FedEx Freight, the smallest operating division of FedEx but biggest stand-alone U.S. trucking company, flew higher than the company’s flagship Express division in the last quarter, increasing its operating profit a lofty 70 percent to $168 million on a 13 percent increase in revenue to $1.61 billion.
There really was a Christmas in July this year, at least in terms of increased global container business. That bodes well for North American trucking, intermodal rail and package delivery companies now preparing for an influx of freight ahead of the holiday season.
International intermodal volume growth in North America dropped markedly in August, providing another sign that the lack of a U.S. West Coast longshore contract hangs less on retailers’ necks because the majority of their holiday goods have arrived in the U.S.
U.S Senate investigators said Wednesday that computer networks of transportation companies that work for the U.S. military were broken into 20 times in one year by hackers with links to the Chinese government, highlight the growing cyberattack risk to shippers and carriers.
The emergence of four large alliances among the world's largest container shipping lines is creating a two-tier market that could doom smaller carriers to hanging on to niche trades or going out of business.
Delays this year in moving agricultural products by rail and barge from the Upper Midwest to ports in the Pacific Northwest and Gulf Coast could undermine the position of the U.S. as the world’s premier supplier of soybeans, a transportation specialist told the annual meeting of the Midwest Shippers Association Wednesday.
A Senate committee on Wednesday approved legislation that would push the U.S. rail regulatory agency to more quickly address major issues between railroads and some carload shippers, but its prospects for passage are unclear
The global carrying capacity of container ships will grow by just shy of 5 million TEUs by the end of 2016, but the trend toward ordering larger ships means the number of vessels will not grow significantly, according to a Deutsche Bank shipping report.
U.S. containerized exports will grow in the next five years on the back of a strong construction demand around the globe, JOC Group Economist Mario Moreno says.
The Port of Charleston’s strong container traffic in August has furthered its strategy for above-market growth, although the outlook for the rest of the year is not quite so bright.
U.S. Agriculture Secretary Thomas Vilsack urged Warren Buffett last week to ensure that his BNSF Railway will be prepared to deliver a potential record U.S. corn and soybean harvest this year, the latest sign of political pressure on the rail industry to improve poor service.
The state of Hawaii plans to build a new $266 million container terminal in Honolulu to cater to anticipated higher levels of cargo volumes in coming decades, according to West Hawaii Today.
The number of ships quarantined in Los Angeles by Asian Gypsy Moth infestations has risen to 15 as inspectors battle to keep the invasive species from making its way into North America.