A.P. Moeller-Maersk A/S raised its full-year profit forecast after the company’s container-shipping line, the world’s largest, said earnings are rising because of higher freight volumes and lower costs.
August 19, 2014Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Import Volume Expected to Hit Record High in August
Import volume at U.S. container ports is expected to hit an all-time high in August as retailers rush to bring in holiday merchandise on concerns about West Coast longshoremen’s contract negotiations, according to the National Retail Federation.
August 12, 2014Roadrunner to Acquire Logistics Firm Active Aero
Roadrunner Transportation Systems Inc. said it agreed to acquire the logistics company Active Aero Group from Aero's parent company, Platinum Equity for $115 million.
August 11, 2014Insufficient Route Planning, Escort Failure to Blame For Skagit River Bridge Failure, Investigation Finds
Insufficient motor carrier route planning, a failure by a pilot/escort to warn of potential hazards and inadequate evaluation of oversize load permit requests by state officials were the probable causes of an oversize truck strike that brought down the Interstate 5 Skagit River Bridge in Washington state, according to a final investigation report of the National Transportation Safety Board.
August 8, 2014Truck-Rail Shipments Rise in 2nd Quarter, IANA Says
Intermodal volume rose 8.2% in the second quarter from a year earlier, an indication the industry is recovering from the double blow it took from a harsh winter and contracted economy, the Intermodal Association of North America reported last week.
August 11, 2014Intermodal Rail Volume Rises 5.5% in July
Intermodal rail volume for July rose 5.5% compared with the same time last year, the Association of American Railroads reported.
August 8, 2014Intermodal Volume Rises 8.2% in Second Quarter
Intermodal volume in the second quarter rose 8.2%, an indication the industry is recovering from a harsh winter and a contracted economy, according to the Intermodal Association of North America.
August 5, 2014Expeditors’ Profit Dips in Second Quarter
Expeditors International of Washington’s second-quarter profit dipped 1%, but revenue increased.
August 5, 2014Weekly Intermodal Rail Traffic Rises 3.3% to More Than 260,000 Units
U.S. rail intermodal traffic increased 3.3% in the week ended July 26 compared with the same week last year, the Association of American Railroads reported.
August 1, 2014XPO Logistics Trims 2Q Loss, Plans Acquisition
XPO Logistics said it narrowed its second-quarter loss and announced an agreement to acquire New Breed Holding Co. for about $615 million.
July 29, 2014