While opposition from Johnston County landowners stalled a proposed CSX container hub, Rocky Mount, North Carolina, economic development officials quietly pieced together 700 acres willing to take on the project.
July 20, 2016Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Hyundai Merchant to Join Maersk Alliance
Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses.
July 19, 2016Lower Profits Expected at Hapag-Lloyd Despite Merger Plans
Hapag-Lloyd AG's share price fell the most since its initial public offering in November as a forecast of lower profit and a share-sale plan overshadowed a final deal to join forces with United Arab Shipping Co. to become the world’s fifth-largest container carrier.
July 18, 2016Minnesota Governor Forms Freight Rail Council
Minnesota Gov. Mark Dayton said July 15 he is creating a public-private group to improve communication, safety and economic development related to rail service across the state.
July 18, 2016CSX Net Income Falls 20%, Starts Second Quarter on Down Note
CSX Corp. began the second-quarter freight transport earnings reporting season by announcing that net income fell 20% to $445 million, or 47 cents per share, dragged down by a 34% reduction in coal revenue.
July 14, 2016As Another Oil Train Derails, Regulators, Lawmakers Say Progress Being Made
Three years ago July 6, an unattended train carrying crude oil from North Dakota rolled down a hill toward the town of Lac-Megantic, Quebec.
July 11, 2016Universal Logistics Says Second-Quarter Earnings to Trail Forecasts
Universal Logistics Holdings Inc. has become the third truckload operator to announce its second-quarter earnings will fall short of the average analyst estimate due to weak freight markets.
July 8, 2016Iowa Lands $25 Million Grant for Freight Hub
A grant worth more than $25 million has been awarded to construct a Cedar Rapids intermodal transportation facility officials say is to become a one-of-a-kind freight hub for the state.
July 8, 2016Third-Party Logistics Market Expected to Pass $1.1 Trillion by 2022
An Allied Market Research report finds that the global third-party logistics market is expected to reach $1.1 trillion over the next six years.
July 8, 2016Opinion: Mexican Logistics and Sorting Out the Border
The logistics industry in the United States is rapidly evolving. Thirty or 40 years ago, we worked within our own borders to manufacture and produce many of our own goods. In the 1980s and 1990s, this quickly shifted to China and India, because production costs and labor were much cheaper overseas. Even with the costs of transportation, the United States could manufacture goods much easier in China than in our own homeland.
July 11, 2016