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Monday, July 19, 2010
Earlier today, ATC Corporation, a provider of logistics and remanufacturing services for the high-tech and automotive industries, said it has entered into a definitive agreement and plan of merger pursuant to be acquired by third-party logistics (3PL) services provider Genco Distribution System Inc, for $512.6 million.
Even though various metrics of late indicate the economy maybe slowing down, a recent decline in a transportation-focused economic survey does not necessarily make it so.
As a follow-up to a sustainability push launched last October, UPS recently announced it is expanding its Carbon Neutral shipping program to 35 countries and territories throughout Asia, Europe, and the Americas.
Friday, July 16, 2010
Steady economic improvement throughout the course of the second quarter paved the way for an excellent performance for trucking and intermodal services provider J.B. Hunt.
Con-way Truckload, a subsidiary of transportation and logistics services provider Con-way, said this week it has introduced a new offering for shippers to better utilize trailer space, as well as better effectively secure freight to prevent shipment damage.
Penske Truck Leasing, a subsidiary of global transportation services provider Penske Corporation, said this week it has opened up a new facility in Tijuana, Mexico.
Posted on 07/16 at 09:18 AM
Railroad volumes for the week ending July 10 were down year-over-year and compared to 2008, according to the Association of American Railroads (AAR).
Thursday, July 15, 2010
Even though year-over-year comparisons were relatively easy, June volumes at the Ports of Los Angeles (POLA) and the Port of Long Beach (POLB) turned in strong performances.
The market for Class 8 vehicles continues to show sustained strength, according to recent data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
In a move designed to expand its services in the Midwest, less-than-truckload (LTL) transportation services provider New England Motor Freight (NEMF) said this week it has opened up a new terminal in Toledo, Ohio.