XPO Logistics and Estes Express have agreed to pay a total of $13 million to settle overcharge claims in connection with the Defense Transportation Coordination initiative, a federal contract that was meant to lower logistics costs.
May 4, 2016Search
Showing 10 of 9126 results
= Premium Content
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Freight Group Says St. Louis Region Has Undersold Role as Logistics Hub
The St. Louis Regional Freightway launched April 27 to coordinate planning and projects for the region’s freight and shipping infrastructure as well as to expand the local industrial business market on both sides of the Mississippi.
May 2, 2016Consumer Sentiment Declines to Seven-Month Low in April
Consumer confidence fell to a seven-month low in April as Americans’ expectations about economic growth dropped to the lowest point since September 2014.
April 29, 2016March Trailer Orders Decline 36%
U.S. trailer orders in March fell sharply year-over-year to the lowest point since July 2013, but earlier orders remain in place, analysts said.
May 2, 2016Consumer Confidence Fell More Than Forecast in April
Consumer confidence retreated more than forecast in April as Americans’ optimism about the outlook for the economy and employment waned.
April 26, 2016Logistics Profits Help First-Quarter Earnings Rise at Three Companies
Logistics proved to be a profitable business in the first quarter as three prominent companies reported higher results.
April 27, 2016Norfolk Southern Earnings Rise 25%, Helped by Cost Cuts
Norfolk Southern Corp. reported the best year-over-year improvement in first-quarter rail industry earnings, boosting net income 25% to $387 million, or $1.29 per share, helped by expense reductions and improved results for commodity groups, particularly automotive shipments.
April 22, 2016Hapag-Lloyd, UASC in Merger Talks as Cargo-Price Crisis Lingers
Hapag-Lloyd is in talks with United Arab Shipping Co. on a possible combination of their container businesses, potentially setting up the German company’s second merger in two years as the maritime-freight industry grapples with a drop in prices.
April 21, 2016Trailer Orders Top 13,000, Off 39% Year-Over-Year
U.S. net orders of trailers hit 13,800 in March, down 39% year-over-year as all but dump trailers showed weakness, while backlogs remained solid, research firm FTR said.
April 21, 2016Union Pacific Profit Beats Estimates Amid Cost Cutting
Union Pacific Corp. reported first-quarter earnings higher than analysts’ expectations as the railroad cut costs and boosted prices to mitigate a steep drop in cargo demand, pushing shares to their highest value in five months.
April 21, 2016