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Explore the world of ground transport news - from trucks to railroads, intermodal connections, and port ties. Daily insights on US and global shipments.
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News & Analysis
Trucking Industry Slow to Adopt LNG, Survey Says
Mark Szakonyi, Associate Editor |
The trucking industry is reluctant to add natural gas-powered vehicles to its fleets despite the lowcost and abundant supply of the fuel, according to a recent survey.
Truckload
In Mapping Strategy, UPS Freight Watches the Sea
William B. Cassidy, Senior Editor |
Jack Holmes, president of one of the largest trucking companies operating on U.S. highways, keeps an eye on the sea, where container shipping lines are struggling to stay afloat financially.
Trucking News
Container lines
Forwarding
LTL
Railroads Profit by Marrying Capacity and Demand
Mark Szakonyi, Associate Editor |
Much of the reason the North American railroad industry continually leads other freight modes in profitability is its ability to match demand with capacity. This year looks to be no different.
Transport, Trade and Regulation News
Rail News
Logistics Challenges Force Shippers to Think Outside the Box
Peter T. Leach, Senior Editor |
Shippers normally opt for the expense of air service only when they need to expedite high-value cargo such as computer chips and diamonds.
Port News
Maritime
Trucking News
Rail News
Forwarding
The Hill Ramping Up Dredging Efforts
Mark Szakonyi, Associate Editor |
The push by U.S. ports for more federal dredging dollars is finally beginning to make waves in Congress.
Transport, Trade and Regulation News
Maritime
Trucking News
Rail News
Intermodal Rail Volume Rises 5.5 Percent
Mark Szakonyi, Associate Editor |
U.S. intermodal rail shipments in the week ending April 28 jumped 5.5 percent year-over-year and 1.3 percent from the previous week, according to the Association of American Railroads.
Intermodal providers
Proxy Advisory Firm Endorses Activist Investor Slate, Castigates CP
Mark Szakonyi, Associate Editor |
A proxy advisory services firm castigated Canadian Pacific for “an enduring failure of board leadership” in its endorsement of the seven director nominees proposed by an activist investor.
North-American rail
YRC Worldwide Narrows Loss to $48.8 Million
William B. Cassidy, Senior Editor |
Troubled trucking giant YRC Worldwide narrowed its first quarter operating loss from a year ago while expanding revenue on an year-over-year increase in tonnage.
LTL
Roadrunner Transportation Revenue Races to $237 Million
William B. Cassidy, Senior Editor |
Roadrunner Transportation Systems increased its profit 70.5 percent in the first quarter to $7.9 million as revenue rose 38.2 percent to $236.6 million.
LTL
Drayage Strike Continues at Port Klang, Malaysia
Mike King, Special Correspondent |
A strike by truck drivers at Malaysia’s key gateway of Port Klang continued Thursday, preventing drayage movement of containers in and out of terminals operated by Westport and Northport stevedo
International ports
Drayage
Trucking labor
Schneider National Replacing More Than 3,000 Trucks
William B. Cassidy, Senior Editor |
Schneider National, the largest privately owned U.S. truckload carrier, is replacing one-third of its truck fleet, purchasing more than 3,000 new trucks in 2012.
Truckload
Activist Investor Says CP Shareholders Determine Management
Mark Szakonyi, Associate Editor |
Activist investor William Ackman said shareholders should determine Canadian Pacific Railway management amid reports that some railroad directors are floating a compromise.
North-American rail
Pitt Ohio Speeds Expedited, West Coast LTL Service
William B. Cassidy, Senior Editor |
Trucking company Pitt Ohio expanded its expedited less-than-truckload service for national and global shippers.
LTL
Higher Rates, Volumes Triple Con-way Profit
William B. Cassidy, Senior Editor |
Trucking and logistics giant Con-way more than tripled its net profit in the first quarter, increasing earnings to $25.6 million as revenue ro
LTL
EOBR Mandate in Transport Bill Divides Trucking Industry
Mark Szakonyi, Associate Editor |
The American Trucking Associations is urging Congress to require drivers to use electronic on-board recorders, while independent owner-operators argue the technology has no safety or cost benefits.
Trucking News
Transport, Trade and Regulation News
Genesee & Wyoming Reports Flat Profit on Revenue Rise
Mark Szakonyi, Associate Editor |
Genesee & Wyoming’s profit was nearly flat at $22.2 mil
North-American rail
Allianz to Waive Deductibles on Some Truck Cargo Theft
Peter T. Leach, Senior Editor |
Allianz Global Corporate & Specialty said it will waive the insurance deductible on theft of truck cargo in transit if the theft is reported to law enforcement within an hour of the theft.
International ports
Trucking News
NAFTA Trade Up 17.4 Percent in February
Joseph Bonney, Senior Editor |
The value of surface-transportation trade between the U.S.
Transport, Trade and Regulation News
Trucking News
Rail News
JSC Transcontainer's International Traffic Jumps 17.8 Percent
Mike King, Special Correspondent |
Russia’s leading intermodal operator saw international transit traffic handled increase by 17.8 percent last year as Asia-Europe overland transport options grew in popularity.
