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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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The latest
Surface
News & Analysis
YRC Ends Year with $98 Million in Cash
William B. Cassidy |
YRC Worldwide’s liquidity fell steeply throughout the year, as the company’s cash and cash equivalents plummeted by two-thirds throughout 2009.
Trucking News
LTL
S&P Upgrades BNSF Rating
John D. Boyd |
Credit evaluator Standard & Poor's Ratings Services raised its long-term ratings on debt issued by BNSF Railway, and said after acquisition by Berkshire Hathaway the railroad should keep generatin
Rail News
North-American rail
YRC Worldwide Loses $899 Million in 2009
William B. Cassidy |
YRC Worldwide narrowed its losses last year and in the fourth quarter, but fierce competition and insecurity over its debt-for-equity swap hurt its business, company officials said today.
Trucking News
LTL
Con-way Reports $111 Million Loss for 2009
William B. Cassidy |
Trucking and logistics giant Con-way reported losses both for the fourth quarter and the full year, as overcapacity and aggressive pricing cut into its trucking income.
Trucking News
LTL
Trade Groups Turn to DOT on Harbor Truck Regs
Bill Mongelluzzo |
Retailers and other trade groups appealed for support Thursday from the U.S. Department of Transportation in their case against turning regulation of harbor trucking over to local port authorities.
Trucking News
Trucking labor
STB Rate Decision Disturbs Railroad, Shippers
John D. Boyd |
The Surface Transportation Board’s decision to order freight rate repayments by Union Pacific Railroad to U.S.
Rail News
North-American rail
Truckers Target Wall Street 'Speculators'
William B. Cassidy |
Truckers are asking Washington for protection from Wall Street speculators who they say artificially drive up the cost of oil and fuels.
Trucking News
C.H. Robinson Reports $361 Million Profit
William B. Cassidy |
Surging freight volume in the fourth quarter boosted sales at logistics giant C.H. Robinson Worldwide, but falling rates offset volume increases in many of its transportation services.
Trucking News
Truck brokers
Ryder Profit Fell 69 Percent in 2009
Thomas L. Gallagher |
Ryder System net profit dropped a sharp 69 percent to $61.9 million in 2009, as it closed its money losing supply chain management operations in South America and Europe.
Trucking News
Dedicated Transport Buys All Star Transportation
William B. Cassidy |
Dedicated Transport Holdings is expanding into liquid bulk trucking by acquiring All Star Transportation, a carrier with offices in Clearwater, Fla., and New Castle, Del.
Trucking News
Cummins Reports Record Profit in Fourth Quarter
William B. Cassidy |
Cummins reported its most profitable fourth quarter in its 91-year history, with engine sales jumping 12 percent to $2.17 billion on surging U.S. truck sales last fall.
Trucking News
Suggs Replaces Greer at Greatwide
William B. Cassidy |
Greatwide Logistics Services Chairman Leo Suggs replaced Raymond B. Greer as CEO of the third-party truck brokerage and logistics firm.
Trucking News
Truck brokers
STB Backs Shipper on Union Pacific Rates
John D. Boyd |
The Surface Transportation Board, in a split decision, ruled that Union Pacific Railroad charged “unreasonably high” rates to chlorine shipper U.S.
Rail News
North-American rail
Obama Proposes Fee for Rail Inspections
John D. Boyd |
President Obama’s budget proposes to have the Federal Railroad Administration start charging for some of its safety inspection services, to bring in $50 million in fee income during the fiscal y
Rail News
Diesel Dives 5.2 Cents to $2.781 per Gallon
Thomas L. Gallagher |
A second consecutive weekly drop brought the average retail price of diesel down 5.2 cents to $2.781 per gallon, the lowest price in five weeks since it hit $2.732 per gallon at the end of December, a
Trucking News
J.B. Hunt Profit Slides 32 Percent in 2009
Thomas L. Gallagher |
Pressure on prices drove profit down 32 percent in 2009 for trucking, brokerage and intermodal transportation provider J.B. Hunt.
Trucking News
LTL
Truck brokers
Hub Group Profit Drops 42 Percent in 2009
Thomas L. Gallagher |
Hub Group profit dropped 42 percent in 2009 to $34.3 million as the recession cut deeply into intermodal volume. Revenue was down 19 percent for the year to $1.5 billion.
Rail News
Werner's Profit Slips, But Demand Rises
William B. Cassidy |
Stronger freight shipping helped Werner Enterprises hold a fourth-quarter decline in its profit to 3.5 percent, as operating revenue fell 10.4 percent from a year ago.
Trucking News
Knight Orders 370 Volvo Trucks
William B. Cassidy |
With more freight flowing into its trailers, Knight Transportation is buying 370 new tractors from Volvo North America.
Trucking News
Railroads Fight Back
John D. Boyd |
Top railroad executives are throwing down the gauntlet, serving notice to Congress and freight shippers they will push back hard against efforts to tighten rail regulations.
