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Logistics News
Business, Logistics

Intermodal Rail Volume Declines for First Time Since September

Weekly U.S. intermodal rail traffic declined for the first time since September, the Association of American Railroads reported.

October 28, 2015
Business, Government, Logistics

Consumer Confidence Falls in October to Three-Month Low

Consumer confidence fell in October to a three-month low as Americans became less upbeat about the labor market.

October 27, 2015
Business, Logistics

XPO Extends Tender Offer for Shares of Con-way

XPO Logistics Inc. announced its tender offer for shares of Con-way Inc. has been extended until Oct. 30, in conjunction with the $3 billion acquisition agreement between the companies.

October 23, 2015
Business, Logistics

Maersk Cuts Profit Outlook on Weaker Global Container Market

A.P. Moeller-Maersk cut its profit forecast for 2015, citing a weaker container shipping market as the outlook for global growth becomes gloomier.

October 23, 2015
Business, Logistics

Investment Firm Acquires Unishippers Global Logistics

Ridgemont Equity Partners, an investment firm based in Charlotte, North Carolina, has acquired Unishippers Global Logistics, a transportation service provider that resells package and freight services through franchise affiliates across the United States.

October 23, 2015
Business, Logistics

Union Pacific Profit Tops Estimates on Cost Cuts as Cargo Drops

Union Pacific Corp. reported profit that beat analysts’ estimates after cutting costs as the railroad heads for its first annual drop in sales since the recession in 2009.

Thomas Black | Bloomberg News
October 22, 2015
Business, Logistics

DHL Global Forwarding, Freight Celebrates Bicentennial Birthday

DHL Global Forwarding, Freight, is celebrating its 200th birthday this year and is looking back at its founding, shortly after the Battle of Waterloo.

October 22, 2015
Business, Logistics

Intermodal Rail Volume Rises 1% For Week

Weekly U.S. intermodal rail traffic rose 1% from the same period last year, the Association of American Railroads reported.

October 21, 2015
Business, Logistics

CP Rail Earnings Beat Expectations on Declining Costs

Canadian Pacific Railway reported third-quarter profit that topped analysts’ estimates, buoyed by a weaker currency and expense reductions that included parking locomotives.

October 20, 2015
Business, Logistics

CSX to Cut 300 Jobs as Coal Freight Drops

CSX Corp. plans to cut 300 jobs at Erwin, Tennessee, in response to a steady decline in coal traffic.

October 16, 2015
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