Canadian National Railway Co. CEO Claude Mongeau is stepping down after 22 years at the carrier, saying throat surgery last year has left him unable to continue in the job.
June 7, 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.
CAI International Acquires Logistics Companies for $12 Million
CAI International Inc., a logistics and transportation finance company, said it has acquired Hybrid Logistics Inc. and affiliate company General Transportation Services Inc. for $12 million to expand in the U.S. brokerage market.
June 6, 2016Schneider Acquires Watkins & Shepard and Lodeso to Expand Services
Truckload carrier Schneider announced the acquisition of less-than-truckload specialist Watkins & Shepard and final-mile delivery carrier Lodeso to expand the buyer’s service portfolio.
June 2, 2016Forward Air CFO Rodney Bell to Retire, XPO’s Michael Morris to Take Post
Forward Air Corp. announced that Chief Financial Officer Rodney Bell will retire on June 27 and that Michael Morris, an XPO Logistics executive, will replace Bell in the post.
May 29, 2016Sponsors, Logo Revealed for 2016 National Truck Driver Appreciation Week
Help Inc., Velociti, U.S. Legal Services, SmartDrive and Trucker Path will be key sponsors for 2016 National Truck Driver Appreciation Week, American Trucking Associations announced May 26.
May 27, 2016Container Shipping Firms' Costs Soar on New Fuel Rules, New Report Shows
COPENHAGEN — Container shipping firms' annual costs have risen by a total $500 million due to new sulfur emissions regulations that have forced vessels to use higher-cost fuel, the Organization for Economic Co-operation and Development said in a May 19 report.
May 19, 2016Ocean Carriers, Six Ports Reach Deal on Container Weight Procedures
Container carriers that belong to the Ocean Carrier Equipment Management Association trade group and six ports have announced the first united approach to meeting new international freight weight requirements that take effect July 1.
May 20, 2016As Freight Railroads Cut Spending, Manufacturers Take Hit
For more than a year now, prolonged downturns in the coal, oil and steel industries have meant much less traffic on freight railroads.
May 16, 2016XPO Rebuffs Meeting Unions on Complaints
The Teamsters union and European labor representatives last week tried, but failed, to force a meeting with XPO Logistics Inc. CEO Bradley Jacobs to discuss union issues.
May 16, 2016Hapag-Lloyd, Five Asian Liners Form New Shipping Alliance
Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.
May 13, 2016