XPO Logistics Inc. announced its tender offer for shares of Con-way Inc. has been extended until Oct. 30, in conjunction with the $3 billion acquisition agreement between the companies.
October 23, 2015Search
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TT's Seth Clevenger, Michael Freeze and Keiron Greenhalgh break down what ACT Expo revealed about trucking's road to sustainability.Â
Union Pacific Profit Tops Estimates on Cost Cuts as Cargo Drops
Union Pacific Corp. reported profit that beat analysts’ estimates after cutting costs as the railroad heads for its first annual drop in sales since the recession in 2009.
October 22, 2015Investment Firm Acquires Unishippers Global Logistics
Ridgemont Equity Partners, an investment firm based in Charlotte, North Carolina, has acquired Unishippers Global Logistics, a transportation service provider that resells package and freight services through franchise affiliates across the United States.
October 23, 2015DHL Global Forwarding, Freight Celebrates Bicentennial Birthday
DHL Global Forwarding, Freight, is celebrating its 200th birthday this year and is looking back at its founding, shortly after the Battle of Waterloo.
October 22, 2015Intermodal Rail Volume Rises 1% For Week
Weekly U.S. intermodal rail traffic rose 1% from the same period last year, the Association of American Railroads reported.
October 21, 2015CP Rail Earnings Beat Expectations on Declining Costs
Canadian Pacific Railway reported third-quarter profit that topped analysts’ estimates, buoyed by a weaker currency and expense reductions that included parking locomotives.
October 20, 2015CSX to Cut 300 Jobs as Coal Freight Drops
CSX Corp. plans to cut 300 jobs at Erwin, Tennessee, in response to a steady decline in coal traffic.
October 16, 2015J.B. Hunt 3Q Earnings Rise 12%; CSX Profit Dips
J.B. Hunt Transport Services Inc. raised third-quarter net income 12% to $115.1 million, or 99 cents per share, as profit margins improved in all operating units.
October 14, 2015Intermodal Rail Volume Rises Slightly For Week
Weekly U.S. intermodal rail traffic rose 0.5% from the same period last year, the Association of American Railroads reported.
October 14, 2015EPA Honors Freight Companies With SmartWay Awards
The U.S. Environmental Protection Agency on Oct. 13 recognized 11 companies in the freight industry, including Con-way Inc.’s Menlo Logistics, for their environmental efforts.
October 13, 2015