The trucking and logistics company completed the disposition of all assets associated with its flatbed trucking division to a subsidiary of PS Logistics, LLC.
The Omaha, Neb.-based Class I railway revealed it is redesigning its marketing and sales organization “to align with evolving customer needs.”
Short line regional freight railroad holding company Patriot Rail Co. has combined with Diversified Port Holdings to expand their respective business offerings in rail and maritime port services.
The National Foreign Trade Council (NFTC) appoints new board chairman, Tiger Cool Express names chief executive officer and the Prince Rupert Port Authority’s president and CEO retires.
There were 2.74 million combined U.S. carload and intermodal originations last month, up 2.6 percent from August 2016, according to recent data from the Association of American Railroads (AAR).
The Class I railroad has begun double-stacked intermodal operations at the Pennsylvania site, which was first announced in October 2013 at part of the rail line’s National Gateway Initiative.
In his Sept. 5 letter, Sen. Thune, R-S.D., cited a petition filed in December 2016 by the Coalition for Fair Port Practices regarding what it said has been inequitable assessment of detention and demurrage charges by marine terminal across the U.S.
The U.S. Gulf Coast region’s supply chain was back in motion on Friday, as ports and rail lines resumed operations, truck gates opened and vessels berthed with limited channel restrictions.
TRAC Select, which was launched in February, is a premium chassis pool fleeted with an array of specialty chassis and services aimed at meeting specific customer needs.
The Canadian port is equipped to handle the largest containerships in the world thanks to the expansion at Fairview Container Terminal, giving the terminal a second berth and three Malacca-max cranes with a horizontal reach of 25 containers.
Cummins has unveiled a Class 7 electric powertrain that will power Class 7 trucks by 2019 and could recharge in as little as 20 minutes.
With operations suspended through Wednesday for many areas, and longer for others, analysts have estimated that freight rates will spike as cargo transport will be affected for up to the next month.
Politicians on both sides of the aisle have agreed on the importance of infrastructure improvement projects for the better part of a decade, but agreeing on how to fund such projects has been another story altogether.
Even as the industry steps up to help, dedicating thousands of trucks and millions of cubic feet of capacity to relief efforts, an analysis from FTR says that approximately 7% of the industry has been affected already and some of that will be affected for weeks.
The storm made landfall as a category 4 before dropping down to a category 3, causing massive flooding and damage that has lead to service delays and temporary closures at the Port of Houston, BNSF railroad, area airports and oil refineries off the coast.
At a cost of $4 billion, the new Tappan Zee Bridge has officially opened in New York City. Technically, one span of the bridge – four lanes open to westbound traffic – opens tonight with the second span scheduled to open in the spring.
Although some demand can be attributed to structural factors, real estate markets in all major port gateways are seeing either rising or peak-level growth rates in leasing activity, while vacancy rates are at historic lows.
Secretary of Labor R. Alexander Acosta toured the 484-acre terminal and met with leadership from the International Longshore and Warehouse Union and the Pacific Maritime Association during the visit.
To solve inefficiencies in the supply chain, project44’s goal since day one has been to focus on the automation, optimization, and visibility of the freight movements by replacing legacy technologies with its “one-to-many” connectivity.
The A.P. Moller-Maersk Group’s experience with Petya (or NotPetya) should be a wakeup call for the entire shipping and logistics industry; small shippers and forwarders can no longer afford to think they are insulated from the effects of such an attack.
All transportation sectors have shown volume increases in July 2017, with the exception of rail, which seems to have succumbed to the strength of the U.S. dollar, according to the latest Cass Freight Index Report.
Chicago-based United Global Logistics will remain an independent division within RoadOne IntermodaLogistics, with both companies benefiting from a strengthened Midwestern logistics network.
The latest craze in logistics is the “uberization of trucking,” i.e. digital freight brokers (DFM). In reality, though, DFMs are not new, with the first iteration of them appearing in the early 2000s with companies such as Power2Ship and TransMarkets. They have gained steam lately thanks to technological advances, but there is still some question about whether they are here to stay this time.
Two separate deals kicked off this week’s big transportation news as Greenbriar Equity Group has acquired Transplace and Descartes said it was acquiring MacroPoint.
Calgary-based Class I railroad Canadian Pacific said the seven-day-a-week service can cut transit times from the West Coast to Detroit by as much as 48 hours compared with the railway’s nearest competitors.
Among the services the Florida-based vehicle shipping specialist offers are project logistics, land freight, intermodal, airfreight and chartering.
