Truck Tonnage Rises 3.7%
Truck tonnage rose 3.7% in July over the same month last year, jumping to the second-highest level ever as factory output rebounded and the consumer as well as housing markets continued to improve, American Trucking Associations reported.
August 24, 2015European Commission Sets New Decision Date For Merger of FedEx, TNT
The European Commission’s in-depth review of the $4.9 billion merger proposal from FedEx Corp. and TNT N.V. is set for a Jan. 13 decision.
August 24, 2015Kane Is Able Sues Volvo, Two Other Suppliers Over Fire, Explosion on CNG-Powered Tractor
Trucking and logistics operator Kane Is Able Inc. has sued Volvo Group North America, Cummins Westport and Agility Fuel Systems in connection with the fire and explosion of a CNG-powered tractor earlier this year, seeking to recover damages related to the incident.
August 24, 2015Groups Say Parties Are Making Progress in Effort to Form N.Y.-N.J. Chassis Pool
Efforts to finally create a New York-New Jersey area chassis pool are ongoing as equipment providers, labor and port executives attempt to craft a workable approach to the thorny issue, trucking officials said.
August 17, 2015UPS to Buy Coyote Logistics
UPS Inc. expanded its domestic supply chain capabilities by agreeing to buy truckload broker Coyote Logistics for $1.8 billion, as purchases of fast-growing logistics companies accelerate.
August 10, 2015More Companies Report Upbeat 2Q Results
Five freight companies reported upbeat second-quarter earnings last week, rounding out a period that saw profits rise across the truckload, less-than-truckload and logistics sectors.
August 10, 2015XPO Sets $23 Billion Revenue Target, Reports 2Q Loss
Fast-growing XPO Logistics Inc., which grew to a $9 billion annual revenue business from $175 million less than four years ago, has set a $23 billion annual revenue target by the end of 2019, CEO Bradley Jacobs told Transport Topics on Aug. 5.
August 5, 2015International Cargo Drives Intermodal Freight Up 4.5% in 2Q
Increased international cargo propelled intermodal freight 4.5% higher in the second quarter, driven by a combination of stronger imports and recovery from early 2015 port disruptions, the Intermodal Association of North America reported.
August 5, 2015East Coast Port Cargo Traffic Surges as West Coast Falters
Growing international trade and continued diversion after West Coast dock disruptions have enabled the three largest East Coast ports to record double-digit cargo gains, based on the latest reports from New York-New Jersey, Savannah, Georgia, and the Norfolk, Virginia, area.
August 5, 2015Growth in International Business Aids UPS’ Profits in 2nd Quarter
UPS Inc. second-quarter net income rose to $1.23 billion, or $1.35 per share, helped by stronger results in the international sector, the parcel carrier said last week.
August 3, 2015