ABF Logistics has purchased Smart Lines Transportation Group, a truckload brokerage firm based in Oklahoma City, for $5.17 million.
January 5, 2015Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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ABF Logistics Buys Oklahoma Brokerage Firm
Trailer Orders Rise 43% in November
November trailer orders rose 43% to the fourth-highest level ever, following October’s record high, to 36,000 units, ACT Research Co. reported.
Intermodal Rail Traffic Rises for Week
U.S. rail intermodal traffic increased 4.5% in the week ended Dec. 13 compared with the same week last year, the Association of American Railroads reported.
December 19, 2014Cheap Oil Jamming Rails Means Higher Power Bills
U.S. electricity costs are poised to reach the highest level since 1999 because railroads are too clogged to deliver enough coal to power plants.
FedEx Agrees to Buy Genco
FedEx Corp. said it has agreed to buy third party logistics provider Genco to broaden the buyer’s presence in the retail and e-commerce markets.
December 15, 2014Alabama Fuel-Tax Exemption Discriminates Against Rails, CSX Tells Supreme Court
WASHINGTON — The Supreme Court last week heard arguments in a case that could cost some states millions of dollars in lost fuel-tax revenue and allow railroads to pay less for fuel than truckers.
December 15, 2014Intermodal Traffic Rises 2.1% for Week
U.S. rail intermodal traffic increased 2.1% in the week ended Dec. 6 compared with the same week last year, the Association of American Railroads reported.
December 12, 2014Utility Offers Bendix Roll Stability as Model Standard
Utility Trailer Manufacturing Co. is providing roll-stability protection as a standard feature on its 3000R base model refrigerated trailer, using Bendix Commercial Vehicle Systems technology.
December 11, 2014Direct Trailer Acquires Antares Trailers in Flatbed Deal
Direct Trailer has acquired Antares Trailers in a deal that combines the capabilities of the two flatbed manufacturers. Financial terms were not disclosed.
December 10, 2014Greenbrier Receives $1.24 Billion in Railcar Orders
Greenbrier Cos., which makes intermodal railcars and other freight equipment, said it received $1.24 billion in new railcar orders during its first quarter.
December 9, 2014