European Commission Fines Freight Forwarders
The European Commission has issued 169 million euros ($225 million) in fines against 14 companies, including three in the U.S., in connection with air freight price-fixing charges dating as far back as 2003.
March 29, 2012Consumer Confidence Declines
Consumer confidence decreased this month, the New York-based Conference Board said Tuesday.
March 27, 2012Opinion: We’re All in It Together
It has become something of a cliché that what followed the economic deregulation of trucking in the early 1980s was even more regulation, albeit in different forms.
March 26, 2012Intermodal 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, 2012Trailer 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, 2012UTi 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, 2012XPO 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, 2012Intermodal 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, 2012XPO 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, 2012Consumer Confidence Declines
Consumer confidence decreased this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
March 16, 2012