U.S. rail intermodal traffic rose 13.5% last week over the same week a year ago, the Association of American Railroads said.
January 25, 2013Business, Logistics
Intermodal Traffic Rises 13.5% for Week
Business, Logistics
RSI Logistics Acquires Freight Resources Network
RSI Logistics Inc. said it has acquired transportation software company Freight Resources Network. Terms were not disclosed.
January 25, 2013Business, Logistics
Union Pacific Reports $1 Billion 4Q Profit
Union Pacific Corp. said Thursday its fourth-quarter profit rose to more than $1 billion on higher chemical, automobile and intermodal shipments.
January 24, 2013Business, Logistics
Swift Reports Higher 4Q Profit
Swift Transportation Co. said its fourth-quarter and full-year profit rose and that it recorded the highest quarterly revenue and operating profit in its history.
January 24, 2013Business, Logistics
Norfolk Southern, CSX Report Lower 4Q Income
Eastern freight railroads Norfolk Southern Corp. and CSX Corp. each reported lower fourth-quarter profits from a year ago.
January 23, 2013Business, Logistics
Canadian National Reports Higher 4Q Profit
Canadian National Railway Co. reported a higher fourth-quarter profit from a year ago on higher freight volume.
January 22, 2013Business, Logistics
BNSF Sets $4 Billion Expansion for Oil, Intermodal Shipments
Berkshire Hathaway Inc. plans to increase capital spending at its BNSF Railway Co. by $4.1 billion this year as it prepares to handle rising oil shipments and expands its intermodal terminal capacity, Bloomberg News reported.
January 22, 2013Business, Logistics
Kansas City Southern Reports Higher Operating Income for 4Q, Year
Kansas City Southern reported a smaller fourth-quarter profit but said its revenue rose 7%, boosted by strong intermodal volume.
January 22, 2013Business, Logistics
Schneider’s Osterberg Urges Stronger Links Between Research and Business Applications
WASHINGTON — Don Osterberg, senior vice president of safety at truckload carrier Schneider National Inc., said transportation research needs to include components to help businesses and regulators make better use of the research.
January 21, 2013Business, Logistics
Consumer Confidence Declines
Consumer confidence fell in January, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
January 18, 2013