Rail freight transport

U.S. Bank Freight Payment Index: Truck freight spending, volume drop for fifth consecutive quarter

Retrieved on: 
Wednesday, November 1, 2023
Other Transport, Trucking, Finance, Other Retail, Transport, Banking, Professional Services, Retail, Supply Chain Management, American Trucking Associations, Environment, Rail freight transport, U.S. Bancorp

During the third quarter, the amount spent to ship goods via truck freight was down 12.5% compared to a year prior while the volume of shipments was off 9.7%, according to the U.S. Bank Freight Payment Index .

Key Points: 
  • During the third quarter, the amount spent to ship goods via truck freight was down 12.5% compared to a year prior while the volume of shipments was off 9.7%, according to the U.S. Bank Freight Payment Index .
  • Spending fell 4.2% and shipments declined 3.4% from the second quarter to the third quarter of 2023.
  • This marks the fifth consecutive quarter that both truck freight spending and volume have declined.
  • “Across the board our data is showing a continued decline of the truck freight market, especially compared to last year’s strong performance,” said Bobby Holland, director of freight business analytics, U.S. Bank.

Corporate Training Market size to grow by USD 56.92 billion from 2022 to 2027 |Market is fragmented due to the presence of prominent companies like Adobe Inc., Articulate Inc. and Blanchard Training and Development Inc., many more

Retrieved on: 
Thursday, November 2, 2023
NIIT, Korn Ferry, Adobe Inc., International Relief and Development Inc., Microsoft, Corporation, Adobe, Geography, City, Cisco, Growth, BTS Group, DEMOS, USD, Adobe Experience Cloud, IBM, Analysis, Music, Semiconductor, Rail freight transport, Management

The corporate training market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The corporate training market is fragmented owing to the presence of many global and regional companies.
  • Download Free Sample before buying
    Corporate Training Market 2023 – 2027: Company Offering:
    Adobe Inc: The company offers corporate training courses such as Adobe Analytics, adobe advertising cloud, Adobe Audience Manager, and adobe commerce.
  • Corporate Compliance Training Market : The corporate compliance training market size is estimated to grow at a CAGR of 9.52% between 2022 and 2027.
  • Corporate Leadership Training Market : The corporate leadership training market size is estimated to grow at a CAGR of 10.08% between 2022 and 2027.

Grand Wagoneer Wins Best Full-Size SUV as Part of the 2023 Newsweek Autos Awards

Retrieved on: 
Wednesday, November 1, 2023
STLA, CarPlay, McIntosh, Best, NYSE, SUV, Tropical cyclone, Amazon Fire, Jeep Grand Wagoneer, Android Auto, Amazon Fire TV, Rail freight transport, Rail transport, Jeep, Jeep Wagoneer, Newsweek, Stellantis

Wagoneer by Jeep also received top honors for Best Family-Friendly Technology and Best Passenger Ecosystem.

Key Points: 
  • Wagoneer by Jeep also received top honors for Best Family-Friendly Technology and Best Passenger Ecosystem.
  • New for 2023, the Grand Wagoneer lineup expanded to include the L long wheelbase model that is 12 inches longer overall, with a 7-inch longer wheelbase.
  • Delivering even more space and functionality, Wagoneer L and Grand Wagoneer L are 12 inches longer overall (226.7 inches) than the standard-wheelbase models.
  • Combining these attributes with strong SUV credentials, the Wagoneer and Grand Wagoneer build on the original premium SUV by defining the next generation of an American icon.

GLS US Introduces Digital Freight Experience for Streamlined Freight Shipping

Retrieved on: 
Tuesday, October 31, 2023
Support, Transport, Multimedia, GLS, Paramount, Cargo, Rail freight transport, Online shopping, Air cargo

SANTA FE SPRINGS, Calif., Oct. 31, 2023 /PRNewswire/ -- GLS US, a leading provider of parcel and freight transportation, is excited to announce the launch of its innovative Digital Freight Experience, designed to simplify the shipping process and empower customers with a user-friendly self-service portal.

