Trailer Bridge Reports Third-Quarter Loss
Trailer Bridge Inc. reported a third-quarter loss of $1.9 million, or 16 cents per share, compared to net income of $6,900, or zero cents, a year ago.
November 22, 2011ABF Eyes Acquisition, New Services, Incoming President Slagle Says
ATLANTA — ABF Freight System is evaluating the addition of new service offerings and a possible acquisition at the corporate level, the incoming president of the less-than-truckload carrier said here last week.
November 22, 2011FedEx Orders 100 New Step-In Vans
FedEx Express said it has purchased 100 Reach model walk-in vans with composite materials made by Isuzu Commercial Truck of America and bodybuilder Utilimaster Corp.
November 22, 2011Intermodal Traffic Rises 5.2% for Week
U.S. intermodal traffic rose 5.2% for the week ended Saturday from a year ago, the Association of American Railroads reported.
November 18, 2011Equity Firm Increases Investment in Syncreon
Private equity firm GenNx360 Capital Partners on Thursday announced it has increased its investment in and ownership of syncreon, a global logistics and supply chain company.
November 17, 2011Trailer Bridge Files for Chapter 11
Trailer Bridge Inc., which provides high cube container shipping from Florida to Puerto Rico and the Dominican Republic, has filed for bankruptcy.
November 16, 2011NTSB Rejects Tank Carriers’ Request in Wetlines Case
The National Transportation Safety Board has rejected a request to reconsider its findings in a 1997 fatal accident used to justify stricter wetlines rules.
November 15, 2011Intermodal Traffic Rises 3.5% for Week
U.S. intermodal traffic rose 3.5% for the week ended Saturday from a year ago, the Association of American Railroads reported.
November 10, 2011TNT Express’ 3Q Profit Declines
TNT Express NV, Europe’s second largest post company, said its third-quarter earnings fell to about $7 million, from about $19 million a year earlier, Bloomberg reported.
November 10, 2011UPS, FedEx Gear Up for Holidays
UPS Inc. said it expects to hire 55,000 temporary workers and FedEx Corp. 20,000 workers for the holiday season.
November 10, 2011