A Mexican owner-operator is seeking approval from the Federal Motor Carrier Safety Administration for the U.S.-Mexico cross-border trucking pilot program.
July 12, 2012Search
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GE Capital Sells Last 27,000 U.S. Trailers from TIP Fleet to Trio of Companies
Investor Wood Creek Capital Management, along with Bowman Sales and Equipment Inc. and Milestone Trailer Leasing, last week bought 27,000 U.S.-based trailers from GE Capital, continuing the transformation of the highway leasing market.
July 16, 2012ATA Projects 21% Tonnage Gain by 2023
The freight transportation industry will grow “significantly” in the next decade, and trucking will increase its share of the market, American Trucking Associations said in a report released last week.
July 16, 2012Saia Acquires Robart Cos. Brokerage, Logistics Firms
Less-than-truckload fleet Saia Inc. announced it has acquired Robart Transportation Inc. and subsidiary, RL Services Group LLC, which offer freight brokerage and logistics services.
July 12, 2012Ryder Boosting Dividend
Ryder System said it will boost its quarterly dividend by 2 cents to 31 cents per share.
July 12, 2012Import Prices Fall 2.7%, Largest Drop Since 2008
The price of goods imported to the United States fell 2.7% last month, the biggest drop since December 2008, the Labor Department reported Thursday.
July 12, 2012Initial Jobless Claims Drop
Initial jobless claims dropped last week to the lowest level in four years, the Labor Department said Thursday
July 12, 2012Intermodal Traffic Rises 5.6% for Week
U.S. intermodal traffic rose 5.6% last week, the Association of American Railroads reported.
July 13, 2012Lineage Logistics Buys Castle & Cooke
Lineage Logistics said it has acquired Castle & Cooke Cold Storage, Colton, Calif., for an undisclosed sum.
July 13, 2012DOT Freight Transportation Index Rises 4.3%
The Department of Transportation’s freight transportation services index rose 4.3% in April from the same month last year, DOT said.
July 11, 2012