Optimism among chief financial officers about the U.S. economy dimmed in the second half of this year, helping explain why companies plan to temper spending on equipment and hold more cash in 2016.
December 9, 2015Business, Logistics
Optimism Among Companies Eases in Second Half of 2015
Business, Logistics
Rail Cargo Drop Accelerates, Pointing to Weak Spots in Economy
A sharper decline in U.S. railroad cargo this quarter points to weak spots in the economy as a strong dollar crimps exports, retailers whittle down excess inventory and energy investment stalls.
December 7, 2015Business, Logistics
CMA CGM Said Near $2.4 Billion Cash Offer for Neptune Orient
French ocean carrier CMA CGM SA is nearing a definitive offer to buy Neptune Orient Lines Ltd. for about S$3.4 billion ($2.4 billion), people with knowledge of the matter said, consolidating its position in an industry facing its worst year since 2009.
December 7, 2015Business, Logistics
Growth of Web-Based Sales Lifts Start of Holiday Season
The early holiday shipping season featured more online purchases, which could help to ensure smooth package delivery flow, experts said.
December 7, 2015Logistics
Norfolk Southern Rejects $28.1 Billion CP Merger Offer
Norfolk Southern Corp. soundly rejected Canadian Pacific Railway Ltd.’s $28 billion merger proposal, labeling the offer “grossly inadequate and not in the best interests of shareholders.â€
December 4, 2015Business, Logistics
Intermodal Rail Traffic Declines in November
U.S. rail intermodal traffic declined 1% in November compared with the same month the prior year, the Association of American Railroads reported.
December 2, 2015Business, Logistics
Weekly Intermodal Rail Traffic Drops 1.7%
Weekly U.S. intermodal rail traffic dropped 1.7% from the same period last year, the Association of American Railroads reported.
November 30, 2015Business, Logistics
Carriers Utilize Specialized Equipment to Remove Snow, Ice From Trailer Tops
Heavy snow and ice buildup on trucks and trailers can sap fuel economy, add weight, damage the equipment and even create a safety hazard if it breaks loose on the road. To avoid these risks, trucking companies are using a variety of specialized snow-removal systems to clear the tops of their vehicles.
November 30, 2015Business, Logistics
October Trailer Orders Top 33,000
New trailer orders totaled 33,400 in October, the second strongest figure in 2015 despite dropping 30% from the same month a year earlier, which was the highest on record, ACT Research reported.
November 30, 2015Business, Logistics
DHL Express Announces 4.9% Rate Hike in 2016
Package carrier DHL Express on Nov. 19 announced a 4.9% average rate increase for U.S. customers next year, matching the direction of package pricing adjustments by UPS Inc. and FedEx Corp.
November 23, 2015