News

GetThere Green gains award

Leading online corporate travel group GetThere Green has won Executive Magazine’s Green Supply Chain Awards

AMR: ‘supply chain tech worth US$9.2bn’

A report from AMR Research predicts that supply chain technology will increase at a rate of seven percent annually for the next five years.

Wallenius Wilhelmsen logistics to increase service

The joint venture between Scandinavian transport companies Wallenius Lines and Wilh Wilhelmsen has announced it will retire its older tonnage and increase services between Oceania and the Americas.

Avatar Partners and TradeCard will work together

Avatar Partners and TradeCard announce alliance

The two supply chain companies have agreed a partnership to speed up and improve their operations.

BOS signs US$8m deal

Better Online Solutions (BOS) Ltd has announced a supply agreement with an unnamed North American aircraft manufacturer worth an estimated US$8 million.

UPS: outlook unclear, so no peak package forecast

United Parcel Service Inc , the world's largest package delivery company, will not issue a peak shipping volume forecast for the coming holiday season, saying that the current economic environment makes it difficult to issue an accurate projection.

FedEx to reduce emissions

FedEx Corp today, November 13, has announced plans to reduce carbon dioxide emissions from its FedEx Express aircraft fleet by 20 percent.

DHL to cut 9,500 US jobs

Global delivery company DHL announced Monday, November 10, that it was cutting 9,500 jobs to improve profitability and to prepare for the economic challenges ahead.

C.H. Robinson increases quarterly cash dividend

The board of transportation services provider C.H. Robinson Worldwide Inc announced November 6, that it will increase the company's quarterly cash dividend to 24 cents per share from 22 cents.

Con-way Freight to close service centers

Con-way Freight has announced plans to close 40 service centers across the country in an effort to cut costs.

Boeing machinists vote to approve labor contract

Boeing's 27,000 assembly workers voted to approve the company's four-year contract offer on Saturday, ending a strike that has stopped production at the plane maker's Seattle area plants for 57 days.

Overseas Shipholding posts record Q3 earnings

Overseas Shipholding Group Inc said that its third-quarter profit rose sharply as it charged higher rates and earned more revenue from carrying shipments of crude oil.

CN reports 14% rise in Q3 earnings

Railroad operator Canadian National Railway (CN) has reported a healthy increase in earnings for the third quarter despite an unstable economy.

Kansas City Southern Q3 misses guidance

Railroad operator Kansas City Southern reported a 17 percent increase in quarterly profit, but missed Wall Street expectations due to the impact of hurricanes Gustav and Ike.

Applied Industrial lowers 2009 outlook

Industrial parts distributor Applied Industrial Technologies lowered its earnings outlook for fiscal 2009 on Monday, October 27, citing uncertainty in the US economy.

Union Pacific sees 4Q forecast above expectations

Union Pacific Corp said it expects fourth quarter earnings above Wall Street expectations, predicting that long-standing contracts should partially offset the impact of the weak economy and slowing shipments.

Norfolk Southern shares up after better-than-expected Q3

Shares of Norfolk Southern Corp rose 67 cents on Wednesday, October 23, after the freight railroad operator reported a 35 percent jump in third quarter profit.

Arkansas Best revenue falls short of forecasts

Trucking company Arkansas Best Corp said Wednesday, October 22, that third-quarter profit fell more than 18 percent as the environment for freight carriers weakened.

FedEx drivers win US$14.4m in labor case

A court-appointed official has awarded California drivers for FedEx Corp about US$14.4 million in a dispute over whether the delivery company illegally classified them as independent contractors instead of employees.

UPS to raise rates by 5.9%

United Parcel Service Inc on Friday, October 17, announced a general rate increase of 5.9 percent for 2009, beginning January 5.

Synergex signs distribution agreement with InComm

Synergex Corporation has signed a Canadian logistics and distribution deal with InComm, a company specializing in stored-value gift cards and prepaid products.

Navistar selects Menlo as global lead logistics provider

Navistar International Corporation said that Menlo Worldwide Logistics LLC will support its global growth strategies as the company moves into new marketplaces.

CSX net profit falls, cautious about outlook

Freight railroad operator CSX Corp announced that its third quarter earnings fell six percent, but still beat Wall Street's expectations.

Atlas Air updates 2008 outlook

Atlas Air Worldwide Holdings Inc said its full year earnings would be tempered by market conditions in its Scheduled Service and Commercial Charter businesses.

UPS Freight improves transit times on further 1,900 lanes

UPS Freight said it is to speed up transit schedules on more than 1,900 traffic lanes in eight western states; the third round of its 2008 network enhancements.

Pacer announces new unified brand

Pacer International unveiled its new brand initiative this week that will more effectively communicate the company's service capabilities and unified approach to the marketplace.

FedEx Nacional begins operations in Mexico

FedEx Express has begun its domestic overnight service in Mexico, FedEx Express Nacional, and announced the opening of the Toluca Hub Multiplex, its new center of operations for domestic shipments.

Transportation payrolls fall over 16%

The Labor Department's nonfarm payrolls report for September showed a drop of 16.1 percent from August in the transportation and warehousing segment.

US Railroads Index sees steepest fall since 1989

The Standard & Poor's 500 Railroads Index saw its biggest intraday drop in 19 years on concern that falling factory orders and commodity prices herald a drop in freight volume.

Con-way cuts 2008 earnings guidance

Trucking, forwarding and logistics group, Con-way Inc, said that it now expects earnings from continuing operations to be between US$2.60 and US$2.80 per diluted share.

