The four companies that control about 95 percent of the chassis at Los Angeles-Long Beach agreed on Thursday to develop a neutral, or gray chassis pool for the largest port complex in the Americas, with the phased rollout to begin on Feb. 1, 2015.
Higher rates and better utilization of its terminals, trucks and drivers are helping Con-way Freight, the second-largest less-than-truckload carrier, significantly increase profits.
The wave of stronger economic activity that produced freight for truckload and less-than-truckload carriers alike in the third quarter lifted tonnage, shipments and revenue at YRC Worldwide, giving the $4.9 billion LTL company a chance to improve profitability.
Celadon Trucking put more drivers on U.S. highways in the last quarter, and those truckers brought back more revenue and profits for the carrier.
One of the largest U.S. shipper groups is throwing its weight behind an effort to convince PierPass to temporarily waive millions in fees to ease the pain of congestion at the Los Angeles-Long Beach port complex.
Union Pacific Railroad appears to be grabbing intermodal market share from its archrival, BNSF Railway.
U.S. shippers are getting their goods pilfered less but when theft does happen, the losses are more severe, according to a recently released FreightWatch International study.
BNSF Railway’s relatively new intermodal terminal in the Kansas City area has attracted another shipper and fueled speculative industrial warehouse construction.
The Port of Jacksonville’s first dedicated Asian container terminal opened in 2009 — just as U.S. consumer demand plunged because of the global recession. Now the promised Asian container traffic boom is starting to become a reality with volume up 20 percent year-over-year in the port’s fiscal year ending Sept. 30.
Despite nine months that included historic congestion, rumblings of diversions and the lack of a West Coast port contract, the ports of Los Angeles and Long Beach nabbed a bigger piece of the West Coast volume pie through the first three quarters of 2014.
Home Depot Canada is building a more than 1 million-square-feet distribution hub near a Canadian Pacific Railway intermodal terminal in Calgary, further cementing the largest city in Alberta province as a major staging ground for western Canada.
The idle container ship fleet likely will stick at its current four-year low as ocean carriers are reluctant to pull services during the slack winter season, according to Alphaliner.
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.