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Logistics News
Business, Logistics

Swift Lawsuit Reinstated; Marten Case Dismissed

A class-action lawsuit filed by more than 80,000 drivers against Swift Transportation has been reinstated after a ruling from the Arizona Court of Appeals, but another lawsuit against Marten Transport was dismissed by the U.S. Court of Appeals.

Ari Ashe | Staff Reporter
July 25, 2016
Business, Logistics

US Trailer Orders Tumbled in June

June’s sharp plunge in U.S. trailer orders reflected increased cancellations, caution on the part of fleets over placing new orders and a very strong comparable month the year before, analysts said.

Roger Gilroy | Senior Reporter
July 22, 2016
Business, Logistics

Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains

Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.

Thomas Black | Bloomberg News
July 21, 2016
Business, Logistics

AFN Logistics Buys LTL, TMS Assets From HA Logistics

Brokerage and supply chain operator AFN Logistics announced the purchase of less-than-truckload and transportation management system assets from HA Logistics Inc. to expand the buyer’s service capabilities.

July 20, 2016
Business, Logistics

After Some Opposition, CSX to Build $272 Million Rail Hub in North Carolina

While opposition from Johnston County landowners stalled a proposed CSX container hub, Rocky Mount, North Carolina, economic development officials quietly pieced together 700 acres willing to take on the project.

Drew Jackson | The News & Observer (Raleigh, N.C.)
July 20, 2016
Business, Logistics

Charlotte Getting Direct Intermodal Rail Service to Port of Wilmington

CSX is launching a new intermodal rail service between the Port of Wilmington and the railroad’s terminal in Charlotte, North Carolina, boosting the city’s status as a transportation hub, company and state officials said July 19.

Rachel Stone | The Charlotte (N.C.) Observer
July 20, 2016
Business, Logistics

Hyundai Merchant to Join Maersk Alliance

Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses.

Kyunghee Park | Bloomberg News
July 19, 2016
Government, Business, Logistics

Minnesota Governor Forms Freight Rail Council

Minnesota Gov. Mark Dayton said July 15 he is creating a public-private group to improve communication, safety and economic development related to rail service across the state.

July 18, 2016
Business, Logistics

Lower Profits Expected at Hapag-Lloyd Despite Merger Plans

Hapag-Lloyd AG's share price fell the most since its initial public offering in November as a forecast of lower profit and a share-sale plan overshadowed a final deal to join forces with United Arab Shipping Co. to become the world’s fifth-largest container carrier.

Nicholas Brautlecht | Bloomberg News
July 18, 2016
Business, Logistics

CSX Net Income Falls 20%, Starts Second Quarter on Down Note

CSX Corp. began the second-quarter freight transport earnings reporting season by announcing that net income fell 20% to $445 million, or 47 cents per share, dragged down by a 34% reduction in coal revenue.

July 14, 2016
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