Intermodal transport

ITS Logistics May Port Rail Ramp Index: Potential Canadian Rail Strike Causes Increased Stress at US West Coast

Retrieved on: 
Giovedì, Maggio 16, 2024
Transport, Index, Intermodal transport, CIRB, IPI, Safety, Health, Strike, ITS, Logistics, National Railway, Canadian National Railway, Canada Industrial Relations Board, Congestion, Midwestern United States, CPKC, Rail freight transport

In addition, due to the potential Canadian rail strike, more stress will hit the US West Coast as shippers divert containers to the US to avoid potential operational issues.

Key Points: 
  • In addition, due to the potential Canadian rail strike, more stress will hit the US West Coast as shippers divert containers to the US to avoid potential operational issues.
  • The ITS Logistics US Port/Rail Ramp Freight Index forecasts port container and dray operations for the Pacific, Atlantic, and Gulf regions.
  • Ocean and domestic container rail ramp operations are also highlighted in the index for both the West Inland and East Inland regions.
  • Visit here for a full comprehensive copy of the index with expected forecasts for the US port and rail ramps.

Schneider drives environmental and social responsibility results forward in 2023

Retrieved on: 
Mercoledì, Maggio 22, 2024
Retail, Fleet Management, EV, Electric Vehicles, Automotive, Consulting, Trucking, Professional Services, Environmental, Social and Governance (ESG), Transport, Environment, Delivery Services, DEI (Diversity, Equity and Inclusion), Sustainability, Logistics, Supply Chain Management, GHG, Work, Schneider National, BEV, Intermodal transport, Workforce, PepsiCo, Corporation, Corporate social responsibility, Freightliner, Culture, CO2, CRR, Renewable energy

Today, the company released a comprehensive Corporate Responsibility Report (CRR), which highlights how Schneider is furthering its efforts to minimize its environmental footprint, support customers and empower associates.

Key Points: 
  • Today, the company released a comprehensive Corporate Responsibility Report (CRR), which highlights how Schneider is furthering its efforts to minimize its environmental footprint, support customers and empower associates.
  • “We continue to demonstrate what it means to be a leader in corporate responsibility – advancing not just our own priorities but also helping customers meet their sustainability goals,” said Schneider President and CEO Mark Rourke.
  • Notable progress across Schneider throughout 2023 included:
    Schneider achieved a 7% reduction of emissions per mile, meaning it has already accomplished 90% of its 2025 goal.
  • Empowering associates and amplifying a diverse workforce:
    To learn more about Schneider’s progress and next steps, visit: Schneider 2023 Corporate Responsibility Report.

Unifor members ratify collective agreement with CNTL

Retrieved on: 
Martedì, Maggio 14, 2024
Transport, Private sector, Intermodal transport, Social justice, Canadian National Railway, Collective bargaining

TORONTO, May 14, 2024 /CNW/ - Unifor members working for CN Transportation Ltd. (CNTL) have ratified a new four-year agreement.

Key Points: 
  • TORONTO, May 14, 2024 /CNW/ - Unifor members working for CN Transportation Ltd. (CNTL) have ratified a new four-year agreement.
  • "This is a significant victory for CNTL workers, ensuring improved working conditions and substantial increases in compensation."
  • "The agreement is a testament to the power of collective bargaining and underscores the importance of collaboration and support for the bargaining committee."
  • The owner-operators are members of Unifor Council 4000 and its five Regional Local Unions across the country – Locals 4001, 4002, 4003, 4004 and 4005.

Lactalis Canada Releases 2023 ESG Report

Retrieved on: 
Mercoledì, Maggio 8, 2024
Diamond, Cheese, Social, Intermodal transport, Safety, Policy, Lactalis, Animal welfare, Growth, Employment, Mental health, Astro, ESG, GHG, Caesars Entertainment, Cracker Barrel, Government, Community, Balderson, Organization, Blue cow, Climate

TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- Lactalis Canada –the Canadian dairy leader behind iconic brands like Cracker Barrel, Black Diamond, Balderson, Astro and Lactantia and a subsidiary of France-based Lactalis Group – today released Lactalis Canada’s 2023 Environmental, Social and Governance (ESG) Report which highlights the company’s commitment to being a sustainable and responsible dairy processor for its key stakeholders across its supply chain including its people, consumers, customers, suppliers, dairy farmers, government, industry and community partners.

Key Points: 
  • TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- Lactalis Canada –the Canadian dairy leader behind iconic brands like Cracker Barrel, Black Diamond, Balderson, Astro and Lactantia and a subsidiary of France-based Lactalis Group – today released Lactalis Canada’s 2023 Environmental, Social and Governance (ESG) Report which highlights the company’s commitment to being a sustainable and responsible dairy processor for its key stakeholders across its supply chain including its people, consumers, customers, suppliers, dairy farmers, government, industry and community partners.
  • “Our 2023 report highlights the tangible gains we have made in improving our performance towards our ESG goals,” said Mark Taylor, President & CEO, Lactalis Canada.
  • We know that by working more closely together, we can make faster and more meaningful progress.”
    This report details the company’s ESG achievements and advancements, as well as its future goals.
  • “We will maintain our high standards of profitable and responsible growth as we progress on our ESG journey, delivering value for all Lactalis Canada stakeholders.”

MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

Retrieved on: 
Martedì, Maggio 7, 2024
Intermodal transport, Environment, Food, Marten, Drink, Holding company

MONDOVI, Wis., May 07, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock.

