Land Air Express of New England, North East Freightways Create Commercial Alignment
Land Air Express of New England Ltd. and North East Freightways Inc. have created a commercial alignment to make more efficient use of the carriers’ resources two weeks after Land Air Express resumed operations.
January 26, 2016December Tonnage Climbs 1.1% as Inventory Growth Slows
Truck tonnage rose 1.1% in December over the same month of 2014, as growth continues to be held back by excessive inventories that are reducing freight demand, American Trucking Associations reported.
January 25, 2016Shippers, Legislators Skeptical About Bid by Canadian Pacific to Buy Norfolk Southern
More than two dozen shippers and legislators expressed skepticism about the bid from Canadian Pacific Railway Ltd. to acquire Norfolk Southern Corp.
January 18, 2016Truck Stocks Plunge in 2015
Trucking companies’ shares, which declined faster last year than other transport stocks and the broader financial markets, are likely to keep falling in early 2016.
January 11, 2016Intermodal Cargo Falls in 4Q for First Time Since 2009
Intermodal freight in the fourth quarter declined for the first time since 2009 on a year-over-year basis, industry experts said, hurt by factors such as low fuel prices that helped competing truckers, a weaker economy and elevated inventories.
January 11, 2016Contract Talks Between Teamsters, Car Haul Management to Resume
Contract talks between the Teamsters and management negotiators for automobile transporters are due to resume this week as the parties seek to reach a tentative deal after union rank-and-file workers soundly defeated an earlier four-year proposal.
January 11, 2016Monthly Tonnage Barely Rises; ATA Sees Stronger Growth in ’16
American Trucking Associations’ latest tonnage and economic reports show that late 2015 freight growth was weighed down by bloated inventories but that some improvement is expected this year with stronger support from consumer spending.
January 4, 2016Groups Fear New Container Rules Could Create Supply Chain Havoc
Truckers and shipper groups said they fear that a lack of awareness about new mandatory international container weighing rules could create havoc in the supply chain when they take effect July 1.
January 4, 2016Norfolk Southern Turns Down Third Acquisition Offer, Calling Canadian Pacific’s Bid ‘Grossly Inadequate’
Canadian Pacific Railway Ltd. is weighing options such as a proxy fight after Norfolk Southern Corp.’s board of directors for the third time rejected an acquisition offer as “grossly inadequate” and unlikely to pass regulatory muster.
January 4, 2016FedEx Second Quarter Net Income Rises on Gains at Express, Ground Units
Continued profit improvement at the Express and Ground units helped FedEx Corp. raise overall net income in its fiscal second quarter by 4% to $691 million, or $2.44 per share.
December 21, 2015