Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million. The holding company expects a gain of $63 million to $68 million from the sale, it said in a Jan. 6 ...
Closing Grain and Livestock Futures Prices Mar. corn closed at $4.23 and 1/2, up 3 cents Jan. soybeans closed at $12.89 and 1/4, up 2 and 1/4 cents Jan. soybean meal closed at $424.50, up 70 cents Jan. soybean oil closed at 38.34, ...
Tags: soybeans, crop development conditions, wheat, corn, crop price
All three wheat futures closed lower than the last report on December 20. Abundant world supplies and weakness in the corn market pushed futures to their lowest point since May 2012 on Thursday. Bargain buying on Friday helped notch the ...
Tags: Wheat, Agriculture, Food
Kriska Holdings Limited’s entire fleet of refrigerated trailers will be equipped with the ibright refrigerated telematics system from International Telematics (ITC), Kriska said Friday. "We have heard loud and clear from our food ...
Tags: cold chain, transportation
Descartes Systems Group, a Waterloo, Ontario-based logistics software provider, has acquired Impatex Freight Software Limited, a freight forwarding company based in the United Kingdom, and Compudata, a supply chain integration provider in ...
Tags: Descartes, Impatex Freight Software, Compudata, acquisition
XPO Logistics Inc. said it has closed its purchase of NLM, a Web-based freight auction site, from truckload carrier Landstar System Inc. XPO paid $87 million for the business, which it will rebrand as XPO NLM, it said in a Dec. 30 ...
Tags: XPO Logistics, NLM, Landstar System, close purchase
US for-hire truck tonnage jumped 2.7% in November, achieving a new record high. The American Trucking Associations’ for-hire truck tonnage index was up 8.1% year-over-year in November. Year-to-date, tonnage is up 5.8%, the ATA ...
Tags: truck tonnage, record, transportation
Due to high levels of domestic heavy soda ash price, part of glass manufacturers, in order to save costs, resort to low-priced trona imports from the United States. Chen Qiusha, analyst with Chem99, noted that domestic heavy soda ash ...
Tags: glass, decoration
Kriska Holdings (Kriska) and International Telematics (ITC) announced a service agreement to equip Kriska's entire fleet of refrigerated trailers with the ibright refrigerated telematics system. Reefer Sales & Service is the largest ...
As the cold of winter settles in across the United States, associations that represent the interests of wheat farmers met in many states to review the last year's activities and set plans for the next year. USW officers and staff look ...
Tags: Agriculture, Food
Canadian shippers paid carriers 0.8 percent more for ground transportation in October than they did in September, according to the Canadian General Freight Index (CGFI). "This is the third consecutive month of total cost increases," said ...
Tags: ground transportation, Canadian shippers, freight costs
In order to sustain profits, the Indian steel companies such as JSW Steel, Essar Steel, and Mukand Steel plan to increase price by RS 1,500/ton in January, 2014. It’s learned that the price rise is driven by higher costs of iron ore ...
Tags: steel, metallurgy
It’s time for Canada to develop a new approach to financing, building and repairing the nation’s aging infrastructure, according to a white paper recently published by the Van Horne Institute. The Van Horne Institute, a leader ...
Tags: aging infrastructure
Shanghai has gained initial recognition from industry players across the world, reports Wei Tian In many areas, the steps taken in carrying out reforms remain cautious and foreign investors are still waiting for detailed policies, but the ...
With another year coming to a close, we look back with some relief that freight demand showed steady growth despite endless obstacles coming from Washington, D.C. As we detail throughout this issue, most economic indicators remained ...
Tags: freight demand, transportation