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Mullen’s First-Quarter Income Drops

Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.

April 29, 2009

McLeod Acquires Logistics Software Firm

McLeod Software said Wednesday that it had purchased Intergrated Logistics Execution Network Systems, or iLENS, a logistics software company.

April 29, 2009

Shippers Oppose Petition By Union Pacific Seeking STB Permission to Decline Hazmat

Union Pacific Corp.’s petition seeking Surface Transportation Board permission to limit the railroad’s common carrier freight-hauling responsibilities has elicited a common response from nearly all other interested parties: Absolutely not.

April 27, 2009

Load Volumes Decline for Logistics Firms but Gross Margins Rise, Voltmann Says

Freight brokers and logistics providers, who met earlier this month in San Antonio, provided more evidence of the bleak condition of the freight transportation business and also moved to gather data on the size of their segment of the industry.

April 21, 2009

C.H. Robinson Reports Flat 1Q Income

Transportation and third-party logistics firm C.H. Robinson Worldwide’s first-quarter profit dipped slightly to $85.4 million, or 50 cents a share, from $86.3 million, or 50 cents, a year ago.

April 21, 2009

Norfolk Southern Wins Ethanol Depot Ruling

A federal judge ruled that Norfolk Southern Corp. can continue operating an ethanol-transfer station in Alexandria, Va., overruling a local ordinance, Bloomberg reported.

April 17, 2009

Mendez Picked to Run FHWA; Hurley Nominated for NHTSA

President Obama last week nominated Victor Mendez, former head of the Arizona Department of Transportation, to lead the Federal Highway Administration and Charles Hurley, a longtime safety advocate, to run the National Highway Traffic Safety Administration.

April 13, 2009

Brokers Saw Decreased Profits in 2008, Survey Shows

Freight brokers and logistics providers saw profit margins decrease 5% in 2008 compared to the previous year due to volatile market conditions, a survey by transportation technology company TransCore shows.

April 6, 2009

Con-way, TNT Start New Europe-to-U.S. Service

Less-than-truckload carrier Con-way Freight will take over the final leg of express shipments from Europe under a new partnership with Dutch transportation and logistics firm TNT.

April 2, 2009

Vanguard Parent to Market U.S. Trailer, Create National Master Dealer Network

LOUISVILLE, Ky. — China International Marine Containers introduced the first trailer it is marketing in the United States under its own name, a refrigerated unit it said contains a proprietary insulation system that will eliminate the 3% to 7% in condensation weight that typical reefers build up in a year.

March 31, 2009