All Entries

Friday, September 17, 2010

The Long Beach Express service will have first departures from Hong Kong and Yantian and a new second weekly call at Shanghai.

Metro Atlanta-based dedicated short-haul truckload carrier James Brown Contracting Inc. announced it as acquired Schrader Trucking Co, a Jefferson City, Tennessee-based dry van truckload carrier.

Global third-party logistics services provider OHL announced it has opened up new locations in Sparks, Nevada and Dallas and is also moving its existing location in Gainesville, Georgia to a larger facility.

Thursday, September 16, 2010

Earlier this week, UPS said it has rolled out a new less-than-container (LCL) service between Japan and the United States.

On its fiscal first quarter earnings call earlier today, FedEx announced some significant changes for FedEx Freight, its less-than-truckload (LTL) unit

FedEx got fiscal year 2011 off to a strong start, with net income of $380 million for the quarter for a 110 percent increase from $181 million during the same timeframe a year ago.

Wednesday, September 15, 2010

Earlier today, Senator John D. (Jay) Rockefeller (D-WV) released a report entitled “The Current Financial State of the Class I Freight Rail Industry,” which takes Class I railroads to task for what he described as earning record profit margins at the expense of shipper customers.

Imports lead the way at both ports, while exports show sequential declines.

Following a nearly 2 percent gain in July, the results from the most recent Ceridian-UCLA Pulse of Commerce Index (PCI) took a slight dip in August

Retail sales and business inventories hit levels in August that topped expectations. There are two ways to look at this, I suppose: one being economic expectations these days are relatively low, and the other being that it is—and will remain—a long, slow crawl back to a sustained economic recovery.