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Old Dominion Freight Line (ODFL) Stock Rating Upgraded by Zacks Investment Research

2016-01-17 11:30:13| Trucking - Topix.net

According to Zacks, "Old Dominion Freight Line, Inc. is an inter-regional and multi-regional motor carrier transporting primarily less-than-truckload shipments of general commodities, including consumer goods, textiles and capital goods to a diversified customer base. " Old Dominion Freight Line opened at 52.00 on Friday.

Tags: line research rating stock

 

Amazon's Chinese unit gets license to provide ocean freight services

2016-01-15 07:35:01| IT Services - Topix.net

Logistics services firm Flexport observes Amazon China has been authorized by the U.S. Federal Maritime Commission to provide ocean freight services to the U.S. Flexport: "Amazon China now has the appropriate paperwork to provide ocean freight services for other companies. This is Amazon's first step toward entering the $350 billion ocean freight market ... Why does becoming an ocean freight forwarder make sense for Amazon China but not for Amazon itself? Because Amazon's ocean freight services will be far more attractive to Chinese sellers than to American buyers.

Tags: services provide license unit

 
 

Swarthmore Group Invests $17,090,000 in Old Dominion Freight Line

2016-01-15 05:18:17| Trucking - Topix.net

Swarthmore Group purchased a new stake in Old Dominion Freight Line during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission . The hedge fund purchased 289,325 shares of the company's stock, valued at approximately $17,090,000.

Tags: group line freight dominion

 

New freight service along China-Turkey rail corridor

2016-01-14 19:36:00| Daily apparel & textile news and comment - from just-style.com

A new multimodal freight service has opened on the new Southern rail corridor between China and Turkey, a critical segment of China's 'One Belt, One Road' initiative, with a transit time of just two weeks.

Tags: service rail freight corridor

 

CSX Ceo: We're in a 'freight recession'

2016-01-14 18:13:07| Railroads - Topix.net

NEW YORK - CSX Corp. fell to its lowest price in almost three years as demand for rail cargo is expected to drop this year in what Chief Executive Officer Mike Ward called a 'freight recession.'

Tags: ceo freight recession csx

 

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