All News Entries
Tuesday, February 08, 2011
In a development that may signal a shift in global marine terminal operations, Zebra Technologies Corporation announced that it has entered into a definitive agreement to sell its Navis business to Cargotec Corporation.
Keeping in line with the fourth quarter of 2010, preliminary net orders of heavy-duty Class 8 commercial vehicles for North America markets at 27,300 units were up 320 percent year-over-year in January, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Global third-party logistics (3PL) services provider Jacobson Companies recently announced it has established a strategic partnership with Rhenus Logistics, a European 3PL.
Monday, February 07, 2011
More than $10 million in counterfeit electronics, stolen merchandise and bank receipts have been recovered as a result of a cargo theft investigation initiated by Los Angeles Port Police.
UPS announced earlier today that it has expanded its UPS Express Freight service into Israel and Slovakia. Company officials said that this effort will serve expanding hubs for high-tech, industrial, and automotive shippers.
Posted on 02/07 at 01:36 PM
Global Logistics •
Following a decline in December freight shipments, the first month of 2011 continued that trend, according to the most recent edition of the Cass Information Systems Freight Index.
Friday, February 04, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported net income of $23.1 million—of $0.49 per share—for the fourth quarter of 2010.
The International Air Transport Association reported full-year 2010 demand statistics for international scheduled air traffic that showed a 20.6 percent increase in freight
Posted on 02/04 at 10:40 AM
Air Cargo •
Railroad traffic for the week ending January 22 was up again on an annual basis, according to data released by the Association of American Railroads (AAR).
There is a not-so-subtle change in pricing power away from shippers and toward carriers in the (less-than-truckload) LTL sector. Shippers may have already noticed discounts are falling, and rates are rising.