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Summit Files Chapter 11
William Hoffman |
Summit Global Logistics assets will be bought out by senior management and senior secured lenders wh
Transport, Trade and Regulation News
Charleston Boxes Decline
JOC Staff |
The Port of Charleston announced Wednesday that container volume fell 11 percent in 2007, while brea
Maritime
Yusen profit declines
The JOURNAL of COMMERCE ONLINE |
Yusen Air & Sea Service Co., Ltd., a core logistics unit of NYK Line, reported consolidated oper
Transport, Trade and Regulation News
International Air Freight Demand Slows
Thomas L. Gallagher |
Weakening freight growth for 2007 presages a slowdown in 2008 for the air cargo business, warned an
Air Cargo
Tie Demand Slumps
John D. Boyd |
North American sales of crossties for railroad projects fell 4.8 percent to 20.3 million last year,
Rail News
BNSF Cuts Capital Commitment
Thomas L. Gallagher |
BNSF Railway on Tuesday announced its plan to spend $2.45 billion in 2008 on projects to improve its
Rail News
Consumer Confidence Sinks
Thomas L. Gallagher |
Consumer confidence resumed its long slide in January after a small glimmer of hope in December.
Transport, Trade and Regulation News
Commission Wants Vehicle Mile Scheme
Ari Natter |
A research panel's recommendation to replace the Federal gasoline tax with a vehicle miles traveled
Transport, Trade and Regulation News
UTU Chief Offers Path to Merger
John D. Boyd |
The plan to merge the United Transportation Union, the largest single U.S. rail labor group, with a
Rail News
BBC merges U.S. operations
The JOURNAL of COMMERCE ONLINE |
BBC Chartering & Logistic and BBC (USA), LP have announced that they will consolidate their Unit
Maritime
Intermodal loadings lead rail traffic decliners
The JOURNAL of COMMERCE ONLINE |
Freight traffic on U.S. railroads during the week ended Jan. 26 slumped significantly in comparison
Transport, Trade and Regulation News
NY forwarders honor King
The JOURNAL of COMMERCE ONLINE |
Rep. Peter King, R-N.Y., received the annual "Person of the Year" award from the New York Foreign Fr
Transport, Trade and Regulation News
NAFTA Surface Trade Grows
Thomas L. Gallagher |
Trade using surface transportation between the United States and its North American Free Trade Agree
Transport, Trade and Regulation News
Landstar Profits Flat
Thomas L. Gallagher |
Landstar System profits were flat in the fourth quarter despite higher revenue. The surprise was tha
Trucking News
IPBCC hikes EB rates
The JOURNAL of COMMERCE ONLINE |
Member lines of the India-Pakistan-Bangladesh-Ceylon Conferences on Wednesday announced they will im
Maritime
Cold Blocks CN Traffic
Thomas L. Gallagher |
Due to extreme cold and wind conditions, CN on Tuesday temporarily reduced freight service in most a
Rail News
CH Robinson Net Climbs on Volume
Thomas L. Gallagher |
Increased volume, even at the expense of a small bit of margin, led CH Robinson to a positive fourth
Transport, Trade and Regulation News
T&I Committee Cites Successes
Ari Natter |
Noting the committee moved 74 pieces of legislation through the House and passed a bill after a pres
Transport, Trade and Regulation News
J.B. Hunt Leans on Intermodal in 4Q
John Gallagher |
J.B. Hunt's conversion from an asset-heavy trucking company to an asset-light intermodal company hel
Trucking News
Panama Canal transits off
Peter T. Leach / The JOURNAL of COMMERCE ONLINE |
The number of ships and total tonnage passing through the Panama Canal decreased in the first fiscal
Maritime
Northrop Grumman agrees to fine for export violations
The JOURNAL of COMMERCE ONLINE |
Northrop Grumman Corp. has agreed to pay a $400,000 civil penalty to settle allegations that it comm
Transport, Trade and Regulation News
Int'l. lifts UPS revenue
The JOURNAL of COMMERCE ONLINE |
International volume posted double-digit revenue gains for UPS, but the express carrier on Wednesday
Air Cargo
EU Trustbusters Raid Classification Groups
Bruce Barnard |
LONDON -- European Union trustbusters raided the offices of five European ship classification societ
Maritime
ABF Accepts Teamsters Standards
Thomas L. Gallagher |
ABF Freight System agreed to be bound by the proposed 2008-2013 Teamsters National Freight Industry
Trucking News
Jacksonville, Florida-Based Supply Chain Company Starts Its Second Century by Announcing a New Name and New Management Team
JOC Staff |
JACKSONVILLE, Florida--PenserSC is the new name for Peninsular Warehouse Company--an established, re
EU trustbusters raid ship classification societies
Bruce Barnard / The JOURNAL of COMMERCE ONLINE |
LONDON -- European Union trustbusters have raided the offices of five European ship classification s
Maritime
A.P. Moller-Maersk takes stake in Hoegh Autoliners
Peter T. Leach / The JOURNAL of COMMERCE ONLINE |
A.P. Moller-Maersk, parent of Maersk Line, has acquired a 37.5-percent stake in Norwegian vehic
Maritime
NYK Nearly Doubles Profit
Hisane Masaki |
TOKYO -- Japan's NYK Line reported on Tuesday that group profits for the April-December, 2007, perio
Maritime
Saia Profits Sink
Thomas L. Gallagher |
Profits at multi-regional less-than-truckload carrier Saia sank 62 percent in the fourth quarter as
Trucking News
GDP Inches Up
Thomas L. Gallagher |
Real gross domestic product increased at an annual rate of 0.6 percent in the fourth quarter of 2007
Transport, Trade and Regulation News
Nova Scotia container terminal completes financing
The JOURNAL of COMMERCE ONLINE |
Melford International Terminal Inc. on Wednesday announced that it has completed the sale of convert
Maritime
Panama Canal Tonnage Slips
Thomas L. Gallagher |
Fewer transits at the Panama Canal cut net tonnage in the three months from October through December
Maritime
C.R. England Adopts McLeod's HirePower
JOC Staff |
New imaging module from McLeod Software is saving time and improving the efficiency of the driver re
Report criticizes response in Cosco Busan incident
Bill DiBenedetto / The JOURNAL of COMMERCE ONLINE |
An independent review panel found flaws in preparedness and response, especially in the initial esti
Maritime
UPS Loses $2.6B in 4Q
Thomas L. Gallagher |
UPS lost $2.6 billion in the fourth quarter as costs from their landmark agreement with the Teamster
Air Cargo
Charleston boxes decline
The JOURNAL of COMMERCE ONLINE |
The Port of Charleston announced Wednesday that container volume fell 11 percent in 2007, while
Maritime
Summit Global Logistics going private in buyout
The JOURNAL of COMMERCE ONLINE |
Third-party logistics provider, Summit Global Logistics Inc., on Wednesday announced a financial res
Transport, Trade and Regulation News
Marten Earnings Suffer in 4Q
Thomas L. Gallagher |
For the fourth quarter, net income was $3.0 million, or 14 cents per diluted share, compared with $5
Trucking News
Corallo named president of PIERS Global Intelligence Solutions
The JOURNAL of COMMERCE ONLINE |
Commonwealth Business Media announced Wednesday the promotion of Lenny Corallo to the position of pr
Transport, Trade and Regulation News
AMTAC links currency reform to economic stimulation
The JOURNAL of COMMERCE ONLINE |
The American Manufacturing Trade Action Coalition said Wednesday that strong legislation against for
Transport, Trade and Regulation News
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