![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKING INDUSTRY * USA - MARKET & PROGNOSIS
* Trucking Drives Higher
New York,NY,USA -Associated Press/Forbes -17 Jan 2008: -- Shares of most trucking companies rose in trading Thursday, as investors rallied with increasing confidence that the worst of the sector's downturn is now over, although an uptick in demand has yet to be seen... Stifel Nicolaus John Larkin said some truckers will likely benefit from international growth of container trade in the next one or two years. He noted a further slowdown in the U.S. economy isn't expected to affect this growing segment... But Wachovia analyst Justin B. Yagerman noted that while U.S.-based truckers should benefit from growing port traffic in the coming years, indications suggest that the freight slump has not yet subsided. Yagerman said indications suggest that both truckload and less-than-truckload carriers will still struggle with weak demand and excess capacity in the near term. Also, the analyst said truckload pricing could get worse if the weakness continues... In midday trading, truckload carrier Werner Enterprises rose 14 cents to $16.39. Heartland Express added 6 cents to $14.24, and Knight Transportation gained 3 cents to $15.11... J.B. Hunt Transport Services Inc. lost 17 cents to $25.46... Among less-than-truckload carriers, Con-way rose 69 cents to $40.94, and Arkansas Best added 20 cents to $19.94...
* YRC jumps early contract hurdle, faces restructuring challenges
Washington,DC,USA -Logistics Management, by John D. Schulz -15 Jan 2008: -- With the Teamsters’ rank-and-file ramification likely on a new five-year labor deal, YRC Worldwide hopes it has stemmed freight diversion to non-union competition as the nation’s largest group of LTL carriers hopes to rebound from one of its worst years in its 84-year history... Now that the contract is behind them, YRC officials have some hard choices. One likely scenario is a partial closure or sale of parts of its regional business. There is also a chance of potentially merging the Roadway and Yellow brands, a move management has resisted but might be its best hope for profitability and long-term competitiveness...* NYK Logistics Americas Inc. acquires Bruni International to enhance cross-border capabilities
Long Beach,CAL,USA -Logistics Management, by Jeff Berman -16 Jan 2008: -- Transportation and logistics services provider NYK Logistics Americas Inc. (NLA) said this week it has acquired Bruni International, a Laredo, Texas-based provider of customs brokerage, freight forwarding, and distribution services... Financial terms of the deal were not disclosed...* ProLogis goes forward with sustainability initiative
Denver,CO,USA -Logistics Management -17 Jan 2008: -- ProLogis, a global owner, manager, and developer of distribution facilities, said this week it has rolled out a new sustainability initiative that will mandate all of its new United States-based development to comply with U.S. Green Building Council (USGBC)-drafted environmental standards... The USGBC is a building industry nonprofit group that promotes sustainable development, according to a ProLogis statement...Labels: trucking industry news USA
posted by Unknown @ 3:58 PM
0 Comments:
Post a Comment
<< Home