Norfolk Southern to Acquire Stretch of Northeast Rail from CP for $217 Million
Norfolk Southern said it plans to acquire a stretch of the Delaware & Hudson rail lines from Canadian Pacific for $217 million.
November 19, 2014New Technology Will Transform Trucking, Jacobs Says
FORT LAUDERDALE, Fla. — Bradley Jacobs, CEO of XPO Logistics, has a vision that many of trucking’s 2014 challenges will be removed by technological breakthroughs such as driverless trucks and drone deliveries combined with advanced analytics.
November 18, 2014Shippers Push Logistics Firms to Help Offset Transport Costs
A tightening market for truck capacity and longer transit times for rail shipments are putting pressure on logistics companies to help shippers manage the movement of goods and to offset the rising cost of transportation.
November 17, 2014Domestic Intermodal Cargo Reaches Milestone, Surpasses International Shipments in 3rd Quarter
Fast-growing domestic intermodal reached a milestone in the third quarter by exceeding international intermodal cargo for the first time on a seasonally adjusted basis, the Intermodal Association of North America reported last week.
November 17, 2014Intermodal Rail Volume Increases 2.2% for Week
U.S. rail intermodal traffic increased 2.2% in the week ended Nov. 8 compared with the same week last year, the Association of American Railroads reported.
November 14, 2014Maersk Profit Rises on Container Volume Gain, Cost Drop
A.P. Moeller-Maersk A/S, operator of the world’s biggest container line, said third-quarter profit increased as it cut costs and boosted box volumes.
November 13, 2014Choice Logistics Appoints New Chief Operating Officer
Choice Logistics has appointed James Adams to chief operating officer, a new position in the New York City-based company.
November 12, 2014Diesel Rises 5.4¢ in First Gain Since June
Diesel’s national average price rose for the first time since June, gaining 5.4 cents to $3.677 a gallon, the Department of Energy reported Nov. 10. Meanwhile, the national average price of gasoline fell again, by 5.2 cents to $2.941 a gallon.
November 10, 2014Third-Quarter Intermodal Volume Rises 5.1%, IANA Says
Truck/rail freight volume rose 5.1% to 4.21 million shipments in the third quarter, the Intermodal Association of North America reported, with renewed strength in the domestic container segment of the intermodal market.
November 10, 2014Truckers to Seek HOS Waiver to Ease Calif. Port Congestion
Southern California port truckers, crippled by extensive delays, intend to seek the first-ever federal hours-of-service rule waiver for the sector in a bid to free up clogged cargo at the two largest U.S. ports.
November 10, 2014