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Trucking Sheds 24,900 Jobs

The trucking industry lost nearly 25,000 jobs in January, the highest monthly total ever except during a national strike in 1994, according to data from the Department of Labor.

February 16, 2009

Norfolk Southern, CN to Share Track, Freight in Midwest

Canadian National Railway and Norfolk Southern Corp. plan to create a “MidAmerica Corridor,†an agreement in which the railroads will share track and carry each other’s shipments in various routes in the Midwest, the railroads announced Tuesday.

February 11, 2009

Pacer Reports Loss for 4Q, Year

Transportation and third-party logistics firm Pacer International said late Wednesday it took a fourth-quarter loss of $65.1 million, or $1.87 a share, compared with a profit of $20.6 million, or 59 cents, a year earlier.

February 11, 2009

Descartes Buys Oceanwide’s Logistics Business

Descartes Systems Group said Thursday it acquired the logistics business of privately held Oceanwide Inc., in an all-cash transaction of about C$10.4 million ($8.4 million).

February 6, 2009

Logistics Concerns Could Reduce Overseas Manufacturing

Companies are considering moving their manufacturing away from foreign countries as off-shore manufacturing costs increase, a survey released Monday said.

February 10, 2009

Expeditors’ 4Q Income Improves

Logistics firm Expeditors International of Washington said its fourth-quarter net income rose 11% to $77.7 million, or 36 cents a share, from $70.1 million, or 32 cents, a year ago.

February 10, 2009

FedEx Express Opens New China Hub

FedEx Express said Monday it has begun operations at its new Asia Pacific hub in Guangzhou, China, the company’s largest hub outside of the United States.

February 9, 2009

APU Maker RigMaster Ceases Operations

RigMaster Power Corp., a Canadian manufacturer of auxiliary power units, has ceased all operations, according to a voice message on its telephone.

February 9, 2009

Kansas City Southern’s 4Q Income Declines

Kansas City Southern said its fourth-quarter profit fell 27% to $36.4 million, or 40 cents a share, from $49.9 million, or 56 cents, a year ago.

February 4, 2009

Vitran Opens Southern Calif. 3PL Facility

Vitran Logistics has opened a distribution center in Ontario, Calif., in order to serve Sam’s Club, the company said.

February 2, 2009