A strike at Canadian Pacific Railway will continue at least until Friday, due to passage by Canada’s opposition Liberal party to delay passage of back-to-work legislation, Reuters reported.
May 30, 2012Search
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Radiant Logistics Opens Center in Charlotte
Radiant Logistics Inc. has opened a new location in Charlotte, N.C., for its Distribution by Air network.
June 1, 2012Intermodal Traffic Rises 4.3% for Week
U.S. intermodal traffic rose 4.3% for the week ended Saturday from a year ago, the Association of American Railroads said.
June 1, 2012Consumer Confidence Falls to Four-Month Low
Consumer confidence fell to a four-month low in May, the New York-based Conference Board said.
May 30, 2012FedEx to Acquire Brazilian Logistics Company
FedEx Corp. said it has signed an agreement to acquire Brazilian transportation and logistics company Rapidão Cometa LogÃstica e Transportes S.A. to boost its Latin American business.
May 29, 2012Consumer Confidence Reaches Highest Since 2007
Consumer confidence rose in May to the highest level in nearly five years, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
May 25, 2012April Trailer Orders Rise 12% After 3 Straight Monthly Drops
Trailer orders staged a comeback last month after three straight monthly declines, climbing 12% above both the year-earlier month and March, as fleets stepped up the pace of replacing older equipment, ACT Research reported.
May 28, 2012Intermodal Traffic Rises 3.1% for Week
U.S. intermodal traffic rose 3.1% for the week ended Saturday from a year ago, the Association of American Railroads said.
May 25, 2012Strike Halts CP Rail Freight in Canada
Canadian Pacific Railway suspended its freight service across Canada after engineers, conductors and other workers went on strike, the Canadian Press reported Wednesday.
May 23, 2012Caterpillar Sells Majority Interest in 3PL to Private Equity Firm for $750 Million
Caterpillar Inc. has agreed to sell a majority interest in its third-party logistics business to privately held Platinum Equity for about $750 million, while retaining its in-house international network to support its dealers and customers.
May 21, 2012