Logistics Briefs
David Hannon, Associate Editor -- Purchasing, 9/2/2004 2:00:00 AM
The American Trucking Associations' advanced seasonally adjusted Truck Tonnage Index rose 0.5% in June, following a 1.5% reduction the month before. Compared to June 2003, the unadjusted index rose 11.1%, notching the second largest year-over-year increase in the past 18 months.
Canadian LTL carriers Canadian Freightways and Epic Express have formed a strategic alliance with U.S. based Averitt Express to streamline the carriers' network in the U.S. by expanding the region serviced by Averitt Express. The partnership leverages each company's regional service to improve cross-border coverage through an expedited team service that links Canada and the U.S.
Rail carrier Union Pacific said it is broadening the restrictions on volumes it currently has in place due to extreme increases in demand for its services. The company will implement an allocation system for certain shipments through key terminals, as well as an overall reduction in train starts that will likely impact each of the company's six commodity groups. UP handled more carloads in the second quarter than in any other quarter in its history and expects the growth to continue through the peak shipping season, which has impacted the service levels UP can offer its shippers.
Castle Harlan, a New York investment firm, completed the purchase of U.S. container shipping company Horizon Lines Holding Corp. in a transaction valued at approximately $650 million in July.
The Global Institute of Logistics, which sets standards for supply chain, distribution and logistics companies across the world, has appointed Kenneth Ackerman as its new chairman. Ackerman is a former president of the Council of Logistics Management and founder of the Warehousing Education and Research Council. He succeeds the late Robert Delaney in this position.
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