Friday, July 29, 2011
Second quarter earnings for Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, were strong, with total revenue up 37.9 percent at $151.5 million.
The survey found that larger carriers—those with more than $25 million in revenue—are twice more likely to be interested in buying a company compared to smaller carriers (with less than $25 million in revenue).
Thursday, July 28, 2011
Rail traffic was up slightly for the week ending July 23, according to data released by the Association of American Railroads (AAR).
Posted on 07/28 at 12:02 PM
Rail Freight •
An edict from the European Union (EU) focused on emissions reduction is drawing the ire of the United States Congress and the air cargo industry.
Wednesday, July 27, 2011
Given the uncertain nature of the economy, coupled with lessons learned from DHL Express in the U.S. and how it was forced to exit the U.S. market not all that long ago, this seems like the right move by Schenker. After all, should things improve, it can always come back with dedicated air cargo service here in the U.S.
At a time when economic momentum continues to fluctuate, new orders for durable goods showed in June did nothing to quell that notion, falling 2.1 percent—or $4.0 billion.
Data published this week by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicated that June marked the third straight month to see a decline in U.S. commercial trailer net orders with a 26 percent decrease from May.
UPS said this week that it has begun operating flights into Chengdu, China as part of an effort to expand its connections between Asia, Europe, and the United States.
Tuesday, July 26, 2011
FedEx officials said that this deal will allow FedEx Express to provide a wider range of domestic and international transportation and logistics offerings in Mexico