Global Third-Party Logistics Providers aims to help alleviate some of those challenges, which can help shippers to better understand 3PLs and their capabilities when evaluating and selecting a set of providers to meet their needs, according to Gartner.
Posted on 04/02 at 12:57 PM
News3PLGlobal LogisticsGartnerPermalink



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