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A coalition of industry and public interest groups and transportation officials this week issued a set of principles for how the incoming administration and Congress should invest hundreds of billions of dollars in infrastructure projects as part of an economic stimulus package. President-elect Obama and Congress are considering spending betw...
The rush by governments around the world to create jobs and rescue their economies through concentrated spending on infrastructure projects may be tempered by a shortage of qualified workers for so many simultaneous construction projects, several business leaders said last week. On Monday, U.S. House Speaker Nancy Pelosi said Democrats are pr...
Lufthansa Cargo said Wednesday it is launching a multimodal airShip service from Europe to a number of destinations in Australia on Jan. 1. Shipments flown daily from Europe to Shenzhen and Hong Kong can be shipped on from there by sea to the Australian cities of Melbourne, Brisbane and Sydney. Lufthansa will use so-called airShipCenters?in S...
FedEx Corp. on Thursday reported flat revenue and earnings results for its second quarter compared with a year ago. By FedEx's high growth standards the numbers are not good, but relative to other companies that are experiencing significant profit declines or losing money, the express delivery and logistics company is weathering the recess...
Hub Group Inc. said it was lowering its earnings guidance for the year because of a decline in intermodal and truck brokerage volume. The Downers Grove, Ill.-based company said it expects full year 2008 earnings to be in the range of $1.56 to $1.61 per diluted share. Previous earnings guidance for the year had been $1.65 to $1.70 per diluted ...
The Federal Motor Carrier Safety Administration Wednesday released final regulations for the Requirements for Intermodal Equipment Providers and Motor Carriers and Drivers Operating Intermodal Equipment. The American Trucking Associations said enactment of the chassis roadability mandates has been the top priority for ATA's Intermodal Motor Carrie...
President-elect Barack Obama has selected Republican Rep. Ray LaHood of Illinois as his nominee to be secretary of transportation, according to multiple media accounts citing Democratic Party and Obama transition sources. LaHood, 63, is retiring from the House of Representatives after 14 years in office. He is well respected by Democrats and ...
DB Schenker has completed the acquisition of Romania's largest freight forwarding company, S.C. Romtrans S.A. Over the past few weeks, DB Schenker had acquired more than 99 percent of Romtrans shares based on a takeover bid submitted to Romtrans shareholders through Schenker & Co. AG. This week, the takeover received approval from the Romania...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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