Key Points: 
  • SANTA FE SPRINGS, Calif., Oct. 31, 2023 /PRNewswire/ -- GLS US, a leading provider of parcel and freight transportation, is excited to announce the launch of its innovative Digital Freight Experience, designed to simplify the shipping process and empower customers with a user-friendly self-service portal.
  • The Digital Freight Experience is a significant leap forward in streamlining the freight shipping process, making it easier and more accessible than ever before.
  • Key features of the GLS US Digital Freight Experience include:
    Easy Account Setup: Setting up an account with GLS is a breeze.
  • We understand the importance of simplifying the shipping process for our customers, and our Digital Freight Experience is a testament to that commitment," said Jameson Goforth, VP of Revenue at GLS.

SP Plus Corporation to Release Third Quarter 2023 Results on November 1, 2023

Retrieved on: 
Thursday, October 26, 2023
SP Plus Corporation, SP, Acquisition, Rare-earth element, Rail freight transport

CHICAGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release third quarter 2023 earnings on Wednesday, November 1, 2023, after the close of market.

Key Points: 
  • CHICAGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release third quarter 2023 earnings on Wednesday, November 1, 2023, after the close of market.
  • On October 5, 2023, SP announced the acquisition of SP Plus Corporation for $1.5 billion by Metropolis Technologies, Inc.
  • In light of the pending acquisition, SP Plus will not be hosting an earnings conference call.

CrimsonLogic Announces New North American Regulatory Filing and Logistics Solutions

Retrieved on: 
Thursday, October 26, 2023
PSA International, Assistant, Emblem of the Association of Southeast Asian Nations, Regulation, Partnership, Logistics, Online shopping, Rail freight transport, ASEAN

SINGAPORE, Oct. 26, 2023 /PRNewswire/ -- Singapore-based global technology company CrimsonLogic, a leader in digital trade facilitation and e-government solutions, announced today the launch of two new solutions in North America. The Regulatory Filing solution will allow users to automate, manage and clear import and export customs declarations globally, especially in Asia where CrimsonLogic is the sole solutions provider facilitating trade across five major ASEAN (Association of Southeast Asian Nations) countries, namely Indonesia, Malaysia, Singapore, Thailand and Vietnam. The Logistics solution fosters seamless integration between shippers, ocean carriers, NVOCCs and other logistics service providers to catalyze digital transformation.

Key Points: 
  • The Regulatory Filing Solution Streamlines Global Customs Declarations, leveraging CrimsonLogic's competitive edge in ASEAN, while the Logistics Solution Enables Effortless Booking of Ocean Carrier Services
    SINGAPORE, Oct. 26, 2023 /PRNewswire/ -- Singapore-based global technology company CrimsonLogic , a leader in digital trade facilitation and e-government solutions, announced today the launch of two new solutions in North America.
  • The Logistics solution fosters seamless integration between shippers, ocean carriers, NVOCCs and other logistics service providers to catalyze digital transformation.
  • CrimsonLogic's Regulatory Filing solution seamlessly integrates into its broader end-to-end Total Trade solutions, simplifying cross-border trade compliance and expediting customs clearances for customers.
  • North American enterprises keen on trading with ASEAN will now be able to leverage CrimsonLogic's strong presence in ASEAN and enjoy single-step customs clearances.

SEACOR HOLDINGS ANNOUNCES SALE OF U.S. INLAND RIVER TRANSPORTATION AND LOGISTICS PLATFORM TO INGRAM

Retrieved on: 
Tuesday, October 24, 2023
Milbank, RBC Capital Markets, Bass, Mississippi River, Transport, Steel, SCF, Rail freight transport

FORT LAUDERDALE, Fla., Oct. 24, 2023 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (“SEACOR”) announced today it has signed a definitive agreement to sell Inland River Transport Holdings LLC (“SCF”) to Ingram Barge Company LLC (“Ingram”), a division of Nashville-based Ingram Marine Group.

