The U.S. National Transportation Safety Board and the Transportation Safety Board of Canada issued recommendations Jan. 23 to improve the transportation of crude oil by rail on both sides of the border.
January 23, 2014
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Logistics News
Business, Logistics
Safety Boards Fault Rail Hazmat Standards in US, Canada
Business, Logistics
Union Pacific’s Profit Rises on Volume Growth
Union Pacific Corp. said it had the best fourth-quarter and full-year results in company history as volume grew for the first time in six quarters.
January 23, 2014Business, Logistics
Odyssey Logistics & Technology Acquires Two Firms
Odyssey Logistics & Technology Corp. said it has acquired CMI Freight-Trans and Steel Wheel Transfer. Terms were not disclosed.
January 22, 2014Business, Logistics
Intermodal Rail Traffic Declines for Week
U.S. rail intermodal traffic declined 8.2% in the week ended Jan. 11 compared with the same week last year, the Association of American Railroads reported.
January 17, 2014Business, Logistics
Consumer Confidence Declines in January
Consumer confidence fell this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Jan. 17.
January 17, 2014Business, Logistics
CSX’s Income Falls in 4Q
CSX Corp. said Jan. 15 its fourth-quarter profit fell slightly from a year ago, but its revenue and volume increased.
January 16, 2014Business, Logistics
XPO to Buy Pacer for $335 Million to Expand in Intermodal Sector
XPO Logistics Inc. has agreed to purchase Pacer International Inc., the nation’s third-largest truck-rail intermodal freight operator, for $335 million in a deal that underscores the growing importance of that market segment.
January 13, 2014Business, Logistics
Rail Intermodal Traffic Rises 4.8% for Week
U.S. intermodal shipments by rail grew 4.8% in the week ended Jan. 4 compared with the same week last year, the Association of American Railroads reported.
January 10, 2014Business, Logistics
Maersk to Sell Stake in Supermarket to Focus on Transport, Energy
A.P. Moeller-Maersk plans to sell its stake in a supermarket and department store to focus on transport and energy, Bloomberg News reported.
January 7, 2014Business, Logistics
XPO to Buy Pacer for $335 Million
XPO Logistics Inc. said it will acquire intermodal freight carrier Pacer International Inc. in a transaction valued at $335 million.
January 6, 2014Archives
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