Intermodal providers
Modal Shift, 3PLs Transform LTL Trucking
William B. Cassidy, Senior Editor |
Less-than-truckload motor carriers that survived the recession are struggling with challenges, including modal shift and rising costs, that are transforming their industry, a quartet of trucking CEOs
LTL
Diesel Prices Fall for Third Straight Week
Mark Szakonyi, Associate Editor |
Diesel prices across the U.S. fell for the third week in a row, dropping 1.2 cents in the week ending April 30 as oil prices rose slightly above $4 a barrel.
Transport, Trade and Regulation News
LTL
Number of Active For-Hire Truckers Up 7.5 Percent
William B. Cassidy, Senior Editor |
The number of active for-hire motor carriers in the U.S. rose 7.5 percent from February 2011 through this month, an increase of more than 11,500 trucking companies.
Trucking labor
Longshore labor
YRC Worldwide, Creditors Reach Agreement
William B. Cassidy, Senior Editor |
YRC Worldwide's lenders agreed to reset financial covenants that underpin the company's restructuring to help the struggling
Truckload
LTL, Capitol Hill Top Agenda at NASSTRAC
William B. Cassidy, Senior Editor |
Challenges facing shippers and motor carriers in an uncertain economy and on Capitol Hill will top the agenda Monday at the <
LTL
ABF Parent Reports $18.2 Million First Quarter Loss
William B. Cassidy, Senior Editor |
A drop in daily tonnage after price hikes in 2011 and "unusual" workers compensation costs contributed to
LTL
Trucking News
Truck brokers
Landstar Profit Soars 30 Percent as Truck Volume Rises
William B. Cassidy, Senior Editor |
Landstar System increased its net profit 30 percent to $26.8 million as truck transportation revenue rose 15.8 percent to $600.2 million in the first quarter.
Truckload
Truck brokers
Keystone Pipeline Muddies Highway Bill
Mark Szakonyi, Associate Editor |
One could be forgiven for thinking the House’s most recent extension to the surface transportation bill was about the controversial Keystone XL pipeline, rather than highway spending.
Transport, Trade and Regulation News
Trucking News
Rail News
LTL
Class I Railroads Post Robust Earnings in First Quarter
Mark Szakonyi, Associate Editor |
If there’s a lesson from U.S.
Rail News
North-American rail
Canadian Pacific Union Approves Strike Option
Mark Szakonyi, Associate Editor |
Canadian Pacific Railway would face a labor disruption in late May if a union representing 5,000 workers exercises a strike mandate it received from members Thursday.
North-American rail
2011 a Banner Year for Top Trucking Companies
William B. Cassidy, Senior Editor |
The economic recovery, tenuous on Main Street and shaky on Wall Street, is surprisingly strong on the open road, where trucking companies are accelerating faster than the general economy and generatin
Trucking News
LTL
Truck brokers
Double-Digit Brokerage Growth Boosts Echo Profit 42.9 Percent
Mark Szakonyi, Associate Editor |
A 21.9 percent jump in freight brokerage propelled Echo Global Logistics' profit in the first quarter to $3.1 million, up 42.9 percent year-over-year.
International ports
Truck brokers
Intermodal Rail Volume Jumps 6 Percent
Mark Szakonyi, Associate Editor |
U.S. intermodal rail shipments in the week ending April 21 jumped 6 percent year-over-year and 2.2 percent from the previous week, according to the Association of American Railroads.
Intermodal providers
Knight Boosts Profit on More Loads, Higher Pricing
Mark Szakonyi, Associate Editor |
Knight Transportation profit in the first quarter rose 6 year-over-year to $10.5 million, as the company increased pricing and expanded its markets share amid an improving freight market.
Truckload
Universal Truckload Profit Jumps 24 Percent
Peter T. Leach, Senior Editor |
Universal Truckload Services reported a profit Thursday of $3.6 million for the 13 weeks ended March 3, up 24.1 percent from $2.9 million for the 13 weeks ended April 2 of last year.
Truckload
Trucking News
ODFL Profit Rises 44.1 Percent on Record Revenue
Mark Szakonyi, Associate Editor |
Record revenue growth of 17.6 percent pushed Old Dominion Freight Line profit up 44.1 percent year-over-year in the first quarter to $31.1 million.
LTL
RailAmerica Loses $40.2 Million Despite Revenue Surge
Mark Szakonyi, Associate Editor |
RailAmerica lost $40.2 million in the first quarter, as an $82.4 million charge related to the early retirement of debt offset a 15 percent year-over-year revenue increase.
North-American rail
Pacer Reports First Quarter Loss
Bill Mongelluzzo, Associate Editor |
Pacer International on Thursday reported a 3.5 percent decrease in revenue to $345.9 million in the first quarter
Intermodal providers
UPS Revenue, Operating Profit Climb
Dana L. Brundage, Managing Editor-Digital |
Package delivery giant UPS reported a 4.3 percent increase in first quarter revenue to $13.1 billion from $12.6 billion a year earlier.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
LTL
Trinity Doubles Profit, Railcar Shipments
Mark Szakonyi, Associate Editor |
Trinity Industries, North America’s largest railcar manufacturer, in the first quarter shipped twice as many railcars as it did a year ago, but new orders fell year-over-year, suggesting the rai
North-American rail
Rebuilding in US, Vitran Reports $5.8 Million Loss
William B. Cassidy, Senior Editor |
Vitran's losses deepened in the first quarter to $5.8 million as the Canadian-based company struggled to improve its U.S. less-than-truckload operations.
LTL
Trucking News
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