All News Entries
Monday, January 25, 2016
National Retail Federation is leading a coalition of more than 100 groups in sending specific recommendations to the Department of Transportation
Friday, January 22, 2016
One of the chief reasons the Port of Oakland remains so bullish on its future cargo operations is the fact that it is located in the epicenter of innovation, noted the port’s executive Director Chris Lytle yesterday.
The sale of Long Beach Calif.-based non asset-based third-party logistics (3PL) services provider UTi Worldwide to Denmark-based global 3PL DSV for $1.35 billion and $7.10 per share is now official, UTi and DSV officials said today. This follows an October announcement from UTi in which it said it had entered into a definitive agreement to be acquired by DSV.
Posted on 01/22 at 09:04 AM
UTi Worldwide •
Carloads for the week ending January 16 were off 16.6 percent annually at 242,670, and intermodal containers and trailers were up 1.1 percent annually at 263,763.
Posted on 01/22 at 08:41 AM
Thursday, January 21, 2016
In testimony before the United States Senate Commerce Committee on his nomination to become administrator of the Federal Motor Carrier Safety Administration yesterday, Scott Darling, acting administrator and chief counsel Scott Darling addressed next steps for CSA, also known as Compliance, Safety, and Accountability program.
Posted on 01/21 at 01:05 PM
Wednesday, January 20, 2016
Full-year 2015 shipments––at 10,844,363––were up 0.14 percent annually which Panjiva said was much lower than previous years, when U.S. imports showed strong annual growth at a time when the economy was still recovering from a shipment drop that was intact throughout 2008.
Posted on 01/20 at 11:25 AM
The latest chapter of Canadian Pacific’s unsolicited efforts to acquire Norfolk Southern was rolled out earlier this week, with CP writing a letter to the United States Department of Justice (DOJ) in which it asked DOJ to review recent actions by various U.S. railroads that publicly said they are collaborating to block “significant mergers in the railroad industry.”
Posted on 01/20 at 10:30 AM
Ports America, the largest stevedore and terminal operating company in the United States, is realigning its West Coast strategy by investing in Los Angeles, Long Beach, the Pacific Northwest and western Canada.
Posted on 01/20 at 09:48 AM
Diesel gasoline’s average price per gallon fell 6.5 cents this week to $2.112 per gallon. This marks the tenth straight week of declines for a cumulative 38 cents with the current average price at its lowest level since the week of March 23, 2009, when it was at $2.09. The previous lowest comparison week prior to this week’s decline was the week of May 4, 2009, when it was as $2.185.
Posted on 01/20 at 09:09 AM
Diesel Prices •
Tuesday, January 19, 2016
Truck tonnage levels showed modest gains in December to finish 2015, according to data issued today by the American Trucking Associations (ATA).
Posted on 01/19 at 01:07 PM