All News Entries
Thursday, March 17, 2011
Net income for the quarter—at $231 million—was down 3 percent from last year’s $239 million, but quarterly revenue at $9.66 billion was up 11 percent from last year’s $8.70 billion. Operating income—at $393 million—was down 6 percent year-over-year.
Following last Friday’s earthquake and subsequent tsunami, nearly all Japanese automakers have idled production, owing to either physical damage or rolling blackouts.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 24.3 percent in 2010 compared to 2009, increasing to $791 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics.
Supply chain consultancy Armstrong & Associates has introduced a new product designed to provide shippers with a way to share customer relationship experiences about their third-party logistics (3PL) providers.
Wednesday, March 16, 2011
A bipartisan group of senators this week has introduced legislation that they said would help to close the country’s widening infrastructure funding gap, serve as a job creator, and enhance U.S. competitiveness. The legislation, drafted by Senators John Kerry (D-MA), Kay Bailey Hutchison (R-TX) and Mark Warner (D-VA), is entitled the BUILD (the Building and Upgrading Infrastructure for Long-Term Development) Act.
Volume gains continued on a steady pace at the Port of Los Angeles and the Port of Long Beach in February.
With the closing of three Japanese ports — Sendai, Hitachinaka and Kashima — some U.S. manufacturers and retailers may be opting for air cargo alternatives to meet shipping and sourcing deadlines.
Tuesday, March 15, 2011
The long-term financial health outlook for less-than-truckload transportation services provider YRC Worldwide remains cloudy based on details in a 10-K annual report filed with the Securities and Exchange Commission yesterday.
In a letter to Department of Transportation Secretary Ray LaHood, DeFazio expressed his concern about the plan to allow Mexican trucking companies to operate long-haul trucking operations in the U.S.
USPS officials said that upon ratification by union membership-expected-in the next two months, this deal will run through May 20, 2015 and impact roughly 205,000 employees.