Tuesday, December 10, 2013
Toronto-based less-than-truckload carrier and transportation services provider Vitran Corporation Inc. announced this week that it has entered into a definitive agreement to be acquired by Manitoulin Transport Inc., a Pembroke, Ontario-based provider of LTL transportation services.
Posted on 12/10 at 11:40 AM
Vitran Corporation •
The average price per gallon of diesel gasoline dropped 0.4 cents to $3.879 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).This snapped a two-week stretch in which prices headed up a cumulative 6.1 cents.
Posted on 12/10 at 11:08 AM
Boosted by some promising signs in the United States economy, the most recent edition of the Port Tracker report from the National Retail Federation and maritime consultancy Hackett Associates is calling for a positive end to 2013 in terms of annual import growth at U.S.-based retail container ports.
Posted on 12/10 at 10:02 AM
Port Tracker •
Ocean Cargo •
Monday, December 09, 2013
Ballots are going out Tuesday to about 26,000 Teamsters on continuation of a wage and pension concession package that will save the ailing carrier about $100 million annually. Results of the rank-and-file vote will be announced Jan. 8 and could go a long way in determining the future of 80-year-old YRC, which has lost in excess of $2.6 billion in the last decade.
Posted on 12/09 at 12:41 PM
YRC Worldwide •
YRC Freight •
Alan Gershenhorn, senior vice president of Worldwide Sales, Marketing and Strategy for UPS, says e-commerce has significantly changed how retailers fulfill orders and replenish stock—whether at the store, an online storefront or from a distribution center.
Posted on 12/09 at 11:48 AM
The thesis of “better things to come in 2014” in North Europe remained intact, according to the most recent edition of the North Europe Global Port Tracker report produced by maritime consultancy Hackett Associates and the Institute of Shipping Economics and Logistics.
Recent developments demonstrate that the World Trade Organization is not such a dysfunctional entity after all.
Posted on 12/09 at 09:46 AM
Global Trade •
Friday, December 06, 2013
Unifor said yesterday that a tentative deal has been reached for a new contract for DHL Express members in Canada.
Posted on 12/06 at 02:00 PM
The trend of bumpy end-of-the-year economic activity remained intact in November, according to the most recent edition of the Cass Freight Index Report.
Carloads—at 1,145,353—were up 1.3 percent, and intermodal—at 1,007,549 trailers and containers—was up 7.8 percent.