U.S. rail carload and intermodal volumes are up, for week ending September 16, reports AAR
September 22, 2023
Rail carloads, at 232,723, eked out a 0.2% annual gain. Intermodal containers and trailers, at 257,067 units, were up 3.3% annually.
Q&A: Cary Davis, American Association of Port Authorities President and CEO-elect
September 22, 2023
In late August, the American Association of Port Authorities (AAPA) announced that its Board of Directors announced that, effective October 1, Cary Davis will become its new President and CEO. Davis joined AAPA in November 2019 and has played key public policy roles for the organization in his roles as VP of Government Relations, General Counsel and Board Secretary.
Estes’ $1.52 billion bid beats ODFL’s bankruptcy offer for Yellow terminals
September 22, 2023
The first big winner in the bankruptcy dismantling of Yellow Corp. is less-than-truckload (LTL) rival, Richmond, Va.-based Estes Express, the nation’s fourth-largest LTL carrier.
FedEx reports mixed fiscal first quarter earnings, with Ground up 3%
September 21, 2023
Quarterly revenue—at $21.7 billion—was down 7% annually, and operating income—at $1.49 billion—increased 25%. Net income, at $1.08 billion, topped the $875 million recorded for the same quarter a year ago. Adjusted earnings per share came in at $4.23, up 24% annually and topping Wall Street expectations, at $3.70.
Ryder announces the official entrance of its BrightDrop Zevo 600 electric vans
September 21, 2023
Earlier this week, Miami-based Miami-based freight transportation and logistics services provider heralded the initial rollout of its BrightDrop Zevo 600 electric vans at four strategic facilities in California, Texas, and New York.
Success in Volatile Markets: How High-Tech Companies can Optimize Their S&OP Process
September 20, 2023
Join our webinar, hosted by Adrian Wood and Robert Oliver from Dassault Systèmes, to discuss an integrated approach to S&OP and how advanced modeling and optimization capabilities allow you to achieve key results:
ATA August tonnage readings are mixed
September 20, 2023
The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for August, came in at 115.3 (2015=100), for a 0.2% gain over July. July saw a 1.1% sequential gain, which was revised from an initial reading of 112.9, for a 0.8% decrease, reported by ATA on August 22 and a 0.3% June decline, which registered a 113.8 reading.