Latest news

William J. Logue, a veteran FedEx Express executive, will become president of FedEx Freight, the express giant’s $4.6 billion trucking arm, Dec. 1.

Warren Buffett’s Berkshire Hathaway announced Tuesday it will buy the Burlington Northern Santa Fe railroad in a transaction worth an estimated $34 billion.

The prices of the kinds of commodities that manufacturers around the world use to make industrial products hit a record high in the week at the end of October, according to the Industrial price Index

The retail price of diesel rose seven-tenths of a cent last week, the fourth straight week of increases in the national average, according to the U.S.

Mediterranean Shipping Co. said Monday it will add calls at Norfolk to the revised port rotation of its Golden Gate Service from Asia via the Suez Canal.

Panalpina launched an online transportation rate management hub on the GT Nexus Trade and Logistics Portal, supporting all ocean trade lanes across all carriers that Panalpina works with.

PORT CANAVERAL, FL— November 2, 2009 – Merritt Island resident Ralph Kennedy has stepped down from the Canaveral Port Authority Board of Commissioners.

Freight management provider Geodis Wilson has appointed Mathieu Renard Biron as their new Regional Vice President for Asia Pacific.

YRC Worldwide will launch a debt-for-equity exchange offer this week that could wipe more than $500 million in debt from the financially-troubled trucker's books.

The manufacturing sector expanded solidly in October as the PMI index of business activity surged 3.1 percentage points to 55.7 percent, the highest rate of growth since April 2006.

The closely watched Cass Freight Index of U.S.

Evergreen Marine Corp.

An Internal Revenue Service decision to reverse a previous assessment that FedEx had misclassified some package delivery drivers marks a strong victory for the carrier and its use of independent contr

Mediterranean Shipping Company posted a two-stage general rate increase on Monday for cargos imported from ports in North Europe and the Mediterranean to the United States, Canada and Mexico.

TNT, Europe's second largest mail and express company, reported its fifth consecutive quarter of declining earnings, but said its express operations are showing early signs of growth.

Ocean container carriers seeking extra cargoes are failing to grab market share from conventional refrigerated vessels despite "desperate marketing and pricing tactics," a leading reefer ope

Maersk Line on Monday announced a general rate increase as of Nov. 15 on cargo it carries from South Asia and the Middle East to Europe.

DSV, Scandinavia’s biggest trucking and logistics company, reported a steep decline in third quarter earnings but said it gained market share in its key ocean, air and land transport sectors.

Maersk Line said Monday it plans to launch a new service this month between the eastern Mediterranean and Central Europe via the Adriatic Sea that it calls the Adriatic Levant Express or “ALEX.&

Following similar moves by several other carriers in recent weeks in taking advantage of capacity cuts on the trans-Atlantic, Hanjin Shipping on Monday said it will raise its freight rates on the tran

The board of YRC Worldwide named Chief Operating Officer Timothy A. Wicks president of the trucking giant last week, a vote of confidence in Wick's handling of the company's financial crisis.

Net profit for state-owned Shipping Corporation of India fell 88 percent from a year earlier to $7.3 million in the second quarter ending Sept. 30.

A multi-year program to realign Chicago’s commuter and freight rail system issued its largest contract to date, a $10.4 million project that will double the rail capacity through the Stockyards

The total number of transits and tonnage through the Panama Canal dropped slightly in fiscal 2009 ended Sept.

Israel Corp delayed for a third time a key vote on a financial restructuring for subsidiary Zim Integrated Shipping Services, casting fresh uncertainty over the future of the troubled Israeli ocean co

Evergreen Line said Friday it will increase rates in December and January on cargo on outbound containers from North America to Europe, Asia, Australasia and the Middle East.

Stronger international lift and a pickup in next-day shipments took some of the sting out of the recession for UPS in the third quarter.

Tightening lift is forcing shippers and their air cargo agents to shift gears.

Food import regulation in the U.S. is lacking, with large gaps that endanger public health, according to a new report from the congressional Government Accountability Office.

For all the gloom and doom that container lines have been expressing about falling volumes, one segment of the trade has been holding up fairly well — the reefer trade.

The country may be crawling out of the worst recession in decades, and transportation companies along with their customers may be reeling from slack demand and “unsustainable rates,” but you wouldn’t

Operating without its own equipment on the road appears to make C.H. Robinson Worldwide a tough target for the economic downturn.

Sometimes when you want to save, you have to spend.

The universal language governing international and U.S. domestic commerce is due for a revision that could come as early as January 2011.

A Slow Crawl for LTL Rates

Sometime over the next few weeks, the White House Council on Environmental Quality will update its “principles and guidelines” to steer federal agencies making policy decisions on water resources.

Five years ago, the U.S.

SHENZHEN, China — No one can accuse Electrolux’s Bjorn Vang Jensen of complaining about volatile shipping rates and not doing anything about them.

Taiwan’s decision last month to remove virtually all restrictions on its imports of U.S. beef could be the best recipe for growth in global U.S. exports of meat.

The proof is in the numbers.