The multi-modal transportation management company’s new tool, dubbed Hub Group Connect, provides customers with shipment visibility and online tracking.
The U.S. Department of Transportation notified Congress of its proposed grant awards for 10 freight-related roadway, rail and port infrastructure projects last Wednesday, initiating a 60-day period in which Congress could vote to disapprove the list.
The first sailings of the Miami-based ocean carrier’s new services are targeted for mid-late November, according to Atlantic Coastal Shipping President and CEO Armando Bustillo.
Total intermodal volumes gained 4.5 percent during the second quarter of 2017, with international traffic being the primary driver, rising 5.6 percent, according to recent statistics from the Intermodal Association of North America (IANA).
Truckload, intermodal and logistics provider Schneider National reported a net income of $46.5 million for the second quarter of 2017, or $0.27 per diluted share, an increase of 5.2 percent, compared to the three months ended June 30, 2016.
Although carload volumes dropped 0.6 percent for the month, a 5.6 percent increase intermodal traffic spurred continued growth in overall rail volumes in July 2017, according to the Association of American Railroads.
Port Authority of New York and New Jersey names new executive director and board of commissioners chairman, Foss Maritime hires chief commercial officer, and ATA names executive director of the Intermodal Motor Carrier Conference.
A successful test of Hyperloop One’s technology has given rise the possibility that intermodal freight may someday be moved using the technology.
A USA Today investigation into port trucking operations in California has led to three U.S. Senators sending letters to national retailers demanding they crack down on trucking companies and their alleged unfair labor practices directed at drivers.
After getting the Virginia Port Authority’s financial house in order, VPA Executive Director and CEO John Reinhart is implementing an aggressive capital expenditure program that will expand capacity and add new berth space for large containerships.
Amid sluggish freight rates and oil prices, overcapacity issues, and the Baltic Dry Index pointing to a looming slowdown in global trade growth, finding innovative ways to solve repositioning problems is now a major part of a wider effort to reduce costs in the container-shipping industry.
South Carolina Ports Authority has applied for federal approval and funding for a new marine highway to eliminate trucking congestion in the Charleston port area, according to local news source The Post and Courier.
Kansas City Southern names VP of sales and marketing for the energy and short line relations business unit, and VP of intermodal relations, while Delta Airlines appoints vice president of Delta Cargo and V.Group names CEO and chief commercial officer.
Fueled by a 15 percent increase in income from railway operations and a record operating ratio, Class I railway Norfolk Southern’s earnings during the quarter shot up 23 percent to $497 million, according to the company’s most recent financial statements.
Crowley names vice president of international business and development, ClearMetal appoints vice president of supply chain management, Anacostia Rail Holdings names vice president of its Pacific Harbor Line subsidiary, and Forward Air elects board members.
After a start to earnings season that saw both J.B. Hunt and C.H. Robinson miss expectations, transport stocks received a boost as both Werner Enterprises and Swift Transportation reported better-than-expected reports.
Trucking and logistics provider Werner Enterprises’ net income for the second quarter of 2017 shot up 27 percent year-over-year to $23.2 million on the back of improved freight volume metrics, according to the company’s most recent financial statements.
U.S. freight volumes across all modes will see 2.8 percent growth in 2017 followed by a 3.4 percent average annual increase through 2023, according to forecasts from the American Trucking Association’s Freight Transportation Forecast 2017.
The new intermodal rail service will feature double-stacked trains and will operate daily between the Port of Wilmington and Charlotte beginning July 28, said NC Ports.
New EZBook 2.0 enhancements make booking a chassis easier and faster, and give users more control over the transaction, according to chassis lessor TRAC Intermodal.
C.H. Robinson’s second quarter earnings report missed Wall Street estimates, in large part because of the rise in spot rates in the quarter which compressed margins, even though the company reported a rise of truckload and less-than-truckload volume.
Freight, orders and optimism continue to populate the minds of many carrier and shipping executives these days as more data points suggest the economy is continuing to improve. And it’s optimism that even uneven retail sales and consumer confidence can’t hide.
While platooning vehicles are close to real-world operation, the world itself may not be ready for them. According to a guide for legislators created by the Competitive Enterprise Institute, the varied nature of state laws may limited where platooning vehicles may operate.
President Trump’s decision to replace the FASTLANE federal infrastructure grant program means the Maryland Department of Transportation must reapply for funding to expand a critical intermodal tunnel outside the Port of Baltimore.
In its fiscal year that ran from July 2016 to June 2017, South Caroline Ports Authority handled 2.14 million TEUs an increase of 10 percent from the previous fiscal year and an all-time high for the port.
