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NFI Acquires 3PL World Warehouse and Distribution
NFI Industries said it acquired World Warehouse and Distribution, a Champlain, N.Y., third-party logistics and warehousing firm. Terms were not disclosed.
March 8, 2011Ceva Logistics鈥 Earnings, Revenue Improve
Ceva Logistics on Monday reported higher revenue and earnings for the fourth quarter and full year.
March 7, 2011LMS Acquires McCann鈥檚 Piggyback
Logistics Management Solutions, St. Louis, acquired intermodal marketing company McCann鈥檚 Piggyback Consolidation in Fenton, Mo., and formed a new business unit called Freight Management Solutions to provide intermodal and freight brokerage services.
March 4, 2011Maersk Has Record Profit as Freight Business Surges
A.P. Moller鈥揗aersk A/S, the Danish company that owns the largest ocean shipping line, announced record earnings on Feb. 23, powered by a rebounding international freight market.
March 4, 2011Andrews Logistics Names President
Logistics firm Andrews Logistics has named Brian Jarvis its president, it said Monday.
February 28, 2011Supreme Court Orders New Review of CSX Challenge to Alabama Fuel Tax
The U.S. Supreme Court last week directed a lower court to reconsider a claim by freight railroad CSX Transportation Inc. that the Alabama fuel tax it pays is discriminatory because truckers are exempt from the same tax.
February 28, 2011Consumer Confidence Hits 3-Year High
Consumer confidence rose to a three-year high in February, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 25, 2011TransForce Reports Higher 4Q Earnings
TransForce Inc., Canada's largest trucking company, said Friday it had a forth-quarter profit of C$35.6 million on higher revenue from its package delivery and specialized service segments, Reuters reported.
February 25, 2011Letters: Border Negotiations; Wrong Again, FMCSA
No one knows the Canada-U.S. border and the difficulties even the most trusted individuals and companies have had crossing it in the 鈥渟ecurity trumps trade鈥 post-9/11 world than truckers. It鈥檚 not surprising, then, that truckers welcome the announcement from U.S. President Barack Obama and Canadian Prime Minister Stephen Harper that the two countries are embarking upon negotiations aimed at improved cooperation and coordination at the border.
February 28, 2011Expeditors鈥 Fourth-Quarter Profit Jumps
Logistics firm Expeditors International of Washington鈥檚 fourth-quarter profit jumped 40% to $96.5 million, or 45 cents a share, from $69.1 million, or 32 cents, a year earlier.
February 22, 2011