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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
Ryder System Revenue Tops $1.5 Billion
William B. Cassidy |
Ryder System’s net profit leaped 34.2 percent year-over-year to $40 million in the second quarter, as revenue climbed 18.1 percent to $1.5 billion in the second quarter.
Trucking News
Celadon Group Hauls Less Freight, Doubles Profit
William B. Cassidy |
Truckload carrier Celadon Group more than doubled its profit in the second quarter despite a 1.2 percent drop in freight revenue to $115.3 million.
Trucking News
Railcar, Barge Demand Push Trinity’s Profit Up
John D. Boyd |
Major railcar and barge builder Trinity Industries's soared 63 percent in the second quarter to $30 million, despite disruptions to a barge production facility in Missouri.
Truckload
Maritime
Rail News
North-American rail
Higher Truck Volume Propels C.H. Robinson Profit
William B. Cassidy |
Third-party logistics and brokerage giant C.H.
Transport, Trade and Regulation News
Maritime
Trucking News
Rail News
LTL
Flood Woes Cut Canadian Pacific Profit 23 Percent
John D. Boyd |
Canadian Pacific Railway blamed severe flood disruptions for shrinking its second-quarter profit 23 percent to about $136 million (C$128 million), by curbing revenue growth and adding costs.
North-American rail
Rail News
UPS Freight Increases Sales 19 Percent
William B. Cassidy |
UPS Freight increased its revenue 19 percent to $660 million in the second quarter, improving its revenue per hundredweight and profitability, the company said.
Trucking News
LTL
Long Beach, Los Angeles Announce Clean Air Awards
Bill Mongelluzzo |
The ports of Los Angeles and Long Beach have chosen seven companies as recipients of the 2011 Clean Air Action Plan quality awards.
Maritime
Trucking News
Container lines
Norfolk Southern Profit Leaps 42 Percent
John D. Boyd |
Second quarter profit powered ahead by 42 percent at Norfolk Southern Railway, continuing a pattern of strong earnings reports by major railroads despite tepid freight volume trends.
Rail News
Cummins Doubles Profit to $505 Million
William B. Cassidy |
Strong growth in global truck markets drove engine sales up 53 percent to $2.9 billion in the second quarter at heavy-duty engine manufacturer Cummins.
Truckload
Trucking News
Norfolk Southern Hikes Dividend 7.5 Percent
John D. Boyd |
Norfolk Southern Railway is increasing its dividend 7.5 percent to 43 cents a share.
North-American rail
Rail News
Higher Truck Sales Power Up Eaton Profit
William B. Cassidy |
High demand for heavy trucks in the U.S. drove up sales and profit for drivetrain supplier Eaton in the second quarter.
Trucking News
FedEx Absorbs Mexico’s MultiPack, Distribution System
John D. Boyd |
MultiPack, formally Servicios Nacionales Mupa, has trucking, express package and warehousing operations across Mexico.
Air Cargo
Trucking News
Air Cargo Forwarder News
LTL
Truck Tonnage Index Rises 2.8 Percent
William B. Cassidy |
For-hire truck tonnage rose 2.8 percent in June after falling a revised 2 percent in May, indicating that freight shi
Trucking News
Vitran Loss Deepens in Second Quarter
William B. Cassidy |
Canadian less-than-truckload operator Vitran lost $2.3 million in the second quarter, despite a 23.1 percent increase in revenue to $208.9 million.
Trucking News
LTL
C.R. England Makes Management Changes
William B. Cassidy |
Top executives are shifting jobs at truckload carrier C.R. England, with CEO Dean England taking the president’s title from Chairman Dan England.
Trucking News
CIT Rail Orders 5,000 New Railcars
John D. Boyd |
Railcar fleet leasing firm CIT Rail ordered 5,000 hopper and tank cars for about $475 million, with production to be split among “multiple manufacturers.”
Truckload
Rail News
North-American rail
Canadian National Adjusted Profit Rises 8.2 Percent
John D. Boyd |
Canadian National Railway’s second-quarter profit rose 8.2 percent before counting a charge for net deferred income tax, to $611 million (C$578 million), as it coped with weather problems from f
North-American rail
Rail News
Diesel Prices Rise for Third Consecutive Week
Mark Szakonyi |
Diesel prices across the United States increased 2.6 cents in the week ending July 25, rising for the third consecutive week as gridlock over the U.S. debt solution pushed crude oil prices down.
Trucking News
ILA's Hughes Offers ‘Full Support’ to Daggett
Joseph Bonney |
Richard Hughes Jr., who is not seeking re-election as International Longshoremen’s Association president, said Harold Daggett has his “full support” as the next head of the Atlantic
Trucking labor
Maritime
YRC's Welch: We Must Demonstrate Value
William B. Cassidy |
YRC Worldwide must demonstrate its value to shippers, logistics providers and its own employees to survive and succeed, new CEO James L. Welch said.
