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Logistics News
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
Business, Fuel, Logistics

As Another Oil Train Derails, Regulators, Lawmakers Say Progress Being Made

Three years ago July 6, an unattended train carrying crude oil from North Dakota rolled down a hill toward the town of Lac-Megantic, Quebec.

John Hageman | Grand Forks (N.D.) Herald
July 11, 2016
Perspective, Business, Government, Safety, Logistics

Opinion: Mexican Logistics and Sorting Out the Border

The logistics industry in the United States is rapidly evolving. Thirty or 40 years ago, we worked within our own borders to manufacture and produce many of our own goods. In the 1980s and 1990s, this quickly shifted to China and India, because production costs and labor were much cheaper overseas. Even with the costs of transportation, the United States could manufacture goods much easier in China than in our own homeland.

July 11, 2016
Business, Logistics

Third-Party Logistics Market Expected to Pass $1.1 Trillion by 2022

An Allied Market Research report finds that the global third-party logistics market is expected to reach $1.1 trillion over the next six years.

July 8, 2016
Business, Logistics

Universal Logistics Says Second-Quarter Earnings to Trail Forecasts

Universal Logistics Holdings Inc. has become the third truckload operator to announce its second-quarter earnings will fall short of the average analyst estimate due to weak freight markets.

July 8, 2016
Business, Logistics

Schneider Truck Driver Wins National Award for 51 Years of Safety on the Road

Bob Wyatt, Schneider's most-decorated and longest-tenured driver, won the 2016 International Driver Excellence Award from the Commercial Vehicle Safety Alliance.

Rick Romell | Milwaukee Journal Sentinel
July 8, 2016
Business, Logistics

Iowa Lands $25 Million Grant for Freight Hub

A grant worth more than $25 million has been awarded to construct a Cedar Rapids intermodal transportation facility officials say is to become a one-of-a-kind freight hub for the state.

Mitchell Schmidt | The Gazette (Cedar Rapids, Iowa)
July 8, 2016
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