Kansas City Southern had a net profit of $90.7 million in the third quarter, compared to $100.1 million in the same 2011 period. The railroad said revenues hit a new record of $577 million, 6 percent more than the $544.5 million recorded in the same 2011 period. David L. Starling, KCS president […]
Southeastern Freight Lines, a Lexington, S.C.-based regional less-than-truckload carrier, has expanded its business in Texas by opening a new service center in Fort Worth. The new facility features a 15,000-square-foot office, 10,000-square-foot appointment warehouse, and 125 truck doors. “This service center will lighten the load on our Dallas service center,” said Matt […]
Liberty Maritime says proposed changes keep U.S.-owned firms out of MSP. By Chris Dupin A New York shipowner says proposed changes in the Maritime Security Program (MSP) would lock in the current participants of the program through 2025, limiting the military and making it more difficult for companies, including his, to compete for contracts […]
“Onshoring is still in its infancy and largely limited to anecdotes. However, the scales are beginning to rebalance for some industries as global conditions evolve,” wrote Michael Dolega, TD Bank’s economist.
Old Dominion Freight Line, re-opened its expanded service center in Morristown, Tenn., this week, finishing over a year-long project. The Morristown facility is one the largest among the company’s 219-terminal network. Old Dominion said it “invested millions to expand the facility to 347 doors and hired dozens of new employees in recent […]
RedPrairie Corp., a supply chain and retail technology provider, appointed Gary Conway to executive vice president and chief marketing officer. He will be responsible for RedPrairie’s global marketing strategy, including brand management, customer engagement, product strategy and marketing, and demand. Conway, a 35-year industry veteran, most recently served as executive vice president […]
The World Trade Organization Appellate Body on Thursday found in favor of the United States in a dispute challenging China’s imposition of duties on U.S exports of grain oriented flat-rolled electrical steel (GOES). A WTO panel agreed with the United States that China had acted inconsistently with its WTO obligations in imposing the […]
When wind energy company Iberdrola Renewable completes construction of a North American wind farm, Red Arrow Logistics comes up behind to pick up unused supplies and materials and transports them to the next build site.
Americold, a provider of temperature-controlled warehousing and logistics to the food industry, has introduced Xpedite, a 24-hour service offering fast delivery of both less-than-truckload and truckload shipments. Xpedite helps food shippers locate truck capacity for routine and urgent deliveries, the company said. “There are many expedited service companies in the marketplace. What […]
The terminal will initially load 30,000 barrels of crude oil per day into railcars – the equivalent of more than 50 tank cars worth – starting in the second quarter of 2013. It will have the potential to handle unit trains of 100 tank cars.
RedLine Solutions, a provider of produce tracking solutions, and Junction Solutions, which offers market-specific and on-demand software to the food and beverage and multi-channel retail sectors, are partnering to eliminate the manual link between field labeling and a company’s mainline ERP system. The firms said this will make for an easier and more […]
Union Pacific Corp. said it had a profit of $1 billion in the third quarter, compared to $904 million in the third quarter 2011. Operating revenue for the Class I railroad was $5.3 billion in the third quarter, 5 percent more than $5.1 billion in the third quarter 2011. “Despite a 12 […]
U.S. Bank, a large volume freight payment provider, plans for continued growth of its transportation business by hiring two new managers. Keith Stopyra joins the bank’s Corporate Payments Systems business as Northeast regional sales manager for transportation payment solutions. Formerly with liner carrier “K” Line, Stopyra brings more than 15 years of experience […]
CHEP Aerospace Solutions has acquired Frankfurt, Germany-based eps-Aircraft Services GmbH, a cargo and galley equipment repair services provider. This follows CHEP’s recent acquisition from Nordisk Aviation Products in Copenhagen, and the opening of an owned repair facility in Doha, Qatar, extending the company’s repair network to more than 50 stations worldwide. eps-Aircraft […]
The Port Authority of New York and New Jersey is developing a strategic plan for the next 20 years, says Richard M. Larrabee, director of the authority’s Port Commerce Department. At the same time, Larrabee said the country should examine new ways to fund port-related infrastructure such as bridges and roads, noting that improvements […]
CSX Corp. had a profit of $455 million in the third quarter ending Sept. 28, 2 percent less than the $464 million it earned in the same 2011 period. Because of share repurchases over the past year, earnings per share also rose 2 percent. Revenue was $2.89 billion in the third quarter, down 2 […]
The Athens-based containership chartering company Costamare Inc. said it’s selling 7 million shares of stock to raise funds for capital expenditures, including vessel acquisitions and other general corporate purposes, which may include repayments of indebtedness. The company said it has priced the offering at $14 per share so that gross proceeds from the […]
Chapman Freeborn Airchartering has expanded its on board courier (OBC) services with the opening of a new office in Hong Kong. The company – which has offices in Fort Lauderdale, Fla.; Houston; Atlanta; and Washington – acquired Euro Express Ltd., a courier company based in Hong Kong that provides hand-carry services in Asia and […]
ChemLogix, a provider of chemical industry transportation management, technology, and supply chain consulting services, has launched a new freight brokerage service as part of its Capacity Management program. The company’s freight brokerage service was introduced to address capacity shortages currently challenging chemical companies across the United States. ChemLogix said it’s “positioned to assist […]
Third-party logistics provider Kane Is Able has appointed Don Mogan to vice president of customer solutions, and Adam Zaranski to director of customer solutions as part of its business development team. They will report to Scott Moran, Kane’s executive vice president of business development and marketing. Mogan, a 25-year logistics industry veteran, has […]
