Logistics
Ocean Network Express and LX Pantos have formed a joint venture, Boxlinks LLC, to provide end-to-end domestic intermodal transportation services.This strategic partnership will leverage the combined strengths of ONE and LX Pantos and use the companies’ partnerships with major rail carriers and trucking companies to provide efficient and timely delivery of cargo in the U.S.“Through Boxlinks, we are transforming how we deliver value in the U.S.,” said Hiroki Tsuiji, ONE’s ...
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JB Hunt Transport Services’ Q4 Results Mixed
J.B. Hunt Transport Services Inc. reported fourth quarter net income of US$155.5 million, compared to net earnings of US$153.5 million in the fourth quarter 2023.Operating revenue for the Lowell, Arkansas-based intermodal service provider was US$3.15 billion in the fourth ...
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Sean Duffy was confirmed Jan. 28 as U.S. Transportation Secretary, who has been tapped by President Donald Trump to cut transportation regulations and address the nation’s infrastructure, AP reported.A former Wisconsin congressman and reality TV star, Duffy, 53, garnered bipartisan approval, with a 77-22 Senate ...
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Trailer Bridge Inc. said it has been selected by the Naval Supply Systems Command for a five-year, multi-award, indefinite-delivery/indefinite-quantity contract for the U.S. military.
Trailer Bridge is one of 86 companies worldwide awarded the contract for the Worldwide Expeditionary Multiple Award Contract 2.0. WEXMAC 2.0 ...
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Supply chain solutions provider DP World said it has earned International Air Transport Association certification in Brazil, enabling it to provide domestic and international air freight services.DP World said the certification enhances its ability to deliver secure, agile and efficient cargo transportation solutions throughout the ...
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Independent UK freight forwarding Davies Turner has appointed Guillaume Bouyer as head of strategic accounts – Indian subcontinent and Southeast Asia, within its ocean freight forwarding department.Bouyer joins a team of three other heads of trade, each focused on different regions Davies Turner serves through ...
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Global logistics services provider GEODIS has appointed Marc Vollet as executive vice president of the European Road Network Line of Business.Vollet will be a member of the management board, which is chaired by CEO Marie-Christine Lombard.Vollet has 30 years’ experience in managing operations and leading ...
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Multimodal transportation giant Schneider National Inc. in November entered into a definitive agreement to acquire Cowan Systems LLC and affiliated entities for a cash purchase price of about US$390 million, subject to certain adjustments.The sale includes separate agreements to purchase certain real estate assets relating ...
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The U.S. economy in November displayed resilience amidst a transitioning monetary policy and external disruptions but faced ongoing challenges in housing affordability, labor market cooling, and inflationary stickiness, according to the latest ITS Logistics Supply Chain Report.Growth prospects also remain modestly positive, with fiscal and ...
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Estes Express Lines and R+L Carriers affiliate Ramar Land Corp. said they will pay US$192.5 million for eight owned properties and four leased terminals from the administrators of Yellow Corp., the bankrupt less-than-truckload carrier.Estes will pay US$142.5 million for seven owned and four leased terminals ...
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