Deutsche Post AG’s third-quarter profit plunged 71% after the German delivery company booked 345 million euros ($372 million) in costs from a failed software project. The shares dropped the most in 2 1/2 months.
November 12, 2015Search
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Freight Firms Cheer Pacific Trade Deal
The Trans-Pacific Partnership, a free trade agreement hammered out by the United States and 11 Pacific Rim nations, is drawing praise from international freight carriers who see it as a powerful stimulus for business.
November 16, 2015
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Intermodal Rail Traffic Declines for Third Consecutive Week
Weekly U.S. intermodal rail traffic declined for the third consecutive week from the same period last year, according to the Association of American Railroads.
November 12, 2015ºÚÁϳԹÏÍøs Evacuated as Second Train in Two Days Derails in Wisconsin
A Canadian Pacific freight train carrying crude oil through Wisconsin derailed on Nov. 8, knocking 13 cars off the tracks, spilling oil and leading 35 homes to be evacuated, in the state's second derailment in two days.
November 9, 2015Global GDP Worse Than Official Forecasts Show, Maersk Says
The world’s economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting.
November 9, 2015XPO Completes Con-way Purchase; Picks LTL Chief, Begins Cost Cuts
XPO Logistics Inc. last week began consolidating its latest acquisition, Con-way Inc., and also announced higher profit targets as well as revenue that tripled in the third quarter.
November 9, 2015Intermodal Growth Slows in Third Quarter
Truck/rail freight growth slowed to 3.4% in the third quarter, the Intermodal Association of North America reported, as domestic growth was stunted by truckers taking advantage of favorable fuel prices and capacity.
November 5, 2015Maersk Line to Cut Capacity and Jobs as Global Demand Sags
A.P. Moeller-Maersk A/S is scaling back capacity and cutting jobs in the world’s largest shipping line to adapt to a drop in demand.
November 4, 2015XPO Raises Profit Targets, Reports Loss, Revenue Growth
XPO Logistics Inc. set new, higher profit targets and reported a wider net loss in the third quarter as the buyer of Con-way Inc. continued to show revenue growth from multiple acquisitions.
November 5, 2015Intermodal Rail Traffic Declines in October
U.S. rail intermodal traffic declined 1.4% in October compared with the same month the prior year, the Association of American Railroads reported.
November 4, 2015