Transportation, logistics firms shift M&A focus to infrastructure, consolidation
Buoyed by strengthening capital markets, growing interest from financial investors, and stronger corporate balance sheets, the transportation and logistics industry is poised to reach robust levels of deal flow by number of deals over the course of 2011, according to Intersections, a quarterly analysis of global merger and acquisition (M&A) activity in the transportation and logistics industry by PwC US.... FTR Shippers Condition Index sinks in May
FTR Associates’ Shippers Condition Index (SCI) as reported in the firm’s May Shippers Update fell to a reading of –11.4, reflecting tightening capacity and accelerating transport costs. The SCI sums up all market influences that affect shippers; a reading above zero suggests a favorable shipping environment, while a reading below zero is unfavorable.... Chemistry council honors Westway unit
Westway Group Inc announced that Westway Terminals LLC, a wholly owned subsidiary of the company, received the Responsible Care Partner of the Year Award. ... TransCore Freight Index decreases in April
TransCore’s North American Freight Index showed a 14% decline in spot market truckload freight volume for April 2011 compared with March, but a 12% increase versus April 2010. ... CEMEX USA receives fleet safety award
CEMEX USA announced that its California-based truck fleet was recently awarded the 2011 Fleet Safety Award from the California Trucking Association (CTA). ... Westway protects facilities against floods
Westway Group Inc announced that it has several facilities serving both its liquid feed supplements and bulk liquid storage businesses that have been minimally affected by the recent flooding along the Mississippi and Ohio rivers... Intermodal volume climbs in Q1 2011
Intermodal volume increased 9% year-over-year in Q1 2011 as international volume grew for the fifth straight quarter, posting a solid 9.6% uptick, according to a report released May 12 by the Intermodal Association of North America (IANA). IANA’s Intermodal Market Trends & Statistics report also notes that overall domestic intermodal volume also increased during the quarter by 8.4%... National NGV Fleet Forum is established
Leading national fleet operators announced the formation of the Natural Gas Vehicle (NGV) Fleet Forum, a new membership organization dedicated to advancing the use of natural gas in the US transportation sector. The effort was announced at the 2011 Alternative Clean Transportation (ACT) Expo, a showcase of clean, alternative fuel vehicles... Impact of driver shortage on fleet capacity is widespread, survey says
More than seven in 10 fleets surveyed for the Q2 2011 Fleet Sentiment Report indicate the shortage of drivers is either impacting their fleet now or may in the future... Vigillo provides PSP Converter application
Vigillo LLC announced the availability of its Vigillo PSP Converter. The downloadable application enables motor carriers to convert Federal Motor Carrier Safety Administration (FMCSA) Pre-Employment Screening Program (PSP) ...
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