U.S. intermodal traffic rose 5.6% last week, the Association of American Railroads reported.
July 13, 2012Search
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GE Capital Sells Last 27,000 U.S. Trailers from TIP Fleet to Trio of Companies
Investor Wood Creek Capital Management, along with Bowman Sales and Equipment Inc. and Milestone Trailer Leasing, last week bought 27,000 U.S.-based trailers from GE Capital, continuing the transformation of the highway leasing market.
July 16, 2012
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Lineage Logistics Buys Castle & Cooke
Lineage Logistics said it has acquired Castle & Cooke Cold Storage, Colton, Calif., for an undisclosed sum.
July 13, 2012Produce Shipping Affected by Weather, Local Trends
The produce shipping season is in full swing this year and affected by unpredictable weather patterns that have created shipping peaks in parts of the South and Pacific Northwest and weaker-than-usual demand in California, experts said.
July 9, 2012BTS Logistics Buys Trade Show Unit
Wheaton Van Lines, which acquired Bekins Van Lines earlier this year, has spun off Bekins’ former trade show business to newly formed BTS Logistics, the company announced.
July 5, 2012Intermodal Traffic Sets June Record
U.S. intermodal traffic rose 5.2% in June from a year ago and was the highest weekly average for the month of June on record, the Association of American Railroads said.
July 6, 2012Saia Buys Ga. Brokerage, Logistics Firm
Less-than-truckload carrier Saia Inc. said Tuesday it acquired Robart Transportation Inc. and subsidiary RL Services Group LLC, for about $7.8 million.
July 3, 2012Consumer Confidence Drops to Lowest Level This Year
Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
June 29, 2012May Trailer Orders Drop 19.7%; OEMs Say Backlogs Still Strong
New trailer orders fell 19.7% to 14,199 in May from a year earlier, ACT Research reported, but trailer manufacturers said backlogs remain strong and suggested that fleets soon will need to upgrade equipment.
July 2, 2012Epes Logistics Acquires N.C. Brokerage Firm
Epes Logistics said it bought brokerage firm Meredith Transport, to broaden service offerings of the Epes Carriers’ subsidiary. Terms were not disclosed.
June 28, 2012