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NewsJuly 18, 2014

Cass Truckload Linehaul Index Rises, Intermodal Retreats

Truckload linehaul rates paid by North American shippers in June were 5.2% higher than in June of last year, according to the latest Cass Truckload Line Index released Friday.

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NewsJuly 18, 2014

Werner Enterprises Investing in Chinese Carrier

Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.

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NewsJuly 17, 2014

Economic Watch: Housing Starts Fall, Federal Reserve Says Economy Expanding

Housing starts in the U.S. fell 9.3% in June, the second consecutive monthly decline, according to the U.S. Commerce Department, pushing the annual rate down to 893,000, the weakest showing since last September.

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NewsJuly 17, 2014

New Intermodal Facility Opens at Port Everglades

The 43-acre facility increases FEC’s available intermodal capacity from 100,000 to 450,000 lifts a year and will improve the transfer of both domestic and international containers between ships and rail, according to Broward County officials.

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NewsJuly 17, 2014

ATA Promotes Costello, Barna and Others to Senior Staff

American Trucking Associations announced several promotions to the association's senior staff, including Bob Costello and Elisabeth Barna.

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Newsby Oliver PattonJuly 17, 2014

Obama Moves to Support Private Infrastructure Investment

As Congress struggles to preserve the Highway Trust Fund this summer and eventually pass a long-term highway bill, President Obama is using his executive authority to promote increased private investment in infrastructure. In remarks Thursday at the Port of Wilmington, Delaware, Obama announced a plan to help states and local governments use alternative financing for their infrastructure needs.

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NewsJuly 17, 2014

Hub Group Reports Record Profit in Second Quarter

Earnings hit $18.7 million compared to $18.6 million in the second quarter of 2013 for the Illinois-based company.

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NewsJuly 16, 2014

Spot Freight Rates Down Over Past Week, June Performance Higher

Spot market freight rates has declined across the board in the most recent week, following healthy gains the week before, according to the freight matching service provider DAT.

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NewsJuly 16, 2014

Economic Watch: Wholesale Prices, Industrial Production, Home-Builder Confidence Advance

Prices at the wholesale level rose 0.4% in June from the month before, according to new U.S. Labor Department figures, following a 0.2% decline in May and a 0.6% advance in April.

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NewsJuly 16, 2014

Orbcomm Launches First Phase of New Generation of Satellites

Orbcomm this week successfully launched six next generation OG2 telecommunication satellites aboard a SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station, Florida, to provide faster data systems to customers and increasing the company’s overall network capacity for customers in trucking and other fields it serves.

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