Thursday, April 04, 2013
Toronto-based less-than-truckload (LTL) carrier Vitran Corporation Inc. said today that its Board of Directors has appointed board member Bill Deluce as interim president and CEO. Deluce replaces Rick Gaetz, whom resigned as president and CEO and a Director of the Company.
Posted on 04/04 at 11:29 AM
Vitran Corporation •
CEVA said that through these efforts—and upon completion of the recapitalization—the company will reduce its consolidated net debt by more than $1.5 billion ($1.2 billion euros) and its annual cash interest expense by more than $173 million ($135 million euros) and also receive a capital infusion of a minimum of $264 million ($205 million euros) for investment in its business plan.
Posted on 04/04 at 10:19 AM
Global Logistics •
Approximately 94% of equipment finance industry professionals believe the business conditions will improve or remain the same in the next four months, according to the results of a recent survey.
Posted on 04/04 at 06:59 AM
Nissan Forklift Corporation, North America announced that it has joined forces with TCM America under a new name, UniCarriers Americas Corporation effective April 1.
Wednesday, April 03, 2013
Transpacific container shipping lines say a combination of leading market indicators and forward bookings suggest the beginnings of a gradual upturn in cargo volumes. As a consequence, general rate increases (GRIs) appear to be taking hold this month.
Posted on 04/03 at 04:40 PM
Motorola's digital two-way radios are the ideal way to reach drivers any time and know where they are all the time. You get the same push-to-talk services at a lower cost and the flexibility to choose the right radio for each driver.
Posted on 04/03 at 03:45 PM
White Papers •
Coming off of a month which saw its highest reading in a year, non-manufacturing activity in March still showed positive signs, according to data released today by the Institute for Supply Management (ISM).
According to a Washington Post report, “CBP has postponed the elimination of furloughs to its employees and the elimination of overtime,” which came as a result of the Consolidated and Further Continuing Appropriations Act, 2013, which was signed into law last week.
Posted on 04/03 at 10:11 AM
Customs & Regulations •
Vast and sustained economic issues in Europe continue to plague growth, and the situation does not appear to show any meaningful signs of abating, according to the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics
Tuesday, April 02, 2013
The International Air Transport Association (IATA) released February data showing that air cargo maintained the modest improvement in demand that began in the fourth quarter of 2012.
Posted on 04/02 at 04:17 PM