TNT Shareholders Approve Terms of $4.9 Billion Acquisition by FedEx
Shareholders of TNT N.V., the Europe-based carrier that agreed to a $4.9 billion acquisition by FedEx Corp., have backed the terms of the deal, which FedEx said would increase package and freight competition.
October 12, 2015Freight Markets Slow Down as 3Q Closes, Fleets Say
Freight markets languished as the third quarter came to a close last week, multiple sources said, while two large truckload carriers lowered their earnings outlooks.
October 5, 2015Intermodal Stakeholders Advance Ideas to Minimize Terminal Delays for Truckers
FORT LAUDERDALE, Fla. — Several proposals, ranging from mobile apps to chassis pools and ownership, are being advanced to help truckers cope with ongoing intermodal terminal congestion and delays.
October 5, 2015ATRI Says Total Fleet Costs Rise; Wages, Equipment Up, Fuel Dips
Motor carrier operating costs rose 1.6% to $1.703 per mile last year, as higher costs for new equipment, driver wages and maintenance wiped out savings from lower fuel prices, the American Transportation Research Institute reported.
October 5, 2015Inefficient Intermodal Terminals Slowing Supply Chain, Execs Say
FORT LAUDERDALE, Fla. — Efforts to improve intermodal productivity continue to be frustrated by inefficient terminal operations that punish truckers.
September 28, 2015Intermodal Cargo Market Growth Shifts as International Accelerates, Experts Say
FORT LAUDERDALE, Fla. — International freight has re-emerged as the driving force for intermodal growth because factors such as lower diesel prices and suboptimal rail service have slowed increases in domestic truck-rail freight, experts said.
September 28, 2015International Intermodal Re-Emerges as Volume Growth Leader
FORT LAUDERDALE, Fla. — International intermodal freight once again has become the driving force for intermodal growth because factors such as lower diesel prices and suboptimal rail service have slowed the increases in domestic truck/rail freight, experts said.
September 22, 2015More Business Awaits if Intermodal Service Improves Further
FORT LAUDERDALE, Fla. — Railroads have made progress in improving service quality this year, compared with last year’s delay-plagued operations, but they will have to keep improving to win more business from customers, shippers said.
September 21, 2015XPO Logistics Bid for Con-way Could Shake Up LTL Sector
XPO Logistics’ dramatic bid to snatch up trucking capacity by acquiring Con-way Inc. for $3 billion could spawn similar acquisitions by non-asset-based companies, forcing rival less-than-truckload carriers to reassess their strategy and step up their game, LTL leaders said.
September 21, 2015FedEx’s Profit Rises 6% in Fiscal 1Q, Aided by Stronger Results at Express
FedEx Corp. said net income for the fiscal first quarter ended Aug. 31 rose 6% to $692 million, or $2.42 per share, helped by stronger results at the Express unit.
September 21, 2015