Friday, May 10, 2013
Freight transportation consultancy says that continued moderate growth in conjunction with HOS and other regulations, will cause trucking rates to firm up in the coming months and improve carrier profitability.
Posted on 05/10 at 09:29 AM
FTR Associates •
CEVA CEO Marv Schlanger said that his company's recapitalization will make for a stronger balance sheet for CEVA, which will enable the company to grow faster and better compete in the logistics and supply chain marketplace.
Posted on 05/10 at 06:45 AM
Global Logistics •
Carload volume—at 283,916—was up 2.8 percent annually, and intermodal—at 245,678 trailers and containers—was up 2.8 percent.
Posted on 05/10 at 06:28 AM
Thursday, May 09, 2013
ABF says it is focused on its ongoing labor negotiations and other strategic and operational initiatives and that a transaction with YRC is not appropriate at this time.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 0.3 percent from February to March.
Following a March decision by the Los Angeles Board of Harbor Commissions to recommend approval of Class I railroad carrier BNSF Railway’s Southern California International Gateway (SCIG) project, BNSF received more good news yesterday, when the Los Angeles City Council voted to approve the $500 million project.
Wednesday, May 08, 2013
Non asset-based 3PL XPO Logistics reported first quarter results yesterday and also announced that it acquired Interide Logistics, a freight brokerage business.
First quarter revenue for XPO Logistics—at $114.0 million—was up 155.8 percent annually, and gross margin dollars increased 140.0 percent annually to $16.3 million, with gross margin percentage up 14.3 percent.
Posted on 05/08 at 12:46 PM
XPO Logistics •
Senator Frank Lautenberg (D-NJ) this week reintroduced legislation, entitled the Safe Highways and Preservation Act of 2013 (SHIPA), which is geared to keep bigger and heavier trucks off the road and apply existing federal truck size and weight limits to the entire National Highway System, rather than interstate highways, which is the case today.
Despite higher than expected transportation expenses being the primary factor in landed cost budget variances, most importers do not have a formal solution to manage international transportation.
While UPS and the Teamsters Union came to a tentative agreement on two, new five-year contracts for UPS’s small package and freight (less-than-truckload) business units last week, one of its key delivery services, UPS SurePost, may be subject to some changes if the deal is formally ratified.
Posted on 05/08 at 08:36 AM