The Joliet, Illinois, Intermodal Center operated by CenterPoint Properties is being expanded again with a groundbreaking for Saddle Creek Logistics Services’ 1.11-million-square-foot distribution facility project.
August 7, 2015BusinessLogistics
Weekly Intermodal Rail Traffic Declines for First Time in Five Months
Weekly U.S. intermodal rail traffic declined from the same period last year for the first time in five months, but increased in July, the Association of American Railroads reported.
August 6, 2015BusinessLogistics
XPO Sets $23 Billion Revenue Target, Reports 2Q Loss
Fast-growing XPO Logistics Inc., which grew to a $9 billion annual revenue business from $175 million less than four years ago, has set a $23 billion annual revenue target by the end of 2019, CEO Bradley Jacobs told Transport Topics on Aug. 5.
August 5, 2015BusinessLogistics
Shale Boom Nudges Propane-Powered Trucks From Dream to Reality
For almost 80 years, Blue Star Gas distributed propane throughout the U.S. West Coast on trucks mostly powered by gasoline. Now the company is working to convert its 55 vehicles to run on the same stuff it delivers.
August 5, 2015BusinessLogistics
International Cargo Drives Intermodal Freight Up 4.5% in 2Q
Increased international cargo propelled intermodal freight 4.5% higher in the second quarter, driven by a combination of stronger imports and recovery from early 2015 port disruptions, the Intermodal Association of North America reported.
August 5, 2015BusinessLogistics
R.R. Donnelley To Split Into Three Companies
R.R. Donnelley & Sons Co., one of the nation’s largest publishers and marketing and communications firms, said it will split into three separate, publicly traded companies in an effort to strengthen its market position and pursue growth.
August 4, 2015BusinessLogistics
Two US Railroads Advance Intermodal Projects
CSX Corp. and Kansas City Southern have announced new facility advancement projects that are intended to handle more truck/rail freight.
August 3, 2015BusinessLogistics
Swift Amends Credit, Term Loans
Swift Transportation Co. has amended its credit agreement to add $150 million to its revolving credit facility and revised term loans, the company announced in a Securities and Exchange Commission filing.
August 3, 2015BusinessLogistics
June Trailer Orders Jump
New trailer orders surged to nearly 27,900 units in June, defying normal seasonal patterns as fleets booked early commitments for 2016 production, ACT Research said.
August 3, 2015BusinessLogistics
Union Pacific’s Fritz to Become Chairman on Oct. 1
Union Pacific Corp. selected CEO Lance Fritz to become its chairman Oct. 1 when Jack Koraleski retires from the post after 43 years at the railroad.
July 31, 2015