An influx of new investment and surge in mergers and acquisitions are driving consolidation among logistics service providers and reshaping the industry’s landscape.
April 8, 2015Business, Logistics
TT's Top 50 Logistics Companies: A Sneak Peek at 2015 Rankings
Business, Logistics
Weekly Intermodal Rail Traffic Rises as Carloads Decline
U.S. rail intermodal traffic rose 3.8% in the week ended April 4 compared with the same week last year as carloads declined, the Association of American Railroads reported.
April 8, 2015Business, Equipment, Safety, Logistics, Autonomous
Daimler Trucks North America Recalling Some Model-Year 2015 Freightliner, Western Star Trucks
Daimler Trucks North America is recalling some model-year 2015 Freightliner and Western Star trucks due to a possible brake problem, the National Highway Traffic Safety Administration said in a recall announcement.
April 8, 2015Business, Logistics, Fuel
Shell Will Buy BG Group for $70 Billion in Cash and Shares
Royal Dutch Shell agreed to buy BG Group Plc for about $70 billion (47 billion pounds) in cash and shares, the oil and gas industry’s biggest deal in at least a decade.
April 8, 2015Business, Logistics, Fuel, Government
Diesel Average Hits Five-Year Low
Diesel’s national average retail price fell to a five-year low, dropping 4 cents to $2.824 a gallon, the Department of Energy reported.
April 6, 2015Business, Logistics
Intermodal Rail Traffic Rises to 2007 Level in March
Intermodal rail traffic rose to a weekly average of 550,291 units in March, the highest weekly average for the month since 2007, the Association of American Railroads reported.
April 1, 2015Business, Government, Logistics
Consumer Confidence Rises to Second-Highest Since 2007
Consumer confidence increased in March to the second-highest level since August 2007 as Americans grew more upbeat about the outlook for the labor market and incomes.
March 31, 2015Business, Logistics, Fuel, Government
Diesel Falls 5.3¢ to $2.864 in Second Weekly Price Drop
Diesel’s national average price dropped 5.3 cents to $2.864 a gallon, the second consecutive weekly decline after five straight increases, the Department of Energy reported March 23.
March 30, 2015Business, Logistics
Trailer Orders Drop 30% in February
February net trailer orders fell 30% from a year ago to 20,700 units, ACT Research Co. reported.
March 27, 2015Business, Government, Logistics
Consumer Sentiment Cools, Capping Best Quarter Since 2004
Consumer confidence fell less than forecast in March, capping the best quarter since 2004 as the labor market stayed strong and gasoline prices leveled off.
March 27, 2015