TransForce Says Acquisition of Clarke Units Will Close Jan. 1
TransForce Inc. said its acquisition of two units of Clarke Inc. will be completed by Jan. 1.
December 20, 2013Infographic: 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.
Swift Lowers 4Q Profit Expectations
Swift Transportation Co. said it will earn a profit of 33 cents to 36 cents per share in the fourth quarter, lower than its estimate of 40 cents.
December 20, 2013Rail Intermodal Shipments Hit Record
U.S. rail intermodal traffic set a record last week of 12.4 million shipments in a year, surpassing the previous mark of 12.28 million set in 2006.
December 19, 2013Schneider National Launches Intermodal Chassis Fleet
Schneider National Inc. said it is launching a new company owned and managed fleet of intermodal freight chassis.
December 17, 2013Radiant Logistics Announces Stock Sale
Radiant Logistics Inc. announced the sale of $20 million worth of preferred stock, with the intent of paying off a balance owed for senior subordinated notes.
December 16, 2013XPO to Buy Web-Based Freight Auction Site From Landstar System for $87 Mln. in Cash
XPO Logistics Inc. said it has agreed to purchase NLM, a Web-based freight auction site, from Landstar System Inc. for $87 million in cash.
December 16, 2013Diesel Price Dips 0.4¢ to $3.879, Resumes Slide After Two Gains
U.S. diesel prices dipped 0.4 cent to a national average of $3.879 a gallon, ending two weeks of increases that were the fuel’s only upturns in the past three months, the Department of Energy reported Dec. 9.
December 16, 2013Intermodal Rail Volume Rises 9.4% for Week
Intermodal rail volume for the week ended Dec. 7 rose 9.4% from the same period last year, the Association of American Railroads reported.
December 13, 2013XPO Agrees to Buy Landstar Unit for $87 Million
XPO Logistics Inc. said Dec. 11 it has agreed to purchase NLM, a web-based expediter, from Landstar System for $87 million in cash.
December 11, 2013Intermodal Rail Traffic Highest on Record in November
The weekly average intermodal rail volume for November rose to the highest level on record, the Association of American Railroads reported.
December 6, 2013