• News feed - LTL

    • CN states that its proposal to acquire KCS is “deemed superior” by KCS Board

      With both Class I railroads north of the border—Canadian Pacific CN—throwing their respective hats in the ring, with the objective of acquiring Kansas City Southern (KCS), CN said on Thursday night that after it submitting what it called an enhanced binding superior proposal agreement to the KCS Board of Directors that the KCS board has now determined that CN’s proposal is a “Company Superior Proposal.” jberman@peerlessmedia.com

    • Port of Los Angeles and Port of Long Beach turn in record-breaking April volumes

      POLA reported that total April volume—at 946,966 TEU (Twenty-Foot Equivalent Units)—marked a 37.4% annual increase, for its busiest April in the port’s 114-year history. And POLB reported that April volumes turned in its highest-ever levels for April, in the port’s history, coming in at 746,188 TEU, for a 43.6% annual increase, paced, in large part, by the cargo boom derived from e-commerce activity. jberman@peerlessmedia.com

    • New Prologis report drives home the need for more warehouse space

      The most recent edition of the Industrial Business Indicator (IBI), which was issued by San Francisco-based real estate investment trust company Prologis points to the need for more warehouse, due to various factors, including rising consumer confidence, retailers restocking inventories, and higher sales numbers. The IBI was featured in the firm’s report, entitled “Customer Activity Surges on Strong Retail Sales and Inventory Restocking.” jberman@peerlessmedia.com

    • JLL report highlights a strong Q1 for U.S. industrial real estate market

      In its “Q1 Industrial Outlook,” JLL Director of U.S. Industrial Research Mehtab Randhawa wrote that e-commerce continues to be a trending topic of discussion, with demand from this industry driving the bulk of industrial leasing, with the caveat that leasing volumes are starting to normalize following an anomaly year. jberman@peerlessmedia.com

    • CSX signals intent to acquire Quality Carriers

      CSX said the acquisition of Quality Carriers is aligned with the company’s long-term strategy to accelerate growth by deepening its relationships with its customers and providing them with more comprehensive transportation services throughout their supply chains jberman@peerlessmedia.com

    • April Cass Freight Index Report posts strong gains against mild annual comparisons

      The report’s shipment reading—at 1.178—saw a 27.6% annual gain, which outpaced March’s 10% annual increase, and was down 3.1% compared to March on a seasonally-adjusted (SA) basis. On the spend side, Cass reported that April expenditures—at 3.452—headed up 45.1% annually, setting a new record and topping March’s 27.5% annual increase, and saw a 1.1% SA gain compared to March. jberman@peerlessmedia.com

    • Forward Air rolls out LTL and pickup and delivery service in Wichita, Kansas

      The company said that the Forward LTL facility is its first Kansas-based LTL terminal, adding that it will cross-utilize space and resources within its Wichita-based Final Mile operation, with a focus on bringing a larger service offering to the Wichita area. And it also noted that the cohabitation of Final Mile and LTL operations allows Forward to grow organically, with less investment than a traditional new market expansion. jberman@peerlessmedia.com

    • Passage of infrastructure plan is needed to upgrade pipeline security, says DOT Head Buttigieg

      ​The apparent hacking of the nation’s major East Coast oil pipeline by the Russia-backed DarkSide cyberattack group is giving the Biden administration more ammunition to pass its $2.25 trillion American Jobs Plan (AJP). jberman@peerlessmedia.com