The U.S. Export-Import Bank’s charter will lapse next week if the Republican-led Congress follows a path outlined by Senate Majority Leader Mitch McConnell that would delay a vote on reauthorizing the bank until July.
June 25, 2015Search
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Ocean Shippers’ Capacity Exceeding Cargo Demand
Container lines around the world continue to add shipping capacity faster than cargo demand grows, increasing long-standing pressure to reduce freight rates and slash costs, industry experts said.
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June 29, 2015
TT's Seth Clevenger, Michael Freeze and Keiron Greenhalgh break down what ACT Expo revealed about trucking's road to sustainability.Ìý
Intermodal Rail Traffic Rises as Carloads Continue Decline
U.S. rail intermodal traffic rose for the week ended June 13 as carloads declined for the 11th consecutive week, the Association of American Railroads reported.
June 24, 2015May Trailer Orders Drop 26%; Backlog Remains High
Trailer orders declined 26% year-over-year in May, but order boards and backlogs remained high, with continued strong demand from fleets, ACT Research Co. reported.
June 23, 2015Cost of Transporting, Storing Goods Highest Since Before Recession, CSCMP Report Shows
The cost of moving and storing goods in the United States rose 3.1% in 2014 to $1.45 trillion, the highest level since before the recession, according to an annual State of Logistics report presentedÌýÌýby the Council of Supply Chain Management Professionals in Washington, D.C., on June 23.
June 23, 2015Gregory Lehmkuhl, Former Con-way Executive, to Become Lineage Logistics CEO
Former Con-way Freight President Gregory Lehmkuhl was named CEO at warehousing and logistics operator Lineage Logistics.
June 18, 2015Intermodal Rail Traffic Rises to Highest Level on Record
U.S. rail intermodal traffic rose to the highest level on record for the week ended June 13, the Association of American Railroads reported.
June 17, 2015RoadOne IntermodaLogistics Receives Investment From Private Equity Firm
RoadOne IntermodaLogistics said it has received an investment from Tritium Partners, a private equity firm based in Austin, Texas.
June 17, 2015TT Archives: Labor Contract
The first National Master Freight Agreement between the Teamsters union and representatives of more than 1,000 trucking companies was signed in Chicago on Jan. 15, 1964.
June 15, 2015Trinity Industries Must Pay $663 Million in Guardrail Defect Case
Trinity Industries Inc., maker of a highway guardrail safety system tied to at least nine deaths, must pay $663 million for defrauding the U.S. government.
June 10, 2015