Aerial view of Chicago Midway

Chicago Midway put up for privatization

A consortium of firms, including a Vancouver International Airport Authority subsidiary, has won a US$2.5 billion deal to develop and run Chicago Midway Airport.

FedEx shareholders vote against separate Chairman-CEO

FedEx Corp shareholders struck down a proposal that would have separated the role of Chairman and Chief Executive Officer at the company's annual meeting on September 29.

Economic conditions to reduce mail volumes, says USPS

The United States Postal Service said last week that it expects to end the current fiscal year with a volume decline of nine billion pieces.

ATA urges government to stabilize US economy

American Trucking Associations have urged Congress to swiftly stabilize the country's financial system, pointing to severe consequences for the sector and the broader economy.

No need for prices wars, says CN Rail CFO

North America's railroads are unlikely to turn to predatory pricing to maintain revenue growth, Canadian National Railway Co's Chief Financial Officer has said.

CSX: Recent storms will cut Q3 earnings

CSX Corp have said that it expects recent storms along the Gulf Coast and the Midwest to cut its third quarter earnings six cents to eight cents per share.

Union Pacific locomotive

Union Pacific Q3 earnings to exceed analysts' estimates

Union Pacific Corp said that lower diesel fuel costs and strong operating efficiency will more than offset the impact of recent hurricanes and lower volumes.

Shipping costs, delays set to rise in 2009

Footwear players will see a narrowing gap between supply and demand and will also be dealing with new regulations, according to a shipping expert.

FedEx falls but meets Wall Street's expectations

FedEx Corp said that first quarter earnings fell 22 percent but met forecasts as cost cuts partially offset the impact of slowing global growth.

Norfolk Southern expects contract impact in Q3

Shipping and transportation company Norfolk Southern Corp expects to account for lump sum payments to its engineers under a new labor agreement.

ABF Freight expands North American network

ABF Freight System Inc, a subsidiary of Arkansas Best Corporation, has announced faster transit times in more than 24,000 US station-to-station lanes.

CSX loses appeal to block TCI nominees from board

Two additional nominees supported by London-based activist hedge fund The Children's Investment Fund Management LLP, or TCI, will be seated on the board of CSX Corp after the railroad lost a legal appeal to block them.

American Airlines decide against layoffs

American Airlines has canceled plans to lay off more pilots because of a surge in retirements.

USA InterCargo announces relocation

The global transportation and logistics company is to centralize its logistics planning, customer service, marketing and accounting functions in Carmel.

USA InterCargo announces relocation

The global transportation and logistics company is to centralize its logistics planning, customer service, marketing and accounting functions in Carmel.

CSX revises forecast, growth expected

CSX Corp raised its 2008 profit forecast on September 11, citing strong industry momentum, and said long-term earnings growth would be higher than previously expected.

FedEx Q1 profit to exceed expectations

FedEx Corp said it will report a better-than-expected profit of US$1.23 a share for the quarter ended August 31, helped by falling fuel costs.

Forward Air acquires Service Express assets

Forward Air Corp said Monday, September 9, that subsidiary Forward Air Solutions Inc has completed its acquisition of certain assets of privately held distributor Service Express Inc.

Lockheed Martin wins US Navy logistics contract

Defense contractor Lockheed Martin Corp has been awarded a contract to provide logistics and systems services for the US Navy in the US and abroad.

Pacer names new CFO, EVP Investor Relations

Logistics and transportation firm Pacer International Inc has promoted senior finance executive Brian Kane to the post of Chief Financial Officer.

FedEx to speed up Europe-US East Coast transit times

FedEx Express, a subsidiary of FedEx Corp, has upgraded its next-business-day delivery service, FedEx International Priority, from Europe to major US East Coast cities.

Liberty Shipping unit makes offer for International Shipholding

International Shipholding Corporation has said it had received a letter from Projection LLC to acquire all of the outstanding shares of the firm’s common stock.

Clark Holdings names President, CEO

Transportation management company Clark Holdings Inc has named board member Gregory Burns as President and Chief Executive.

US logistics companies to merge

Eastman Logistics has signed a letter of intent to merge with World Logistics Services Inc.

Agility Defense & Government Services

Agility DGS wins warehousing contract

Agility Defense & Government Services said yesterday, August 28, that it has been awarded a contract for warehouse and distribution services at the Defense Distribution Center, Kuwait (DDKS).

DP World H1 beats analysts' estimates

DP World Ltd said earnings almost doubled in the first-half as trade increased in the Middle East and Asia.

UPS freight truck

UPS Freight improves transit times

UPS Freight is to improve transit times on more than 1,200 traffic lanes originating in the Midwest, Northeast and Mid-Atlantic, the truckload service provider said on today, August 26.

Former Intuit CEO joins Sojern Board

Sojern yesterday, August 21, announced that Stephen M Bennett has joined its Board of Directors.

ProLogis logo

ProLogis to built industrial site in Mexico

ProLogis announced August 19, that it plans to develop approximately 500,000 square feet of industrial warehouse space in Ciudad Juarez, Mexico.

ABX Air, DHL reach agreement on severance packages

ABX Air Inc said yesterday, August 19, that it has reached agreement with DHL on severance packages for workers being laid off as a result of the logistics company’s restructuring.

Kathryn Mikells

Mikells to replace Brace as UAL finance chief

United Airlines parent UAL Corp said on August 15, that Kathryn Mikells will replace Jake Brace, who will retire on November 1.