• News feed - LTL

    • GlobalTranz makes another acquisition, brings Cerasis into the fold

      Scottsdale, Ariz.-based GlobalTranz, a full-service 3PL focused on freight brokerage and technology, said this week it has acquired Minneapolis-based Cerasis, a provider of third party multimodal and managed transportation services. jberman@peerlessmedia.com

    • ‘Nuclear’ accidents send truck insurance rates soaring and carriers scrambling

      Insurance rates for trucking fleets are soaring, sending trucking executives scrambling for coverage even for some of the safest fleets in the land. The reason, according to top trucking executives and transportation attorneys, is the rise in so-called “nuclear settlements” either awarded by a jury or negotiated by attorneys in a wrongful death lawsuit involving a heavy truck. jberman@peerlessmedia.com

    • AAR reports U.S. carload and intermodal declines for second week of 2020

      Rail carloads—at 239,119—were down 10.1% annually, and intermodal trailers and containers—at 262,505 units—slipped 9.1%. jberman@peerlessmedia.com

    • RoadOne acquires Savannah, Ga.-based Crown Transportation

      In a move geared towards expanding its United States Southeast intermodal drayage logistics operations and overall North American network, Randolph, Mass.-based RoadOne IntermodaLogistics, a provider of intermodal, distribution, and logistics services, said earlier this week it has acquired Savannah, Ga.-based Crown Transportation, a provider of transportation and warehouse services. jberman@peerlessmedia.com

    • Port of Los Angeles outlines ambitious goals for 2020

      When Port of Los Angeles Executive Director Gene Seroka delivered the fifth annual “State of the Port” address this week, he highlighted the port’s recent work, investments and plans for 2020 and the new decade. But he also issued a cautionary note on the impact trade frictions had on container throughput this past year. jberman@peerlessmedia.com

    • USMCA gets Senate approval

      The United States Senate signed off on the United States Mexico Canada Agreement (USMCA) by an 86-10 margin. This followed a House of Representatives vote to approve the deal by a 385-41 margin in December. jberman@peerlessmedia.com

    • Retail sales post December gains to wrap up 2020, according to Commerce and NRF

      Commerce reported that December retail sales, at $529.6 billion, were up 0.3% over November and up 5.8% annually. NRF reported that December retail sales were up 0.5% from November to December on a seasonally adjusted basis and up 2.1% on an unadjusted basis rose 6.7% annually. jberman@peerlessmedia.com

    • U.S.-bound shipments fall again to finish 2019, reports Panjiva

      December shipments—at 969,53—were off 8.5% annually and fell for the fourth consecutive month, and were down more than November’s 4.2% annual decline. For calendar year 2019, total shipments—at 12,243,739—slipped 1.0% compared to 2018, marking its worst annual output going back to 2009. jberman@peerlessmedia.com