Port of Seattle May Block Sale of Bankrupt Hanjin's Waterfront Operation
The Port of Seattle is objecting to the sale of the operations center at Terminal 46, where bankrupt South Korean shipping company Hanjin is trying to unload its business to one of the world’s largest cargo firms.
January 10, 2017Illinois Town Fights Proposed Intermodal Terminal
In Illinois, Crete Township residents tried to convince Will County officials not to support an overpass, fearing it would pave the way for a proposed intermodal facility that they oppose.
January 9, 2017Editorial: Welcome to TRB
Twelve thousand people from around the world are so devoted to transportation, in all of its many forms, that they are traveling to Washington, D.C., this week to participate in the 96th annual meeting of the Transportation Research Board.
January 9, 2017Nonbank Lending Rises in Late 2016; Truckers Struggle for Traditional Loans
Nontraditional bank lending to trucking companies picked up moderately in the second half of 2016 as fleets sought to survive during a sluggish freight market, according to lenders with exposure in transportation financing.
January 9, 2017Intermodal Shipments Drop 1.6% in 2016; Downturn Ends 4 Years of Record Growth
For the first time since 2009, the number of container and trailer units transported on intermodal rail fell on a year-over-year basis, according to 2016 totals from the Association of American Railroads.
January 9, 2017Trucking Executives Frustrated Shippers Trying to Lock In Low Rates
While many in the industry believe this year will be better than 2016, trucking executives are concerned about shippers trying to lock in low rates to get ahead of the curve on the contract market.
January 6, 2017Best Logistics Group Acquires Carpet Distribution Firm
Best Logistics Group has purchased C&S Carpet Distribution, a carrier based in Dalton, Georgia, that provides consolidation and delivery services for manufacturers of carpet and floor coverings located in Northwest Georgia.
January 6, 2017Union Pacific Acquires Fruit, Vegetable Shipping Firm Railex
Union Pacific, the nation’s largest railroad, has acquired the refrigerated and cold-storage facilities of Railex in Rotterdam, N.Y., Wallula, Washington, and Delano, California.
January 6, 2017Intermodal Traffic Drops in 2016, First Annual Drop Since 2009
After four consecutive years of record-breaking intermodal growth in the railroad industry, container and trailer traffic dropped 1.6% in 2016, according to data from the Association of American Railroads.
January 4, 2017Construction Begins on New Jersey Intermodal Terminal
Construction has begun on an intermodal terminal at the Global Container Terminals in Bayonne, New Jersey, to connect on-site to CSX and Norfolk Southern railroads and to offer an alternative that could result in fewer containers being placed on trucks.
January 4, 2017