All News Entries
Monday, April 29, 2013
A report in the Washington Post published yesterday stated that Charlotte, N.C. Mayor Anthony Foxx will be nominated by President Barack Obama to replace outgoing United States Department of Transportation (DOT) Secretary Ray LaHood.
Posted on 04/29 at 10:12 AM
On top of announcements heralding its first quarter earnings and its brokered deal with union membership last week, transportation and parcel bellwether UPS made inroads on other fronts, too, including its planned acquisition of CEMELOG, Zrt., a pharmaceutical logistics company based in Hungary, and rolling out its plan to purchase roughly 700 liquefied natural gas (LNG) vehicles and build four refueling stations by the end of next year.
Posted on 04/29 at 09:31 AM
Friday, April 26, 2013
UPS said yesterday that it has reached a tentative agreement with the Teamsters on two, new five-year contracts for UPS’s small package and freight business units.
Carload volume—at 276,662—was down 2 percent annually, and intermodal—at 240,698 trailers and containers—was up 0.6 percent.
ATA officials said that seasonally-adjusted tonnage has now shown gains in four of the last five reported months and is up 7.6 percent going back to November 2012.
Thursday, April 25, 2013
U.S. growth projections are particularly high, from a $2.5b market in 2011 to $9b in 2021.
Earlier this week, the United States Postal Service (USPS) said that it is keeping its domestic air services in the hands of FedEx, its current provider, with a seven-year contract for Priority and Express Mail services.
Posted on 04/25 at 12:35 PM
YRCW officials said that that the network optimization is a key component of YRC Freight's strategy to continuously improve customer service by reducing the handling of shipments and excess time in transit.
Posted on 04/25 at 11:36 AM
YRC Worldwide •
YRC Freight •
UPS reported today that first quarter revenue rose 2.2 percent year-over-year to $13.43 billion, with operating profit up 0.7 percent at $1.58 billion. Quarterly earnings per share—at $1.04—saw a 7.4 percent gain and beat Wall Street analysts expectations of $1.01 per share.
Posted on 04/25 at 09:36 AM
Global Logistics •
Wednesday, April 24, 2013
With the global shipping industry showing increased interest in the use of LNG (Liquefied Natural Gas) as a fuel for vessels, members of the International Association of Ports and Harbors are laying the groundwork for how ports worldwide can accommodate this emerging trend.