Logistics News
CSX Seen Restarting CEO Talks After Activist Softens His Demands
CSX Corp. is expected to restart talks to install Hunter Harrison as CEO after an activist investor allied with the railroad turnaround veteran softened his demand for board representation, a Citigroup Inc. analyst said.
February 17, 2017TFI International Profits Increase in Fourth Quarter
TFI International Inc., formerly known as TransForce, reported net income rose 3.9% in the fourth quarter of 2016, although the gains were slightly lower than the consensus forecast from industry analysts.
February 17, 2017CSX Shareholders Seen Likely to Make Harrison a $300 Million Man
CSX Corp. shareholders are likely to approve turnaround veteran Hunter Harrison鈥檚 demand for a $300 million pay package that the railroad derided as 鈥渆xceptionally unusual,鈥 according to analysts.
February 17, 2017New Year, Same Story for US Growth Driven by Consumers
Busy storefronts and an inflation pickup show the world鈥檚 largest economy is starting 2017 much the same way it ended 2016: driven by the consumer.
February 16, 2017Underinvestment in Freight Infrastructure Will Hurt Economy, Schneider CEO Says
WASHINGTON 鈥 The country's freight transportation network must be modernized and expanded to handle the projected increase in freight volume, Schneider International Inc.'s top executive told a Senate panel Feb. 15.
February 15, 2017Shipping Industry Calls for Exemption from Carbon Market Reform
The global shipping industry has urged the European Union to drop the sector's inclusion in proposals adopted聽Feb. 15 to reform the bloc's carbon market, saying it risks distorting trade and international efforts to cut the sector's emissions.
February 15, 2017Werner Nixes Driving School in Pennsylvania After Local Outcry
Plans for a trucking facility in Palmer Township, Pennsylvania, no longer include a school for new drivers.
February 14, 2017Tighter Brokerage Margins Crimp 3PL Profits
Third-party logistics companies reported a flurry of quarterly earnings, many with lower profits compared with a year ago.
February 13, 2017Intermodal Rail Traffic Up as Turnaround Takes Hold
Intermodal rail traffic grew slightly in the fourth quarter, but it wasn鈥檛 enough to reverse a 2.1% decline in total volume for 2016, according to the Intermodal Association of North America.
February 13, 2017Sanity Returning to Shipping as Freight Rates Gain, Maersk Says
The bankruptcy of South Korean ocean carrier聽Hanjin Shipping Co. and consolidation in container shipping will pave the way for a better 2017 for the industry, according to Robbert van Trooijen, the Asia-Pacific chief of Maersk Line.
February 10, 2017