Eastern freight rail line Norfolk Southern Corp. plans to build a rail corridor costing more than $2 billion from Louisiana to the Northeast that it said would speed shipments and reduce truck freight, the Associated Press reported.
June 7, 2007Search
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Letters to the Editor: Double Brokering, Gasoline Prices
I believe the Transportation Intermediaries Association should solve the problem of 鈥渄ouble-brokering鈥 before trying to convince regulators to allow third-party logistics providers to join the Customs-Trade Partnership Against Terrorism.
June 8, 2007Wholesale Inventories Rise 0.3%
Wholesale inventories rose 0.3% in April, the Commerce Department said Thursday.
June 7, 2007Hub Group Buys Intermodal Firm
Third-party logistics company and freight broker Hub Group said it will acquire the assets of Interdom Partners, an intermodal marketing company, for $26 million.
June 7, 2007ATA鈥檚 Graves to Chair Highway Users Group
The American Highway Users Alliance has named American Trucking Associations President Bill Graves chairman of the group鈥檚 board of directors, effective immediately.
June 7, 2007Menlo Buying Asian Logistics Firm
Con-way Inc. unit Menlo Worldwide and Cougar Logistics Corp. said Thursday they have signed an agreement under which Menlo will purchase Cougar for $33.9 million.
June 7, 2007UTi Worldwide鈥檚 1Q Income Dips
Air and ocean freight forwarder UTi Worldwide鈥檚 fiscal first -quarter net income fell 6% to $18.1 million or 18 cents a share, from $19.3 million or 20 cents a year ago.
June 7, 2007Rail, Intermodal Fall for Week
Rail carload and intermodal freight fell for the week ended Saturday compared with a year ago, continuing a trend this year, the Association of American Railroads reported.
June 8, 2007Dynamex Reports Higher 1Q Earnings
Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit rose to $3.5 million or 32 cents a share, from $3.2 million or 29 cents a year earlier.
June 7, 2007Fuel Inventories Rise for Week
Inventories of crude oil, gasoline and distillate fuel all rose last week, and oil prices receded slightly in early trading Wednesday, Bloomberg reported.
June 6, 2007