Transport Capital Partners’ (TCP) 1st Quarter Business Expectations Survey has determined that “while carriers still seem hesitant to add capacity, they are less hesitant than they were during the last quarter.” In November of 2011, 73% of carriers indicated they were planning on adding little to no capacity. This quarter, though, that number has dropped…Details
The risk of cargo theft in the U.S. may be a lot higher than previously thought, according to recent analysis by Cargonet, a two-year old joint venture between Verisk Analytics and the National Insurance Crime Bureau. CargoNet, which manages a national cargo theft database and secure information sharing system for carriers, shippers, and insurers, reported 1,215 cargo theft…Details
The March 2012 podcast of The American Private Investigator with your host, Paul Jaeb of Heartland Investigative Group, features Mike McIntee and Paul Jaeb with the API news segment. Hear why the NCAA might hire private investigators for future investigations, get the latest on the Glenn Mulcaire tabloid phone hacking case, why air conditioner thefts…Details
NEW YORK. Trucking and the companies that supply its tractors and trailer are “on the happy side of the cycle,” according to Kenny Veith, president of ACT Research. “Trucker are making money and have freight to haul” and North America manufacturers will produce 300,000 Class 8 trucks this year, he said at the 2012 Truck…Details
Record holiday shipping strengthens fiscal third quarter results
FedEx Corp.’s profit more than doubled during its fiscal third quarter, fueled by record holiday package shipping, higher profit for the company’s ground shipping unit and reduced losses at FedEx Freight.
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