Key Points: 
  • MONDOVI, Wis., May 07, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock.
  • This is Marten’s 56th consecutive quarterly cash dividend.
  • With the payment of this dividend, Marten will have paid a total of $241.9 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010.
  • CONTACTS: Tim Kohl, Chief Executive Officer, Doug Petit, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.

CSX and STG Logistics Extend Strategic Partnership to Drive Intermodal Solutions, Enhance Drayage Service

Retrieved on: 
Martedì, Maggio 7, 2024
Transport, STG, Organization, Senior, Intermodal transport, Partnership, Carbon, CSX, Intermodal freight transport

CHICAGO, May 7, 2024 /PRNewswire/ -- STG Logistics, Inc., a leading provider of transportation and logistics solutions, is pleased to announce a strengthened partnership with CSX railroad , including an expanded relationship to facilitate drayage services to support their door-to-door CSX RailPlus product.

Key Points: 
  • CHICAGO, May 7, 2024 /PRNewswire/ -- STG Logistics, Inc., a leading provider of transportation and logistics solutions, is pleased to announce a strengthened partnership with CSX railroad , including an expanded relationship to facilitate drayage services to support their door-to-door CSX RailPlus product.
  • "Over the last 30 years CSX's rail network has given us the ability to scale our intermodal business while providing reliable service to our east coast client base," says Tyler Holtgreven, STG's Senior Vice President of Intermodal.
  • "We are incredibly excited about the opportunities ahead, for both of our organizations and our customers."
  • CSX serves major markets in the eastern United States with access to over 70 intermodal terminals.

Schneider National, Inc. Announces First Quarter 2024 Results

Retrieved on: 
Giovedì, Maggio 2, 2024
Other Transport, Trucking, Rail, Supply Chain Management, Logistics, Transport, Retail, Delivery Services, Public expenditure, Sale, Intermodal transport, Video game

Adjusted EBITDA was $130.7 million in the first quarter of 2024 compared to $223.4 million in the first quarter of 2023.

Key Points: 
  • Adjusted EBITDA was $130.7 million in the first quarter of 2024 compared to $223.4 million in the first quarter of 2023.
  • Truckload operating ratio was 97.2% in the first quarter of 2024 compared to 88.3% in the first quarter of 2023.
  • Intermodal operating ratio was 97.2% in the first quarter of 2024, compared to 88.7% in the first quarter of 2023.
  • Logistics operating ratio was 98.3% in the first quarter of 2024, compared to 95.2% in the first quarter of 2023.

ITS Logistics April Port Rail Ramp Index: Collapse of Baltimore Key Bridge Results in Severe Rating for Atlantic Ocean Region Due to Lack of Freight Visibility

Retrieved on: 
Mercoledì, Aprile 10, 2024
ITS, Atlantic Ocean, Transport, Intermodal transport, Port, Logistics, Index, Rail freight transport

RENO, Nev., April 10, 2024 (GLOBE NEWSWIRE) -- ITS Logistics today released the April forecast for the ITS Logistics US Port/Rail Ramp Freight Index .

Key Points: 
  • RENO, Nev., April 10, 2024 (GLOBE NEWSWIRE) -- ITS Logistics today released the April forecast for the ITS Logistics US Port/Rail Ramp Freight Index .
  • The ITS Logistics US Port/Rail Ramp Freight Index forecasts port container and dray operations for the Pacific, Atlantic, and Gulf regions.
  • Ocean and domestic container rail ramp operations are also highlighted in the index for both the West Inland and East Inland regions.
  • Visit here for a full comprehensive copy of the index with expected forecasts for the US port and rail ramps.

Knight-Swift Transportation Announces Updated First and Second Quarter Earnings Guidance

Retrieved on: 
Mercoledì, Aprile 17, 2024
Transport, Trucking, LTL, Weather, Annual report, Security (finance), Insurance, Intermodal transport, Risk, Pressure, Acquisition, KNX, EPS, Knight-Swift, Bank statement, Adjustment

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift", the "Company", or "we") today announced an update to its earnings guidance for the first and second quarters of 2024.

Key Points: 
  • Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift", the "Company", or "we") today announced an update to its earnings guidance for the first and second quarters of 2024.
  • The weather disruption in January had a greater impact than initially estimated, as the subsequent recovery was not sufficient to offset the negative impact to volumes and operating costs for the quarter.
  • We plan to provide third quarter 2024 guidance in conjunction with the first quarter 2024 earnings release on April 24, 2024.
  • We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the First Quarter 2024

Retrieved on: 
Martedì, Aprile 16, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Internet, ICS, Phase 10, J. B. Hunt, JBI, Insurance, Intermodal transport, JBHT, FMS, Dray, Operating cost, DCS, CDT, Share repurchase, JBT, Transcontinental, Overalls, Music

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2024 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $127.5 million, or diluted earnings per share of $1.22 versus first quarter 2023 net earnings of $197.8 million, or $1.89 per diluted share.

Key Points: 
  • J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2024 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $127.5 million, or diluted earnings per share of $1.22 versus first quarter 2023 net earnings of $197.8 million, or $1.89 per diluted share.
  • Operating income for the current quarter decreased 30% to $194.4 million versus $277.5 million for the first quarter 2023.
  • First Quarter 2024 Segment Revenue: $1.40 billion; down 9%
    First Quarter 2024 Operating Income: $101.9 million; down 40%
    Intermodal volume was flat versus the same period in 2023.
  • Our net capital expenditures for the first quarter 2024 approximated $166 million compared to $380 million for the first quarter 2023.