Roadrunner Acquires Logistics Firm Integrated Services
Roadrunner Transportation Systems has acquired regional logistics firm Integrated Services for $13 million.
July 21, 2014Hub Group’s Second-Quarter Profit Rises
Hub Group Inc. said its second-quarter net income increased to $18.7 million, or 51 cents a share, from $18.6 million, or 50 cents, in the comparable period last year. Revenue rose 7% to $894 million.
July 18, 2014Intermodal Rail Traffic Rises 3.2% for Week
U.S. rail intermodal traffic increased 3.2% in the week ended July 12 compared with the same week last year, the Association of American Railroads reported.
July 18, 2014CSX Net Income Rises 1.5%
CSX Corp. reported second-quarter net income rose 1.5% to $529 million, or 53 cents per share, helped by revenue increases in the intermodal, chemicals and agricultural products freight.
July 15, 2014US Appeals Court Upholds Calif. Meal Break Law in Penske Case
A U.S. appellate court last week upheld a California law requiring employers to provide a paid 30-minute meal break for employees working more than five hours, reversing a lower court that had ruled a federal law pre-empted the state requirement for truckers.
July 14, 2014Intermodal Rail Volume Rises 10.5% for Week
U.S. rail intermodal traffic increased 10.5% in the week ended July 5 compared with the same week last year, the Association of American Railroads reported.
July 11, 2014ChassisFinder.com Launches App
Chassis-reservation website Chassisfinder.com said it has developed the first app to allow truck drivers and logistics companies to find and reserve chassis.
July 8, 2014Logistics Software Firms Accellos, HighJump Merge
Logistics software firms Accellos and HighJump Software have merged under the name HighJump, the companies said. Terms were not disclosed.
July 8, 2014Stoughton Parent Acquires Barrett Trailers
STI Holdings Inc., the parent company of Stoughton Trailers, said it has acquired Barrett Trailers, a maker of trailers to haul cattle and hogs.
July 2, 2014Trailer Orders Jump 52.2%
Trailer orders in May rose to the highest level for that month since 1998, continuing the strong growth trend that has been building this year, ACT Research reported.
June 30, 2014