Singapore-based Neptune Orient Lines has agreed to sell its APL Logistics business unit to Japanese shipping firm Kintetsu World Express for $1.2 billion.
February 18, 2015Search
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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.
XPO Narrows Loss, Boosts Revenue, Sets Targets
XPO Logistics Inc. narrowed its fourth-quarter loss to $9.9 million, excluding a charge related to an equity offering, while continuing its path of rapid revenue growth.
February 18, 2015Intermodal Rail Traffic Declines for Second Consecutive Week
U.S. rail intermodal traffic fell for the second straight week, declining 0.1% in the week ended Feb. 14 compared with the same week last year, the Association of American Railroads reported.
February 19, 2015Canadian Pacific Stoppage Ended by Binding Arbitration
A two-day strike at Canadian Pacific Railway Ltd. by the Teamsters Canada Rail Conference ended when both sides agreed to binding arbitration to end a dispute covering approximately 3,000 train crew workers.
February 17, 2015Consumer Confidence Falls as Gas Prices Start to Rise
Consumer confidence fell in February as gas prices started to rise from a six-year low and damped Americans’ optimism about the economy.
February 13, 2015NTSB Urges Greater Attention to Truck Maintenance Issues
WASHINGTON — Trucking companies with poor safety records should redouble their maintenance efforts and pay particular attention to brake systems, the acting chairman of the National Transportation Safety Board said.
February 16, 2015CSX Names Oscar Munoz as President
CSX Corp. said its board of directors unanimously elected Oscar Munoz as president, effective immediately, and that he will remain chief operating officer.
February 12, 2015Intermodal Rail Traffic Dips 3.3% for Week
U.S. rail intermodal traffic declined 3.3% in the week ended Feb. 7 compared with the same week last year, the Association of American Railroads reported.
February 11, 2015XPO Acquires UX Logistics for $59 Million
XPO Logistics announced that it has paid $59 million to acquire UX Specialized Logistics, which makes last-mile deliveries for retail chains and online retailers.
February 10, 2015Union Pacific Promotes Lance Fritz to CEO
Union Pacific announced that it has promoted Lance Fritz to CEO from chief operating officer, succeeding John Koraleski, who was named executive chairman.
February 6, 2015