CSX Corp. said Jan. 15 its fourth-quarter profit fell slightly from a year ago, but its revenue and volume increased.
January 16, 2014Business, Logistics
Consumer Confidence Declines in January
Consumer confidence fell this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Jan. 17.
January 17, 2014Business, Logistics
CSX’s Income Falls in 4Q
Business, Logistics
XPO to Buy Pacer for $335 Million to Expand in Intermodal Sector
XPO Logistics Inc. has agreed to purchase Pacer International Inc., the nation’s third-largest truck-rail intermodal freight operator, for $335 million in a deal that underscores the growing importance of that market segment.
January 13, 2014Business, Logistics
Rail Intermodal Traffic Rises 4.8% for Week
U.S. intermodal shipments by rail grew 4.8% in the week ended Jan. 4 compared with the same week last year, the Association of American Railroads reported.
January 10, 2014Business, Logistics
Maersk to Sell Stake in Supermarket to Focus on Transport, Energy
A.P. Moeller-Maersk plans to sell its stake in a supermarket and department store to focus on transport and energy, Bloomberg News reported.
January 7, 2014Business, Logistics
XPO to Buy Pacer for $335 Million
XPO Logistics Inc. said it will acquire intermodal freight carrier Pacer International Inc. in a transaction valued at $335 million.
January 6, 2014Business, Logistics
Clarke Closes Sale of Freight Business to TransForce
Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million.
January 6, 2014Business, Logistics
LTL Vitran Accepts Offer From TransForce to Buy Canadian Assets at $6.50 Per Share
TransForce Inc. is now in line to acquire the remaining Canadian assets of Vitran Corp., after the seller accepted a $6.50-per-share offer that topped an earlier bid from Manitoulin Transport Inc., another Canadian carrier.
January 6, 2014Business, Logistics
2013 Intermodal Rail Traffic Rises 4.6%
U.S. intermodal rail traffic rose 4.6% last year from 2012 to just over 12.8 million units, the Association of American Railroads reported Jan. 2.
January 3, 2014Business, Logistics
XPO Closes Purchase of Landstar Freight Auction Site
XPO Logistics Inc. said it has closed its purchase of NLM, a Web-based freight auction site, from truckload carrier Landstar System Inc.
December 30, 2013