Omaha, Neb.-based Class I railway Union Pacific reported earnings per share of $1.45 for the quarter, up from $1.17 per share a year prior and surpassing the Zacks consensus estimate of $1.37 per share.
CSX Corp.’s second quarter 2017 net earnings, revenues and volumes all increased from a year prior, as E. Hunter Harrison completed his first full quarter as chief executive officer of the Jacksonville, Fla.-based Class I railway.
The NACPC’s New Orleans pool is fleeted with new 40-foot chassis featuring radial tires, LED lights, ABS and auto-inflation systems that can be leased direct to motor carriers or beneficial cargo owners for daily, short- and long-term use.
The Lowell, Ark.-based intermodal and trucking provider’s earnings per share of $0.88 for the quarter fell short of analyst expectations, but operating revenues rose 7 percent from the second quarter of 2016.
Transportation Investment Generating Economic Recovery (TIGER) grants, issued annually, are given to multi-modal and multi-jurisdictional projects that are difficult to fund through traditional federal highway aid programs.
The Port of Prince Rupert in Canada is undergoing several simultaneous upgrades to expand capacity amid drastic cargo volume growth.
Direct ChassisLink, a marine chassis and asset management services provider, has launched a new chassis leasing service offering motor carriers and other drayage providers who operate at the ports of Los Angeles and Long Beach.
The Port of Los Angeles and General Electric recently launched an ambitious data portal pilot program that will digitize the movement of shipment information in an effort to improve the flow of goods at the nation’s busiest seaport.
Shipment volumes grew 7.1 percent in May 2017 compared to the year prior, confirming the first positive indication in October 2016 was a change in trend and not a one-off anomaly, according to the latest Cass Freight Index Report.
United States railroads originated 1.07 million carloads and 1.11 million containers and trailers in June 2017, year-over-year increases of 4.4 percent and 4.6 percent, respectively.
May 2017 marked the eighth consecutive month of rising intermodal freight rates, but at roughly half the pace compared with the beginning of the year, according to data from the latest Cass Intermodal Freight Index report.
Hong Kong-based 3PL Kerry Logistics Network has acquired 50 percent stake in Lanzhou Pacific Logistics Ltd., joining with China Railway Container Transport Co. Ltd. which oversees the management and operations of the entity.
The logistics of transporting fresh produce from fields and warehouses to store shelves is already complicated by regulations and the seasonal nature of the products, but Amazon’s entry into the market could further complicate the journey.
The Honolulu-based ocean carrier reported a profit of $25 million for the third quarter of 2016 on $500.4 million in revenues.
The state could see the construction of a new intermodal facility, plus move forward with plans for a new deepwater seaport and further develop an existing port, Oregon Shipping Group President Kevin Mannix says.
After five days, the port truckers strike in Los Angeles and Long Beach came to an end on Friday with striking truckers delivering a petition with 10,000 signatures on it to LA Mayor Eric Garcetti and Long Beach Mayor Robert Garcia.
The mid-Atlantic port held a ceremonial “first move” by a motor carrier through the new gate complex at Norfolk International Terminals on June 26.
The Los Angeles Times Editorial Board has weighed in on the port truckers’ strike taking place in Los Angeles and Long Beach. Its opinion: clean up emissions at the ports, but don’t put the financial burden to do so on truckers.
Despite a split vote among the four commissioners currently making up the Federal Maritime Commission, a discussion agreement between the Port of New York and New Jersey and OCEMA will take effect June 25.
ETTAC to hold meeting The Environmental Technologies Trade Advisory Committee (ETTAC) will hold a public meeting on July 18. VISA comment request The Maritime Administration is seeking comments on the renewal of a previously approved information collection on Voluntary Intermodal Sealift Agreement (VISA). Public hearing on African countries The Office of the Trade […]
The plan will provide 100,000 high-paying jobs across the city, with at least 20,000 going directly towards the industrial sector, according to New York City Mayor Bill de Blasio.
John Wolfe of the NWSA and Port of Tacoma and Amy Grat of International Trade Education Programs will be honored at the Containerization & Intermodal Institute’s annual Connie Awards dinner, scheduled for Sept. 19 in Long Beach, Calif.
Logistics firm Supply Chain Solutions will launch a shipping route across Lake Michigan that will divert an estimated one million semi-truck trailers off northwest highways and onto vessels, the company said in a statement Wednesday.
