All News Entries
Friday, November 14, 2014
The Atlanta-based company’s management team made presentations based on theme of “Networked for Growth,” which was comprised of various plans geared towards future revenue and profitability.
Posted on 11/14 at 11:11 AM
Carloads were up 0.2 percent at 297,694, and intermodal units, at 271,113 containers and trailers were up 2.2 percent annually.
Posted on 11/14 at 02:41 AM
Strong market trends continue to favor the trucking sector, which is a theme that has been intact for several months, according to the most recent edition of the Trucking Conditions Index (TCI) from freight transportation forecasting firm FTR.
Posted on 11/14 at 02:05 AM
Thursday, November 13, 2014
The Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that its Freight Transportation Services Index (TSI) saw a 0.3 percent increase from August to September, the most recent month for which data is available.
Posted on 11/13 at 01:49 PM
Freight TSI •
With West Coast port congestion-related issues still firmly intact, various industry stakeholders are pointing out that even though port conditions, especially at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) steps are being taken to help alleviate the current situation. But they caution that any type of immediate resolution or closure is not expected any time soon.
Posted on 11/13 at 12:25 PM
Wednesday, November 12, 2014
There is a short window for Congress to sufficiently increase investment in U.S. infrastructure investment before early 2016 presidential campaigns squash any hope of raising taxes to pay for the estimated additional $100 billion needed over the next five years. That’s the word from Bill Graves, president and CEO of the American Trucking Associations. He spoke at the 28th annual meeting of the North American Transportation Employee Relations Association (NATERA).
Posted on 11/12 at 11:55 AM
Fuel Tax •
Third quarter earnings for global third-party logistics (3PL) services provider CEVA Logistics announced earlier this week were mixed. Along with its earnings release, the company also rolled out its new global operating model, which is focused on increasing, velocity, efficiency, and responsiveness.
Posted on 11/12 at 09:25 AM
global logistics •
Tuesday, November 11, 2014
In a move that may alter the balance of U.S.-flag shipping, Matson, Inc. announced that it is acquiring the stocks of rival carrier, Horizon, and its Alaska operations. Meanwhile, Pasha – a privately-held logistics provider based in the San Francisco Bay Area – will acquire Horizon’s Hawaii operations
Company officials said that this new facility, which follows the company’s recent openings in St. Louis and Chicago, is comprised of office and warehouse space with racking to hold 1,000 pallet positions, cross docking, five standard loading docks and one drive-in door bay, as well as an on-site container freight station.
Posted on 11/11 at 02:56 PM
After 18 weeks of declining or flat prices, the average price per gallon of diesel gasoline, went in a different direction this week: up. The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon rose 5.4 cents to $3.677 per gallon.
Posted on 11/11 at 02:05 PM