TRAC Intermodal Reports 2015 Profit, Reverses Year-Earlier Loss
Chassis provider TRAC Intermodal reported 2015 net income of $26.7 million, reversing a year-earlier loss of $3 million as revenue improved 10%.
March 4, 2016Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Consumer Comfort Falls to Lowest Level of the Year
Consumer confidence declined in the last week of February to the lowest level of the year as Americans’ perceptions about the economy and the buying climate waned.
March 3, 2016CSX Surges After Report of Canadian Pacific Takeover Interest
CSX Corp. jumped as much as 8% after the close of trading in New York, following a report that Canadian Pacific Railway approached the U.S. railroad about a takeover in January and was rebuffed.
March 2, 2016Big Cargo Ship in Seattle Signals Big Stakes as Nation's Ports Compete
The largest cargo ship to visit the United States, the CMA CGM Benjamin Franklin, arrived in Seattle on Feb. 29 to greetings from Mayor Ed Murray and other dignitaries, and a flurry of media coverage.
March 1, 2016Shippers' Desire for Data Offers Fleets Opportunities
NASHVILLE, Tenn. — Shippers remain more data-driven than ever, and that can present opportunities for carriers, a panel of experts said.
February 29, 2016272-Year Old Shipping Exchange Gets Acquisition Offer from Singapore
Singapore Exchange is seeking to buy Baltic Exchange, the 272-year-old London-based provider of information on global shipping costs.
February 29, 2016XPO Posts Wider 4Q Loss, Sees Progress on Con-way Integration
XPO Logistics’ fourth-quarter earnings report last week provided the first real glimpse into its long-term financial performance after the 2015 acquisition spree that quadrupled revenue and saw it scoop up Con-way Inc., its largest asset and a major potential profit center.
February 29, 2016Universal Truckload Services Proposes Name Change
Transportation and logistics services provider Universal Truckload Services Inc. announced plans to change its name to Universal Logistics Holdings Inc. as part of a rebranding effort.
February 26, 2016XPO Logistics Reports Fourth-Quarter Loss of $62.8 Million
XPO Logistics Inc. reported fourth-quarter results that included a loss of $62.8 million, or 58 cents per share, and a glimpse of less-than-truckload performance at the former Con-way Freight unit that was acquired in October.
February 25, 2016Schneider Opens Warehouse to Support Northeastern Ports
Truckload carrier Schneider has opened a 147,500-square-foot warehouse in Port Reading, New Jersey, to serve shippers utilizing Northeastern ports.
February 23, 2016