Rail News
Transport, Trade and Regulation News
FFE Names S. Russell Stubbs President
William B. Cassidy |
Frozen Food Express Industries, parent of refrigerated trucker FFE Transportation, Dallas, promoted two top executives as it looks for a thaw in the recession that would return it to profitabili
Trucking News
DOT Sends Safety Message
William B. Cassidy |
Placing an immediate ban on text messaging by truck drivers last week, the Department of Transportation sent a message easy to read even without a cell phone.
Transport, Trade and Regulation News
Trucking News
Green Schemes Thaw Trucking
William B. Cassidy |
Grocery chains seeking greater control over inbound inventory and manufacturers pursuing more sustainable shipping are making business hotter for refrigerated freight haulers.
Trucking News
Stacked for Growth
Bill Mongelluzzo |
After a 14 percent decline in intermodal traffic last year, the major western railroads are planning for increased container traffic in 2010.
Rail News
Forwarding
LTL Trucking’s New Mix
William B. Cassidy |
It used to be that simply picking up and delivering freight was enough to keep every “motor carrier of property” in the land fat and happy.
Trucking News
LTL
Fed Survey Finds Slow Gains in Freight
John D. Boyd |
The Fed’s latest “Beige Book” survey, conducted by the economics staff of its 12 district reserve banks, said five regional reports show freight transportation was either “up s
Rail News
Cooling Trend Slows Rail Freight
John D. Boyd |
Railroads are hoping winter storms are the main reason freight traffic has slowed since November, but there are growing concerns that a new chill may have taken hold of the broader recovery.
Rail News
ABF, Teamsters to Meet for 'Dialogue'
William B. Cassidy |
ABF Freight System is holding a "dialogue" with the Teamsters union over pension liabilities and labor costs, the company's top executive said yesterday.
Trucking News
LTL
Trucking labor
Wal-Mart Sets Monday Deadline for Shipping Program
William B. Cassidy |
Wal-Mart Stores will charge suppliers penalties for late deliveries starting Feb. 1, according to a letter to suppliers.
Trucking News
Trucker Landstar Earns $70 Million in 2009
William B. Cassidy |
Landstar System is shutting the trailer door on 2009, after reporting a 36.5 percent drop in profit and a 24 percent slide in sales.
Trucking News
Kansas City Southern Profit Dropped 63 Percent in 2009
Thomas L. Gallagher |
Net profit at Kansas City Southern dropped 63 percent to $69 million in 2009, as the company came through a business environment in the first five months that Chairman and CEO Michael R.
Rail News
North-American rail
ABF Freight Lost $99.9 Million in 2009
William B. Cassidy |
Arkansas Best's ABF Freight System lost $32.4 million in the fourth quarter, battered by a weak economy and fierce price competition among less-than-truckload carriers.
Trucking News
LTL
Obama Awards States $8 billion for High-Speed Rail
William B. Cassidy |
Work on a high-speed rail network connecting U.S. cities is set to accelerate as President Barack Obama awards $8 billion in stimulus act high-speed rail funding to 31 states.
Rail News
Canadian Pacific Profit Climbs 3 Percent
Thomas L. Gallagher |
Canadian Pacific Railway improved its net profit in the fourth quarter by 3 percent year-over-year to $182 million with the help of some unusual tax benefits.
Rail News
North-American rail
President Presses for Exports to Create Jobs
R.G. Edmonson |
President Obama said Wednesday that increasing exports and construction of infrastructure will be among the ways the U.S. economy will recover from the recession.
Transport, Trade and Regulation News
Forwarding
Trucking labor
ODFL Earns $34.9 Million Profit for 2009
William B. Cassidy |
Old Dominion Freight Line rolled out of 2009 with a few scratches, dings and dents but with a profit margin that's still the envy of the less-than-truckload industry.
Trucking News
LTL
Norfolk Southern Profit Falls 37 Percent
John D. Boyd |
Norfolk Southern Railway’s fourth-quarter net income fell 32 percent from a year earlier to $307 million, as revenue fell 16 percent to $2.1 billion.
Rail News
North-American rail
Ports Group Opposes Truck Regulation Overhaul
Bill Mongelluzzo |
The American Association of Port Authorities will not join some of its largest members in seeking greater local regulatory authority over harbor trucking.
Maritime
Trucking labor
Shippers Built Along CSX Tracks in 2009
John D. Boyd |
Eastern-U.S. railroad CSX Transportation said customers last year “committed to 92 new or expanded facilities” along CSX tracks, which represent $3.2 billion in investments.
Rail News
North-American rail
Teamsters, Environmentalists Target Toyota
William B. Cassidy |
The partnership labor and environmentalists forged at California ports is moving up the supply chain to protest Toyota's plans to shift some U.S. production to Japan.
Trucking News
Trucking labor
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