3PL Transplace Merges With Celtic International
Transplace Inc. has merged with intermodal marketing company Celtic International Inc. to create a $1 billion North American logistics provider.
October 27, 2011C.H. Robinson’s Third-Quarter Income Rises
Transportation and third-party logistics firm C.H. Robinson Worldwide said its third-quarter profit rose to $114 million, or 70 cents a share, from $103 million, or 62 cents, a year earlier.
October 26, 2011Hub Group’s Third-Quarter Income Rises
Logistics firm Hub Group’s third-quarter income improved on higher intermodal activity.
October 26, 2011Canadian Railroads Report Mixed Earnings
Canada’s two biggest freight railroads reported mixed earnings this week.
October 26, 2011Kansas City Southern’s 3Q Profit Doubles
Kansas City Southern reported its third-quarter earnings rose to $100 million, or 91 cents a share, from $50 million, or 48 cents, the previous year.
October 26, 2011Consumer Confidence Sinks to Two-Year Low
Consumer confidence dropped in October to its lowest level since March 2009, the New York-based Conference Board said Tuesday.
October 25, 2011Truckers Complain About Slow Progress in Improving Intermodal Chassis Practices
GRAPEVINE, Texas — Intermodal truckers are seeing painfully slow progress on two long-standing and related issues — changes in the providers of chassis for container shipments and effective implementation of federal chassis safety rules, industry officials reported.
October 24, 2011Intermodal Traffic Rises 3% for Week
U.S. intermodal traffic rose 3% last week from a year ago, led by an increase in container traffic, the Association of American Railroads said.
October 21, 2011Radiant Logistics Reports Lower 4Q Earnings
Radiant Logistics, a third-party provider of airfreight and other services, said its fiscal fourth-quarter net income was $581,697, or 2 cents a share, down from $844,278, or 3 cents a share, a year earlier.
October 21, 2011Frozen Food Express Selling Dry Vans, Tractors to Celadon
Frozen Food Express Industries said it will sell more than 400 dry vans and almost 300 tractors to truckload carrier Celadon Trucking Services.
October 20, 2011