All News Entries
Thursday, February 20, 2014
Various cargo and port productivity issues have prompted the Retail Industry Leaders Association (RILA) to call on leadership at the Port of New York/New Jersey over disruptions occurring at the port which RILA Vice President, Government Affairs Kelly Kolb said in a letter to the port’s Executive Director Patrick J. Foye and Deputy Executive Director Deborah L. Grammiccioni have had damaging consequences on the delivery of retailers’ goods.
Wednesday, February 19, 2014
Seasonally-adjusted (SA) truck tonnage in January dropped 4.3 percent, following a 0.8 percent drop in December, and the not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment was 122.3 in January.
Posted on 02/19 at 08:02 AM
Following steps taken in 2011 to mandate new heavy-duty truck fuel efficiency standards going into effect this year and running through 2018, President Barack Obama said this week he is again upping the ante for further fuel economy standards for heavy-duty trucks that will head into next decade.
Posted on 02/19 at 03:36 AM
White House •
Tuesday, February 18, 2014
DHL Global Forwarding, a subsidiary of global express delivery and logistics services provider DHL, recently announced it has launched a temperature-controlled air freight service going to and from Brussels and Cincinnati.
Merger and acquisition (M&A) activity in the transportation and logistics sector in the fourth quarter of 2013 fared well, posting the second highest quarterly deal volume and value in the last three years, even though 2013 overall deal volume and value did not fare nearly as well, according to Pricewaterhouse Coopers’ (PwC) report, “Intersections: Fourth Quarter 2013 global transportation and logistics industry mergers and acquisitions analysis.”
Monday, February 17, 2014
Freight transportation and logistics services provider Averitt Express recently announced it has added climate-controlled services for shippers in the form of self-powered, less-than-truckload (LTL) shipping units.
Posted on 02/17 at 04:43 AM
Averitt Express •
YRC Worldwide, in a major refinancing aimed at lowering its annual interest payments and increasing liquidity for badly needed recapitalization, has refinanced approximately $1.1 billion in debt under much more favorable terms for the 90-year-old trucking company.
Posted on 02/17 at 03:58 AM
YRC Worldwide •
Friday, February 14, 2014
When Retail Industry Leader Association (RILA) President Sandy Kennedy spoke with LM recently, she emphasized that her organization will continue to urge Congress to grant Trade Promotion Authority so that we can move forward with important trade deals such as the Trans-Pacific Partnership, the Trade in Services Agreement, and the Trans-Atlantic Trade and Investment Partnership.
Posted on 02/14 at 04:18 AM
Carloads—at 261,254—were down 4.3 percent annually, and intermodal—at 246,114 containers and trailers—was up 0.6 percent compared to the same week a year ago.
Posted on 02/14 at 04:03 AM
Thursday, February 13, 2014
A combination of harsh January weather and post-holiday consumer malaise appear to be the drivers for lower retail sales for the month, according to data released by the National Retail Federation and the United States Department of Commerce.