RoadOne IntermodaLogistics Receives Investment From Private Equity Firm
RoadOne IntermodaLogistics said it has received an investment from Tritium Partners, a private equity firm based in Austin, Texas.
June 17, 2015Infographic: 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.
TT Archives: Labor Contract
The first National Master Freight Agreement between the Teamsters union and representatives of more than 1,000 trucking companies was signed in Chicago on Jan. 15, 1964.
June 15, 2015Intermodal Rail Traffic Rises to Second-Highest Level This Year
U.S. rail intermodal traffic rose to the second-highest level this year for the week ended June 6, the Association of American Railroads reported.
June 10, 2015Trinity Industries Must Pay $663 Million in Guardrail Defect Case
Trinity Industries Inc., maker of a highway guardrail safety system tied to at least nine deaths, must pay $663 million for defrauding the U.S. government.
June 10, 2015XPO Logistics Acquires Norbert Dentressangle Shares
XPO Logistics Inc. announced it has acquired control of French logistics operator Norbert Dentressangle SA by acquiring the 67% ownership stake held by founder Norbert Dentressangle and his family.
June 8, 2015Intermodal Rail Traffic Surpasses Carloads for First Month on Record
U.S. rail intermodal traffic surpassed carload volume in May for the first month on record, the Association of American Railroads reported.
June 4, 2015Consumer Comfort Falls to Lowest Level Since November
Consumer confidence in the U.S. slipped last week to a six-month low as views of the buying climate softened, indicating a re-acceleration in household spending may be slow to materialize.
June 4, 2015Echo Global Completes Purchase of Command Transportation
Echo Global Logistics Inc. has completed its previously announced $420 million acquisition of Command Transportation, combining two of the eight largest freight brokerage firms in North America.
June 2, 2015XPO Plans Note Sale Linked to Acquisitions
XPO Logistics Inc. will sell $2 billion in notes to provide the balance of the financing for its planned acquisitions of French logistics company Norbert Dentressangle SA and drayage carrier Bridge Terminal Transport Services Inc.
June 1, 2015Shortage of Available Build Slots Weighs Down April Trailer Orders
New trailer orders declined for a third straight month, dropping 31% in April compared with a year earlier, ACT Research reported, attributing the downturn to a shortage of manufacturing capacity rather than weaker demand.
June 1, 2015