In order to expand its protective and perishable service products and reduce customs inspections delays, the rail line has purchased 41 new gensets and successfully implemented a new “live” lift function on the U.S.-Canada border.
The port operator subsidiary of Chinese conglomerate COSCO Shipping signed a $228 million deal to acquire 51 percent of shares in Noatum Port Holdings, giving the Asian shipping line access to Mediterranean and European networks.
Combined U.S. carload and intermodal cargo volumes increased 6.4 percent in May 2017 compared to the same period last year, according to data from the Association of American Railroads (AAR).
Federal Maritime Commissioner Rebecca Dye told the 29th annual Agriculture Transportation Coalition conference that consolidation in the ocean shipping industry isn’t necessarily a bad thing, while touting the benefits of incremental deregulation.
The Northwest Seaport Alliance, which comprises the seaports of Seattle and Tacoma, has approved a $52 million purchase of four container cranes, plus an additional $2.9 million in terminal improvements.
A new course developed in conjunction with Rutgers University in New Jersey aimed at rising executives in the industry will examine the necessary components for an intermodal carrier to ensure a sustained profit.
Darien, Conn.-based short line and regional railroad operator Genesee & Wyoming has completed its acquisition of the shares of Atlantic Western Transportation, parent company of the Heart of Georgia Railroad.
The number of containerships deployed between Asia and the U.S. West Coast with capacity for 13,000 TEUs or more has nearly doubled since the start of 2017, but carriers are still hesitant to introduce mega-ships on the trade.
The fiscal year budget will help the port stay “laser-focused on targeted infrastructure improvements, technology solutions and strategic resource use,” according to Port of Los Angeles Executive Director Gene Seroka.
April marked the seventh straight month in which intermodal pricing has grown, but that momentum is expected to slow as the year goes on, according to data from the latest Cass Intermodal Freight Index.
Saddle Creek names chief operating officer, Prince Rupert Port Authority appoints board member, the S.C. Department of Commerce names senior program director, and the American Trucking Associations’ executive director of the Intermodal Conference retires.
Shipment volumes in April 2017 were up 4 percent compared with the same 2016 period, while expenditures grew 6 percent year-over-year, potentially signaling a sustained positive trend towards growth, according to the latest Cass Freight Index Report.
The trucking and intermodal company, formerly of Cudahy, Wis., has also hired Terence R. Rogers as the new executive vice president and chief financial officer in wake of costly accounting errors uncovered in January.
The 70 acres of property at the Point Breeze Business Center is expected to be used as a container storage location, but can also be used for automobiles and roll-on/roll-off storage, the Maryland Port Administration said.
Rep. Alan Lowenthal, D-Calif., says he wants freight infrastructure to “declare its independence” from the Obama administration’s Fixing America’s Surface Transportation (FAST) Act because it is too closely tied to highway funding for states.
The largest port on the U.S. East Coast saw its share of containerized cargo slip in the first four months of 2017, but may have a chance to gain market share once again with larger ships now able to call terminals west of the Bayonne Bridge.
Port officials are hopeful the federal government will approve a $155 million grant to help increase clearances in the Howard Street Tunnel and other locations along the CSX railroad in Baltimore to accommodate trains with containers stacked two high.
Oak Brook, Ill.-based Hub Group will pay $306 million for the contract logistics firm, which owns and operates more than 1,200 power units and 5,000 trailers.
The 40-foot premium chassis are equipped with radial tires, LED lights and auto inflation systems.
Located in the Chicago-metro area, the new facility will be operated by Odyssey subsidiary CMI Logistics and is expected to increase throughput by 20 percent, according to Odyssey President and CEO Bob Shellman.
The Georgia Ports Authority saw containerized cargo volumes for the month jump 11.7 percent to 333,006 TEUs compared with April 2016.
The Federal Motor Carrier Safety Administration is again delaying a rule that many in the industry asked for – entry-level driver training. Also, a look at what life is like on the road for drivers, battery technology could extend vehicle range and UPS to add peak seasonal volume charges.
Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port’s overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
The U.S. Department of Justice and members of Congress are putting pressure on the Federal Maritime Commission to more closely examine ocean carrier antitrust immunity as it relates to joint contracting provisions in vessel sharing alliance agreements.
A new discussion agreement filed with Federal Maritime Commission by ocean carrier group OCEMA and the Port Authority of New York and New Jersey would allow the parties to discuss matters involving the port authority’s much-debated cargo facility charge.
The inland intermodal terminal says products such as grains, hay and legumes could be loaded in Central Washington and shipped to Seattle and Tacoma by rail.