Trucking News
LTL
Canada’s Purolator International Expands in US
William B. Cassidy |
Canadian logistics provider and package carrier Purolator International opened a facility in Minneapolis as it rolls out an “aggressive” expansion in the U.S.
Trucking News
LTL
DOT Stimulus Project Payouts Near $30 Billion
John D. Boyd |
The U.S.
Transport, Trade and Regulation News
Trucking News
Rail News
Third Parties on the Rise
William B. Cassidy |
In its first full year of operations as a U.S. third-party logistics operator, Echo Global Logistics took in $33.2 million in gross revenue from 677 customers. That was 2006.
Transport, Trade and Regulation News
Trucking News
Rail News
NY-NJ's Moving Target
Joseph Bonney |
The Port Authority of New York and New Jersey will replace fewer old trucks than expected under a $28 million clean-air initiative but says the program is a success and may be a forerunner of similar
Port News
Maritime
Trucking News
Trucking labor
Railroads Point the Way
John D. Boyd |
Some of the most up-to-date readings of the economy and detailed forecasts for where it’s headed will appear this week and into early August, courtesy of major North American freight railroads.<
Rail News
North-American rail
Natural Gas Hits the Road
William B. Cassidy |
There may be a strong case to be made for using natural gas to fuel the country’s heavy-duty trucks, but for years that case has been ruled by inarguable logic: Truckers don’t buy natural
Trucking News
LTL
Gate Expectations
Peter T. Leach |
Matthew “Bo” Bates thinks many ocean carriers have left their customers in the lurch.
Trucking News
James L. Welch Named CEO of YRC Worldwide
William B. Cassidy |
YRC Worldwide on Friday named James L. Welch, a former president of Yellow Transportation who spent 29 years with the trucking company, as its new CEO.
LTL
Trucking labor
YRC Worldwide Closes on Restructuring
William B. Cassidy |
Troubled trucking giant YRC Worldwide completed its $500 million financial restructuring Friday, cementing long-term credit terms and labor concessions that will save the company more than $1 billion
Trucking News
LTL
Top Railroads Hit Highest Employment Since 2009
John D. Boyd |
The seven largest freight railroads added 1,818 workers to their U.S. payrolls from mid-May to mid-June, the largest increase this year.
Rail News
North-American rail
YRC Worldwide to Name New CEO
William B. Cassidy |
When YRC Worldwide’s new board of directors meets for the first time today, job number one will be naming a new CEO. Job number two: a new CFO.
Trucking News
LTL
Senior J.B. Hunt Executives Retire
JOC Staff |
J.B.
Trucking News
Rail News
YRC National ‘Back in Black’ With $10.6 Million Profit
William B. Cassidy |
Long-haul less-than-truckload operator YRC National rolled back into the black in the second quarter, reporting an operating profit of $10.6 million.
Trucking News
LTL
YRC Contract Pricing Rising Faster, Zollars Says
William B. Cassidy |
YRC Worldwide hiked its contract rates about 4 percent in the second quarter as the less-than-truckload carrier hauled more long-haul and regional freight.
Trucking News
LTL
KCS More Than Doubles Profit to $70.7 Million
John D. Boyd |
Kansas City Southern, the smallest of North America’s Class I railroads, saw profit leap by 104 percent in the second quarter from a year earlier to $70.7 million, as it held down cost increases
North-American rail
Rail News
Stagnant Rail Freight Traffic Remains Below Peak
John D. Boyd |
Freight volume for major North American railroads fell 0.3 percent in the week ending July 16 compared to the same week a year ago, keeping business for the railroads below recent peaks for both bulk
Rail News
North-American rail
YRC Worldwide Cuts Loss to $39 Million
William B. Cassidy |
YRC Worldwide, in the midst of a restructuring aimed at stabilizing the trucking company's finances, reported a $39 million loss for the second quarter on Friday but said overall revenue grew 12.3 per
LTL
Trucking News
Container Corporation of India's Profit Up 21 Percent
JOC Staff |
Intermodal providers
Rail News
Forwarding
Trac Builds M&R Coverage Into Chassis Contracts
Peter T. Leach |
Trac Intermodal, which leases or rents 245,000 marine and domestic chassis to motor carriers throughout North America, is testing a program that includes the cost of maintenance and repair in its dail
Trucking News
Maritime
USA Truck Sales Up in Second Quarter
William B. Cassidy |
USA Truck increased sales in the second quarter but its profit dropped $300,000 to $598,000, clipped by higher fuel costs and a fuel-hedge hangover from last year.
Truckload
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