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Logistics News
Business, Logistics

Intermodal Traffic Rises 2% for Week

U.S. intermodal traffic increased 2% for the week ended Saturday from a year ago, the Association of American Railroads said.

March 23, 2012
Business, Logistics

Trailer Bridge Emerges From Bankruptcy

Trailer Bridge Inc., which provides ocean shipping between Florida, Puerto Rico and the Dominican Republic, has emerged from Chapter 11 with Seacor Holdings as its new majority owner.

March 23, 2012
Business, Logistics

UTi Worldwide’s 4Q Profit Declines

Air and freight forwarder UTi Worldwide said its fiscal fourth-quarter net income slipped to $12.4 million, or 12 cents a share, from $14.5 million, or 14 cents, a year earlier.

March 22, 2012
Business, Logistics

XPO Logistics Nets $137 Million from Stock Offering

XPO Logistics announced the closing of its public stock offering late Tuesday and said it received about $137 million in proceeds.

March 21, 2012
Business, Logistics

Intermodal Traffic Rises 4.2% for Week

U.S. intermodal traffic rose 4.2% for the week ended Saturday from a year ago, the Association of American Railroads said.

March 16, 2012
Business, Logistics

XPO Logistics Boosts Stock Offering

XPO Logistics said it has commenced a $126 million public offering of 8 million shares of its common stock.

March 16, 2012
Business, Government, Logistics

Consumer Confidence Declines

Consumer confidence decreased this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

March 16, 2012
Business, Logistics

DHL to Spend $47 Million to Expand U.S. Hub

DHL Express said it will spend $47 million to upgrade its U.S. package express and cargo sorting facility and capability at the Cincinnati area airport.

March 15, 2012
Business, Logistics

CSA, Other Government Regulations to Be TIA’s Focus at Texas Meeting

The Transportation Intermediaries Association will focus its attention on government regulation, particularly the Compliance, Safety, Accountability program, when the trade group convenes March 21-24 in San Antonio.

March 15, 2012
Business, Logistics

Port Logistics Teams With Joe Fresh

Port Logistics Group said it has signed a multiyear service agreement with Canadian food retailer Loblaw Cos., the parent of the Joe Fresh clothing brand.

March 15, 2012
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