$1 Billion Policy Created to Cover Rail Catastrophes
American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle losses from catastrophic accidents as more crude oil is shipped by trains.
October 9, 2014Infographic: 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.
Surface Transportation Board Demands More Detailed Rail Service Reports
The Surface Transportation Board said it is ordering all major freight railroads to submit more detailed service reports starting later this month in the wake of ongoing delays.
October 9, 2014Schneider Raises Van Truckload Driver Pay
Schneider has raised van truckload driver pay by 8-13% in mileage and bonus pay, after increases for tanker and dedicated account drivers.
October 8, 2014Newgistics Expands Parcel Delivery Service
Newgistics, an e-commerce provider, announced the international expansion of its parcel delivery and return services.
October 6, 2014Trailer Orders Soar 56.9% in Strongest August in 20 Years
New trailer orders totaled 25,191 in August, a 56.9% jump from a year earlier and the highest level for that month in 20 years, ACT Research reported.
October 6, 2014Last Weeks of September Set Intermodal Rail Volume Record
The second, third and fourth weeks of September were the three highest intermodal rail volume weeks on record for U.S. railroads, the Association of American Railroads reported.
October 3, 2014Seko Logistics Acquires Stake in e-commerce Firm
Seko Logistics has acquired an equity stake in Metakinetic, an e-commerce company.
October 2, 2014Logistics Firm Network FOB Acquires Interlog USA
Network FOB, a Jacksonville, Florida-based logistics firm, has acquired international transportation company Interlog USA Inc. Terms were not disclosed.
October 2, 2014Oil-by-Rail Safety Rule Seen Adding Costs: Railroads, API
Proposed federal rules to make hauling crude oil by rail safer and avoid fiery wrecks would drive up costs and put the U.S. energy revival at risk, the head of an oil industry trade group said.
September 30, 2014Consumer Confidence Declines to Four-Month Low
Confidence among U.S. consumers declined in September to a four-month low as Americans’ views of the labor market deteriorated.
September 30, 2014