U.S. intermodal rail traffic rose 4.6% last year from 2012 to just over 12.8 million units, the Association of American Railroads reported Jan. 2.
January 3, 2014Business, Logistics
Clarke Closes Sale of Freight Business to TransForce
Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million.
January 6, 2014Business, Logistics
LTL Vitran Accepts Offer From TransForce to Buy Canadian Assets at $6.50 Per Share
TransForce Inc. is now in line to acquire the remaining Canadian assets of Vitran Corp., after the seller accepted a $6.50-per-share offer that topped an earlier bid from Manitoulin Transport Inc., another Canadian carrier.
January 6, 2014Business, Logistics
2013 Intermodal Rail Traffic Rises 4.6%
Business, Logistics
XPO Closes Purchase of Landstar Freight Auction Site
XPO Logistics Inc. said it has closed its purchase of NLM, a Web-based freight auction site, from truckload carrier Landstar System Inc.
December 30, 2013Business, Logistics
Rail Intermodal Volume Rises 6.4%
U.S. intermodal shipments by rail grew 6.4% in the week ended Dec. 21 compared with the same week last year, the Association of American Railroads reported.
December 27, 2013Business, Logistics
Expeditors International Picks Jeffrey Musser as CEO
Expeditors International of Washington Inc. said it has chosen Jeffrey Musser to become CEO in March.
December 23, 2013Business, Logistics
November Trailer Orders Rise 17% From Year Ago
Orders for new trailers in November rose 17% from a year earlier to 25,670, ACT Research reported.
December 23, 2013Business, Logistics, Autonomous
Trucking Delivers Record Number of Wreaths to Honor Fallen Military Veterans Nationwide
Truck drivers helped honor veterans by taking part in an annual tradition of laying Christmas wreaths at the headstones of U.S. service members at Arlington National Cemetery.
December 23, 2013Business, Logistics
TransForce Says Acquisition of Clarke Units Will Close Jan. 1
TransForce Inc. said its acquisition of two units of Clarke Inc. will be completed by Jan. 1.
December 20, 2013Business, Logistics
Swift Lowers 4Q Profit Expectations
Swift Transportation Co. said it will earn a profit of 33 cents to 36 cents per share in the fourth quarter, lower than its estimate of 40 cents.
December 20, 2013