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It's never too early to secure your registration for the 61st Annual Food Shippers of America Conference, scheduled February 28-March 1, 2016, at the JW Marriott Desert Springs Resort in Palm Desert, California! Attendance will be limited to the first 900 registrants. TENNIS IS RETURNING IN 2016.
Learn More... 2016 Scholarship Awards Increase:
$7,500 John J. Murphy Award, followed by individual awards of $5,000, $4,000, $3,000, $3,000, and $1,000.
A total of $22,500 will be distributed in 2016!
Link to access John J. Murphy Scholarship Application: www.foodshippersofamerica.org/scholarship.html
We are pleased to offer the following sponsorship opportunities for the 61st Annual Food Shippers of America Conference Feb. 28-March 2, at the JW Marriott Desert Springs Resort in Palm Desert, California.
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United Parcel Service Inc. said it agreed to buy shipping-services provider Coyote Logistics LLC for $1.8 billion, which would expand its presence in the burgeoning freight brokerage business and help it handle the volatility of its peak holiday season. UPS, which is acquiring Coyote from private equity form Warburg Pincus LLC, said it expects the addition to boost profits by $100-$150 million and start adding to earnings in 2016.
Learn More... Rail intermodal traffic increased in the second quarter by 4.5 percent over the 2014 period, paced by an outsized gain in international volumes as business snapped back once the disruptive 11-month labor fight at 29 West Coast ports ended in February, the Intermodal Association of North America (IANA) said today.
In releasing its quarterly report on the state of the industry, the intermodal trade group said international shipments rose 6.8 percent in the first full quarter of normal activity since the port dispute was settled. Those gains were partially offset by weaker than expected domestic trailer and container volumes, IANA said. Domestic container volumes rose 3.5 percent, its second smallest gain since late 2009. Only the first quarter of 2014, plagued by bad weather that paralyzed portions of the national rail system, has turned in a weaker performance over that multi-year period, IANA said. Learn More... The logistics and trucking sectors should see the recent wave of deal-making continue, as an improving U.S. economy and low fuel prices make companies that move goods more attractive, according to analysts at PricewaterhouseCoopers LLP.
Mergers and acquisitions among logistics companies have already surpassed last year's total in dollar terms, with deals valued at $14.5 billion in the first half of the year, compared with $12 billion in all of 2014, the firm said. The same was true for trucking, with deals valued at $24.5 billion through June 30, compared with $23.8 billion in 2014. Learn More... 
The Seattle Metro Chamber is wasting no time expressing gratitude to the state Legislature for passing a $16.1 billion transportation package to improve roads and bridges across the state.
The chamber has released a five-minute thank you video featuring business and political leaders from across the state, including Dow Constantine, King County Executive; Steve Mullin, CEO, Washington Roundtable; and Brad Tilden, CEO, Alaska Air Group. Learn More... CHICAGO, IL, Aug 05, 2015 (Marketwired via COMTEX) -- Echo Global Logistics, Inc. ECHO, -19.67% ("Echo" or the "Company"), a leading provider of technology-enabled transportation management services, reported today financial results for the quarter ended June 30, 2015.
"Echo continued to deliver strong results in a quarter where we closed the transformational acquisition of Command Transportation, drove strong organic growth in a softer market, and expanded our net revenue margins while significantly increasing our truckload business," said Doug Waggoner, chairman and chief executive officer of Echo. "Even more powerful is our prospect for future growth, as we have successfully kicked off our integration with Command, which will dramatically improve our truckload brokerage capabilities through a substantial increase in capacity and network density." Learn More... Work kicked off for another big warehouse project in the Interstate 45 corridor south of Dallas. Procter & Gamble's $500 million industrial park started construction on I-45 south of Dallas.
Duke Realty Corp. has begun construction on an almost 600,000 square-foot industrial project for Shippers Warehouse Inc. along I-45 south of Dallas. The building on West Wintergreen Road in Hutchins will be used to consolidate two existing Shippers Warehouse operations. Learn More... 
Ryder System, Inc. R, -0.39%, a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it has been named one of 2015's "Top Green Providers" by Food Logistics. The "Top Green Providers" list focuses on sustainability in the global food supply chain with profiles of companies that are exceeding industry standards in their sector.
Learn More... An earnings surprise is the calculated difference between a firm's expected earnings numbers provided by Wall Street analysts and the actual reported numbers. A significant surprise factor often triggers sharp movements in the share price following the earnings release. For the most recent quarter, Hub Group, Inc. (NASDAQ:HUBG) reported earnings per share of $0.51 for the fiscal period ending on 2015-06-30, an earnings surprise factor of 18.6%. The actual number was $0.08 away from the brokerage firm consensus estimates. The sales surprise factor in per share dollar terms was $-10.265 for the most recent quarter or -1.128%.
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C H Robinson Worldwide Inc (CHRW): Angela K. Freeman, VP, human resources of C H Robinson Worldwide Inc., sold 1,062 shares on Aug 4, 2015. The Insider selling transaction was disclosed on Aug 4, 2015, to the Securities and Exchange Commission. The shares were sold at $71.04 per share for a total value of $75,440.45.
Learn More... Rassini, a Mexican industrial company engaged in the design and manufacturing of suspension and brake components, has been recognized by Daimler Trucks North America (DTNA), for quality, delivery, technology and cost performance of its products.
Daimler presented Rassini with its 2014 Masters of Quality Award — the highest award given to its suppliers. Rassini provides front taper leaf springs and rear suspension airlink "Hockey Stick" components used on Freightliner Cascadia vehicles. Rassini's outstanding performance record enabled the company to achieve the award in its first year supplying the truck maker, a rare feat due to DTNA's stringent quality standards. Learn More... Echo Global Logistics' profits took a tumble in the second quarter after the recent acquisition of Command Transportation in April. Revenues and volumes, however, were significantly higher and look to buoy future loss — a testament to the success a third-party logistics provider can find in consolidation.
"It's been a historic quarter for Echo Global Logistics," CEO Doug Waggoner said on a second-quarter earnings call Wednesday. According to Waggoner, the second quarter of 2015 marked the 23rd consecutive quarter of year-over-year total revenue growth. The Chicago-based 3PL posted a 116 percent net loss, losing roughly $700,000, in the second quarter, a product of the company's recent Command acquisition earlier in the year. Learn More... 
Matson (NASDAQ:MATX) was downgraded by Zacks from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday.
Learn More... Hedge fund billionaire Bill Ackman of Pershing Square is adding Oreos, chewing gum, Cadbury chocolates, Halls cough drops, Triscuits and Ritz crackers to his over $20 billion investment portfolio after disclosing a $5.5 billion stake in foods giant Mondelez on Wednesday evening. For Ackman, the stake amounts to a second investment after taking a large position in the company's former parent Kraft Foods in 2010, and it adds to Pershing's investments in the foods sector that also include a stake in Restaurant Brands International and Nomad Holdings.
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