“June is a big month in the second quarter historically…and if we don’t see it here in the month of June you really have to question what we are going to see in July and August,” said Rourke.
DrayNow, the first real-time marketplace connecting intermodal freight with carriers, has joined the Blockchain in Transport Alliance (BiTA). BiTA is developing best practices and standards for blockchain in the transportation industry. Blockchain is an open, distributed digital ledger that can record and share transactions between two or more parties efficiently, securely and permanently. Blockchain enables […]
The share repurchase in its entirety represents a little more than 7.5 percent of the company’s outstanding common shares.
A report indicates that the EU is slow to adopt alternate truck fuels. Indian logistics startups are flourishing. Chinese logistics firms that help Chinese businesses relocate are winners in the US-China trade war.
This article brought to you courtesy of NEXT Trucking Intermodal and drayage carriers are seeing a drop in demand about midway through the second quarter. The U.S.-China trade war gets most of the blame, but it might be more complicated than that. After 2018’s rush to get containerized goods off of U.S. ports and into […]
Rail congestion in regions such as Chicago and Houston may have eased for now, but the railroads will still need to find ways to increase capacity at those busy city locations as the U.S. population grows, Class I railroad executives said at an investor conference this week.
Executives with eastern railroads CSX and Norfolk Southern expressed confidence this week that they can compete alongside trucks for e-commerce business.
Forward Air names Chris Ruble COO, Matthew Jewell chief commercial officer
A Canadian National (NYSE: CNI) subsidiary has acquired the intermodal assets of Alberta-based H&R Transport, a company that specializes in the over-the-road, temperature-controlled service. The acquisition will expand CN’s presence in moving consumer goods, and is part of the company’s broader effort to offer more end-to-end rail supply chain options, according to railroad president and […]
Union Pacific (NYSE: UNP) announced which intermodal terminals it would close around Chicago, Illinois, weeks after hinting on its first quarter earnings call that it planned to consolidate operations there. The railroad said on May 2 that the changes are a result of its efforts to “simplify” its supply chain along its intermodal network and […]
J.B. Hunt Transport has consolidated its sales, operations and customer support functions for its Mexican subsidiary in a new office in Santiago de Querétaro, Querétaro, Mexico.
Schneider National, Inc. held a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.
Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.
Canadian National Railway Company reported adjusted earnings per share of C$1.17 per share for the first quarter 2019, 17 percent better than the same period a year ago.
Canadian trucking company Bison Transport acquired all of the intermodal assets of Indianapolis, Indiana-based Celadon Group Inc. on April 26.
J.B. Hunt blames its earnings and revenue shortfall on weak intermodal freight volumes, harsh winter weather and concerns about possible tariffs on Chinese imports in its first quarter earnings report on April 15.
J.B. Hunt’s earnings and revenues fell short of analysts’ expectations in the first quarter of 2019, causing its stock to drop 4 percent at the end of trading on Monday, April 15.
New trends in supply chain design have been tailwinds for the growth of the intermodal market, including the increasing length and complexity of global supply chains across modes and changing customer preferences tilted toward shipment velocity. Recognizing the opportunities afforded by a growing market, a host of small intermodal marketing companies (IMCs) have entered the space. But newcomer IMCs need better visibility into intermodal market conditions and shipment locations to be able to compete with high- volume incumbents. In this white paper, Blume Global and FreightWaves explore the current market forces driving the need for intermodal visibility.
The seller was Swedish private equity group EQT Partners, which may be trying to clean up its balance sheet ahead of an IPO.
Protecting market share is part of the battle over longer trucks.
