Tuesday, August 30, 2011
Class I rail carrier CSX recently announced it has invested $59 million in an intermodal terminal expansion in Columbus, Ohio, which is part of the company’s National Gateway initiative.
Looking at the logistics landscape, it appears that September should be very telling on a number of fronts in terms of how the fourth quarter and beyond may shape up, coupled with numerous legislative efforts on the table (or not, given the current political climate).
Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, said it will be the beneficiary of a cumulative $150 million investment as part of an effort to boost the United States natural gas vehicle sector.
Diesel prices headed north for the first time in a month, rising 1.0 cents to $3.820 per gallon, according to the Department of Energy’s Energy Information Administration.
Monday, August 29, 2011
A ruling issued by the Federal Motor Carrier Safety Administration (FMCSA) focused on mandating usage of electronic onboard recorders (EOBR) for over-the-road motor carriers was overturned by the U.S. Court of Appeals for the Seventh Circuit late last week.
Friday, August 26, 2011
Non asset-based third-party logistics services provider Road Runner Transportation Services (RRTS) continued its aggressive rate of acquisitions this week, announcing it has entered into a definitive merger agreement to acquire the outstanding stock of Prime Logistics Corporation for roughly $97.5 million.
Third-party logistics (3PL) services provider Saddle Creek Corp. recently announced it has opened new facilities in Chicago and Jacksonville, Fla. as part of its strategic plan to grow organically and through new business.
Carload volume—at 300,521—was up 1.1 percent annually, and it was ahead of the week ending August 13, which hit 292,266 and the week ending August 6 at 287,329.
Wednesday, August 24, 2011
The proposed changes would provide greater flexibility to railroads and the FRA in assessing the need for PTC without adversely affecting the safety of America’s rail lines.
Tuesday, August 23, 2011
Since the Massachusetts Port Authority first announced a new weekly cargo service connecting Boston with Halifax, Nova Scotia last June, shippers have been keen on learning more about the “New England-Halifax Shuttle.”