Expanded Canal Offers Only Modest Savings to Shippers, U.S. Maritime Consultant Says
The expansion of the Panama Canal will have the greatest effect on shipments to a handful of states stretching from Ohio to Georgia but will offer only modest cost savings to shippers, a consultant to the U.S. Maritime Administration said.
February 23, 2012Infographic: 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.
XPO Logistics Posts Fourth-Quarter Loss
XPO Logistics said it posted a fourth-quarter loss after earning a profit in the same period a year ago.
February 23, 2012Wabash Posts Stronger Profit on Higher Trailer Sales
Trailer manufacturer Wabash National Corp. said its fourth-quarter and full-year income rose on higher trailer sales.
February 23, 2012Bolt Express Acquires Strike Logistics
Air and ground expedited services provider Bolt Express LLC said it has completed the acquisition of third-party services provider Strike Logistics.
February 22, 2012Expeditors’ 4Q Earnings Slip
Logistics firm Expeditors International of Washington said Tuesday its fourth-quarter profit slipped 4%, citing “irregular demand” in the quarter.
February 21, 2012Improved LTL Pricing Can Increase Profits, Beat 3PL Competition, Execs Tell Conference
CORAL GABLES, Fla. — Less-than-truckload carriers need to improve their pricing discipline and sophistication to boost profits in a market where rate-driven, third-party logistics operators are playing a growing role, LTL executives said.
February 20, 2012Weekly Intermodal Traffic Slips 0.4%
U.S. intermodal traffic slipped 0.4% for the week ended Saturday from a year ago, the Association of American Railroads reported.
February 17, 2012Port of L.A. Container Volumes Rise in January
The Port of Los Angeles said Feb. 15 its import and export container volumes each rose more than 5% in January from a year ago.
February 16, 2012Canadian National Opens Wisconsin Intermodal Terminal
Canadian National Railway said it has opened a new intermodal facility in Chippewa Falls, Wis., to serve the upper Midwest, including the Minneapolis/St. Paul, Minn. area.
February 16, 2012TransCore’s Canadian Link Logistics Upgrades Database
TransCore Link Logistics on Wednesday announced it has expanded its database of loads and equipment posted throughout North America by integrating live data from multiple load board sources.
February 15, 2012