U.S. rail intermodal traffic set a record last week of 12.4 million shipments in a year, surpassing the previous mark of 12.28 million set in 2006.
December 19, 2013Business, Logistics
Rail Intermodal Shipments Hit Record
Business, Logistics
Schneider National Launches Intermodal Chassis Fleet
Schneider National Inc. said it is launching a new company owned and managed fleet of intermodal freight chassis.
December 17, 2013Business, Logistics
Radiant Logistics Announces Stock Sale
Radiant Logistics Inc. announced the sale of $20 million worth of preferred stock, with the intent of paying off a balance owed for senior subordinated notes.
December 16, 2013Business, Logistics
XPO to Buy Web-Based Freight Auction Site From Landstar System for $87 Mln. in Cash
XPO Logistics Inc. said it has agreed to purchase NLM, a Web-based freight auction site, from Landstar System Inc. for $87 million in cash.
December 16, 2013Fuel, Business, Logistics, Government
Diesel Price Dips 0.4¢ to $3.879, Resumes Slide After Two Gains
U.S. diesel prices dipped 0.4 cent to a national average of $3.879 a gallon, ending two weeks of increases that were the fuel’s only upturns in the past three months, the Department of Energy reported Dec. 9.
December 16, 2013Business, Logistics
Intermodal Rail Volume Rises 9.4% for Week
Intermodal rail volume for the week ended Dec. 7 rose 9.4% from the same period last year, the Association of American Railroads reported.
December 13, 2013Business, Logistics
XPO Agrees to Buy Landstar Unit for $87 Million
XPO Logistics Inc. said Dec. 11 it has agreed to purchase NLM, a web-based expediter, from Landstar System for $87 million in cash.
December 11, 2013Business, Logistics
Intermodal Rail Traffic Highest on Record in November
The weekly average intermodal rail volume for November rose to the highest level on record, the Association of American Railroads reported.
December 6, 2013Business, Government, Logistics
Consumer Confidence Rises to Five-Month High
Consumer confidence rose to the highest level in five months, according to the Thomson Reuters/University of Michigan consumer sentiment index released Dec. 6.
December 6, 2013Business, Logistics
U.S. Trailer Orders Increase 5.7%; October Total Is Year’s Highest
Trailer orders climbed 5.7% in October to 24,910, the highest level so far in 2013, as fleets kept to their pattern of boosting acquisitions in the fall, ACT Research reported.
December 2, 2013