Intermodal Growth Surges on Truckload Freight Conversion
Intermodal business continued to grow in 2012, powered by the combination of truckload freight migrating to rail long hauls, expanded Eastern truck/rail options and continued reliability improvements, industry experts said.
December 24, 2012Mexican Cross-Border Program Threatened by U.S. Court Challenge, Low Participation
In 2012, the Obama administration’s Mexican cross-border three-year pilot project got into full swing, but a federal court challenge and a lack of widespread interest among Mexican motor carriers continued to threaten the program’s success.
December 24, 2012States Strain to Find New Funding Sources for Repair, Maintenance of Roads, Bridges
Funding for roads and bridges continued to be the overriding issue for states in 2012 as transportation officials sought new ways to raise revenue.
December 24, 2012Epes Logistics Buys Cargo Masters
Epes Logistics Services said Friday it has acquired Cargo Masters Inc., a freight transportation and logistics firm based in Charlotte, N.C. Terms were not disclosed.
December 21, 2012Durable Goods Orders Rise 0.7%
Durable goods orders rose 0.7% in November, the Commerce Department reported Friday.
December 21, 2012Consumer Confidence Falls to Five-Month Low
Consumer confidence fell to a five-month low in December, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
December 21, 2012Personal Spending Rises in November
Personal spending increased 0.4% in November, the Commerce Department said Friday.
December 21, 2012Intermodal Traffic Gains 8% for Week
U.S. rail intermodal traffic rose 8% last week over the same week a year ago, the Association of American Railroads said.
December 21, 2012Oil Tops $90 for First Time in Two Months
Oil finished the trading day Thursday at more than $90 a barrel — the first time it has closed over that level in two months, Bloomberg reported.
December 20, 2012Ports, Longshoremen Remain Apart as Contract Deadline Nears
Talks between the International Longshoremen's Association and East and Gulf Coast port operators stalled this week, with a contract deadline looming Dec. 29, after which the union could strike, the Associated Press reported Thursday.
December 20, 2012