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Logistics News
Business, Logistics

Wells Fargo to Acquire GE’s Railcar Leasing Business

Wells Fargo & Co., the world’s largest bank by market value, agreed to buy the bulk of a railcar- and locomotive-leasing unit from General Electric Co. as the industrial giant retreats from financial services.

October 1, 2015
Business, Logistics

Rail Intermodal Traffic Rises for Week, Says AAR

Weekly U.S. intermodal rail traffic rose 2.1% from the same period last year, the Association of American Railroads reported.

September 30, 2015
Business, Logistics

Universal Earnings to Trail Expectations, Guidance

Universal Truckload Services Inc. said it expects third-quarter earnings will lag year-earlier results and come in below analysts expectations due to weakening customer demand for truckload services in certain industrial sectors.

September 30, 2015
Business, Government, Logistics

Consumer Confidence Unexpectedly Rises in September

Consumer confidence unexpectedly rose in September as a resilient labor market helped Americans shake off the effects of tumbling stock prices.

Ali Donaldson | Bloomberg News
September 29, 2015
Business, Logistics

Hapag-Lloyd Seeks $500 Million From IPO Targeted for 2015

Hapag-Lloyd, Germany’s biggest shipping line, is seeking to raise $500 million from the sale of new shares this year as it presses ahead with an initial public offering even as the Chinese economic slowdown and a rout in Volkswagen shares sparked turmoil on stock markets.

Nicholas Brautlecht | Bloomberg News
September 29, 2015
Business, Logistics

Radiant Logistics 2Q Net Income Rises 3%

Radiant Logistics Inc. reported net income rose 3% to $2.19 million, or 4 cents per share, in the second quarter as the company absorbed multiple acquisitions.

September 28, 2015
Business, Logistics

Swift Earnings to Trail Forecast, Guidance

Swift Transportation Co. said its third-quarter and full-year results will lag analyst forecasts and its own profit guidance because of costs from past accidents and weaker freight volumes in the fourth quarter.

September 25, 2015
Business, Logistics

US Intermodal Rail Traffic Rises Following 13.3% Drop

Weekly U.S. intermodal rail traffic rose 0.6% from the same period last year after declining 13.3% the prior week, the Association of American Railroads reported.

September 25, 2015
Business, Logistics

International Intermodal Re-Emerges as Volume Growth Leader

FORT LAUDERDALE, Fla. — International intermodal freight once again has become the driving force for intermodal growth because factors such as lower diesel prices and suboptimal rail service have slowed the increases in domestic truck/rail freight, experts said.

Rip Watson | Special to Transport Topics
September 22, 2015
Business, Logistics

More Business Awaits if Intermodal Service Improves Further

FORT LAUDERDALE, Fla. — Railroads have made progress in improving service quality this year, compared with last year’s delay-plagued operations, but they will have to keep improving to win more business from customers, shippers said.

Rip Watson | Special to Transport Topics
September 21, 2015
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