Wheels Group’s 4Q Income Rises
Canadian logistics company Wheels Group said its fourth-quarter earnings before interest and taxes rose during a shortened reporting period.
April 15, 2013Consumer Confidence Falls to Nine-Month Low
Consumer confidence fell in April to a nine-month low, according to the Thomson Reuters/University of Michigan consumer sentiment index.
April 12, 2013Intermodal Traffic Rises 0.2% for Week
U.S. rail intermodal traffic rose 0.2% to 231,648 units last week over the same week a year ago, the Association of American Railroads said.
April 12, 2013Transportation Software Firm Merges With Transite Technology
Transportation software company 3Gtms said it has merged with Transite Technology, a logistics software provider. Terms were not disclosed.
April 10, 2013Penske Logistics Upgrades Data Center
Penske Logistics said Tuesday it has completed a multimillion-dollar upgrade to its data center that serves all of its supply chain customers.
April 9, 2013U.S. Military Reduces Scope of DTCI Cargo Program
The U.S. Army has removed all specialty and flatbed freight from its outsourced logistics Defense Transportation Coordination Initiative program because those freight categories have not produced the anticipated cost savings, Transport Topics has learned.
April 8, 2013Intermodal Traffic Reaches Record for Month of March
U.S. rail intermodal traffic fell 3.8% last week but posted the highest volume for the month of March on record, the Association of American Railroads said.
April 5, 2013Ceva Group’s 2012 Earnings Slip
Ceva Group, an international logistics service company based in the Netherlands, said its profit, excluding one-time items and other costs, fell 22% in 2012, hurt by customers’ shift of freight to less-expensive ocean shipping.
April 5, 2013Lineage Logistics Acquires Seattle Cold Storage
Lineage Logistics said it has acquired Seattle Cold Storage and its facilities at Algona, Wash., and the Port of Tacoma, Wash. Terms were not disclosed.
April 4, 2013Trailer Makers Turn to Cost-Saving Features to Win New Customers as Growth Slows
Trailer manufacturers said they are turning to new cost-saving features and services to seize the advantage in a market that isn’t expected to grow all that much this year, industry officials said.
April 1, 2013