U.S. rail intermodal traffic rose 2.1% last week from the same week a year ago to 247,569 units, the Association of American Railroads said.
May 3, 2013Search
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XPO Reports 1Q Loss, Buys Logistics Firm
XPO Logistics reported a first-quarter loss and said it had acquired Salt Lake City-based Interide Logistics for $3.1 million.
May 8, 2013C.H. Robinson’s 1Q Profit Slips
C.H. Robinson Worldwide said its first-quarter net income fell slightly from a year ago on slower growth, though revenue improved.
May 8, 2013Expeditors’ 1Q Profit Improves
Expeditors International of Washington’s first-quarter profit rose 5% from a year ago, and the company said it sees “cause for optimism” for the rest of the year.
May 2, 2013Penske Automotive Reports Record Earnings
Penske Automotive said its first-quarter income and earnings per share were the highest in its history, while Penske Logistics announced it won a bid to manage a BMW distribution center in Pennsylvania.
May 1, 2013Ridge Corp. Buys Freight Wing
Ridge Corp., which makes fiber reinforced thermoplastics for the transportation industry, said it has acquired trailer-skirt manufacturer Freight Wing. Terms were not disclosed.
May 1, 2013Wabash Reports Improved 1Q Income; Predicts Pickup in Trailer Shipments
Trailer manufacturer Wabash National Corp. said its first-quarter income improved, and the company said it expects a “significant increase” in trailer shipments in the second quarter.
May 1, 2013Logistics Provider Says New Website to Speed Getting Quotes
Third-party logistics provider Interstate Logistics Group said it has launched an automated freight quotation service called QuoteMyTruckload.com.
May 1, 2013Trailer Orders Decline 12.2% During March, But Backlogs Remain Healthy, ACT Says
March trailer orders fell 12.2% from a year ago due to sluggish U.S. economic growth, ACT Research reported, but trailer makers reported continuing healthy order backlogs.
April 29, 2013Shippers Say Reliability as Critical as Costs When Selecting Carriers to Move Freight
ORLANDO, Fla. — Shippers attending Nasstrac’s annual meeting here stressed the importance of reliability, service and relationships, even as cost remains the top concern.
April 29, 2013