Logistics News
XPO Logistics Reports 1Q Loss, Buys Brokerage Firm
XPO Logistics reported a first-quarter loss and announced its first acquisition, saying it will buy brokerage firm Continental Freight Services for $3.4 million.
May 11, 2012Intermodal Traffic Rises 3% for Week
U.S. intermodal traffic rose 3% for the week ended Saturday from a year ago, the Association of American Railroads said.
May 11, 2012Caterpillar Selling Majority Stake in Logistics Unit
Heavy-equipment maker Caterpillar Inc. said it is selling a majority stake in its third-party logistics business to Platinum Equity for $750 million.
May 10, 2012First-Quarter Intermodal Volume Gains 5.8% Year-Over-Year
Intermodal traffic volume rose 5.8% in the first quarter from a year ago, the Intermodal Association of North America said.
May 9, 2012Intermodal Traffic Rises 5.5% for Week
U.S. intermodal traffic rose 5.5% for the week ended Saturday from a year ago, the Association of American Railroads said.
May 4, 2012Expeditors’ First-Quarter Profit Declines
Logistics firm Expeditors International of Washington said its first-quarter profit declined from a year ago as air freight volumes fell.
May 4, 2012Trailer Orders Surge Cools, but Manufacturers Stay Busy
New orders for trailers continued at a strong pace in March, despite dropping 30% from a year ago, ACT Research Co., Columbus, Ind., reported, adding that total orders for the first quarter were down just 1% from the strong performance in the first three months of 2011.
April 30, 2012Swift Opposes Advocating Heavier Trucks on U.S. Interstates, CEO Moyes Says
MISSISSAUGA, Ontario — Swift Transportation Inc. opposes the trucking industry’s lobbying efforts toward allowing heavier trucks on interstate highways in the United States, the company’s CEO told a gathering of Canadian trucking executives.
April 30, 2012TransForce Earnings, Revenue Improve
Canadian transportation firm TransForce Inc. said its first-quarter profit improved, boosted by acquisitions.
April 27, 2012Consumer Confidence Reaches Highest in a Year
Consumer confidence rose in April to the highest level in a year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
April 27, 2012