Key Points: 
  • FORT LAUDERDALE, Fla., Oct. 24, 2023 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (“SEACOR”) announced today it has signed a definitive agreement to sell Inland River Transport Holdings LLC (“SCF”) to Ingram Barge Company LLC (“Ingram”), a division of Nashville-based Ingram Marine Group.
  • “I am extremely pleased to enter this transaction with Ingram, one of the most respected river transportation providers,” said Eric Fabrikant, Chief Executive Officer of SEACOR.
  • The U.S. inland river system covers 12,000 miles of commercially navigable waterway channels and provides a low cost, sustainable mode of domestic freight transportation relative to over-the-road or rail.
  • Bass, Berry & Sims PLC served as legal advisor to Ingram.

ITS Logistics October Port Rail Ramp Index: Market Sees More Trucking Capacity Exiting than Entering

Retrieved on: 
Thursday, October 19, 2023
Insurance, Index, Bureau of Transportation Statistics, Transport, AAA, Statistics, Bureau, Environment, Intermodal transport, Safety, Logistics, Rail freight transport, Pacific Ocean

“I don’t foresee shippers experiencing demurrage or ramp storage issues as there is enough trucking capacity to pull containers effectively.

Key Points: 
  • “I don’t foresee shippers experiencing demurrage or ramp storage issues as there is enough trucking capacity to pull containers effectively.
  • “As fuel, insurance, and liability costs continue to rise in this low-rate environment, trucking capacity will exit at a rate higher than new capacity entering the market.
  • Prior to exiting the market, financially struggling trucking capacity will sacrifice staff, safety, security of freight, and operational excellence.
  • Visit here for a full comprehensive copy of the index with expected forecasts for the US port and rail ramps.

GATX Corporation Reports 2023 Third-Quarter Results

Retrieved on: 
Tuesday, October 24, 2023
Rail, Air, Transport, Other Transport, NYSE, LPI, Portfolio management, ACP Rail International, Maintenance, Tax Adjustment Act of 1966, GATX, Environment, GRE, Video game, Security (finance), Lease, Rail transport, Airline, Rail freight transport

GATX Corporation (NYSE: GATX) today reported 2023 third-quarter net income of $52.5 million, or $1.44 per diluted share, compared to net income of $29.1 million, or $0.81 per diluted share, in the third quarter of 2022.

Key Points: 
  • GATX Corporation (NYSE: GATX) today reported 2023 third-quarter net income of $52.5 million, or $1.44 per diluted share, compared to net income of $29.1 million, or $0.81 per diluted share, in the third quarter of 2022.
  • The 2023 year-to-date results include a net negative impact of $1.1 million, or $0.03 per diluted share, from Tax Adjustments and Other Items.
  • At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward.
  • GATX Corporation will host a teleconference to discuss 2023 third-quarter results.

Montway Auto Transport Celebrates One Million Customer Deliveries

Retrieved on: 
Wednesday, October 25, 2023
Toyota, Dumb and Dumber, Transport, Land, Private, Environment, Growth, Dumb, Batmobile, Rail freight transport, Online shopping, Management

CHICAGO, Oct. 25, 2023 /PRNewswire/ -- Montway Auto Transport, one of the nation's leading third-party logistics brokerages and a pioneer in the auto transport industry, announced today that it has completed one million customer deliveries. Since its inception, Montway has been at the forefront of innovative automotive transportation solutions that revolutionize and humanize the car shipping experience for its customers. This milestone reflects Montway's evolution over the past 16 years and its position as a trailblazer in automotive logistics.

Key Points: 
  • CHICAGO, Oct. 25, 2023 /PRNewswire/ -- Montway Auto Transport , one of the nation's leading third-party logistics brokerages and a pioneer in the auto transport industry, announced today that it has completed one million customer deliveries.
  • Its growth accelerated as businesses noted the efficiency and cost savings Montway brought to auto transportation.
  • "This achievement motivates us to continue striving for excellence and keep pushing the boundaries in the auto transport industry.
  • To learn more about Montway Auto Transport, please visit www.montway.com .