Trailer Bridge Files for Chapter 11
Trailer Bridge Inc., which provides high cube container shipping from Florida to Puerto Rico and the Dominican Republic, has filed for bankruptcy.
November 16, 2011NTSB Rejects Tank Carriers’ Request in Wetlines Case
The National Transportation Safety Board has rejected a request to reconsider its findings in a 1997 fatal accident used to justify stricter wetlines rules.
November 15, 2011Intermodal Traffic Rises 3.5% for Week
U.S. intermodal traffic rose 3.5% for the week ended Saturday from a year ago, the Association of American Railroads reported.
November 10, 2011TNT Express’ 3Q Profit Declines
TNT Express NV, Europe’s second largest post company, said its third-quarter earnings fell to about $7 million, from about $19 million a year earlier, Bloomberg reported.
November 10, 2011UPS, FedEx Gear Up for Holidays
UPS Inc. said it expects to hire 55,000 temporary workers and FedEx Corp. 20,000 workers for the holiday season.
November 10, 2011Intermodal Volume Rises 1.4% in Third Quarter
Intermodal traffic volume rose 1.4% in the third quarter, the seventh straight quarter of year-over-year gains, the Intermodal Association of North America said.
November 9, 2011XPO Logistics Posts Loss; Sets Executive Appointments
XPO Logistics posted a third-quarter loss, named seven new senior executives and said it was targeting multiple acquisitions in the logistics and freight brokerage field.
November 8, 2011Hub Group Buys Challenge Transportation
Hub Group Inc. said that its Comtrak Logistics Inc. subsidiary has acquired Newark, N.J., intermodal drayage carrier Challenge Transportation. No terms were announced.
November 8, 2011TT Logistics 50: Global Events Alter 3PLs’ Strategies, Practices
Natural disasters, political upheaval and financial woes are forcing shippers to reevaluate their supply chains and, in some cases, change the way they procure parts and materials and the way they distribute goods.
November 7, 2011Growth of Domestic Truck/Rail Shipments Expected to Highlight Intermodal Expo
When the largest U.S. intermodal event returns to its roots in Atlanta this weekend, Intermodal Expo attendees will be talking about an industry in which steadily growing domestic truck/rail shipments are stealing the spotlight from slow-growing international cargo.
November 7, 2011