intermodal drayage

FreightWaves Classics: Drayage is first-mile logistics (Part 1)

Intermodal containers on railcars after drayage moves. (Photo: Jim Allen/FreightWaves)

While the drayage function has been around for thousands of years, its importance has grown significantly in the past 70 years, following the introduction of the shipping container by Malcom McLean and his Sea-Land Corporation.

Definition

According to Merriam-Webster, the definition of drayage “is the work or cost of hauling by dray.” Also according to Merriam-Webster, the first known use of the term “drayage” occurred in 1791.

Many other sources describe drayage in similar ways. Most agree that...

https://www.freightwaves.com/news/freightwaves-classics-drayage-is-first-mile-logistics-part-1

Forward Air adds West Coast intermodal drayage provider

Maroon tractor pulling a white Edgmon trailer

Forward Air announced Monday the acquisition of intermodal drayage company Edgmon Trucking.

Located in Kent, Washington, Edgmon serves the ports of Seattle and Tacoma, operating a 5-acre facility in Kent and a 2-acre yard in Seattle. The company uses a fleet of roughly 70 trucks, mostly independent contractors, and a staff of 21 to facilitate its operations.

The purchase price of the deal was not disclosed but a press release said the company generates approximately $22 million in revenue each...

https://www.freightwaves.com/news/forward-air-adds-west-coast-intermodal-drayage-provider

FreightWaves Classics: Evans Delivery has grown from its first two trucks

The Evans Network of Companies logo. (Image: Evens Network of Companies)

Overview 

Evans Delivery Co. was founded by Albert L. Evans, Sr. in 1939. His company began with two trucks handling less-than-truckload (LTL) freight in and around Pottsville, Pennsylvania, which is now about two hours northwest of Philadelphia. 

The company continued to grow in the regional LTL market and gradually expanded its operational area throughout Pennsylvania, as well as into New Jersey, New York and Maryland. In 1973, Evans Delivery began intermodal services to serve the steamship...

https://www.freightwaves.com/news/freightwaves-classics-evans-delivery-has-grown-from-its-first-two-trucks

Universal Logistics sees bridge blockade as ‘blip’ to strong 2022

Stock pops 7% on better-than-expected guide

Universal Logistics Holdings “had its share of challenges” during 2021. Port and supply chain congestion and a tough labor market weighed on production at the auto and truck OEMs, the Michigan-based asset-light transportation provider’s primary customer base.

“Yet, despite these challenges, Universal’s business model continued to deliver impressive results,” CEO Tim Phillips stated in a press release. The company reported record full-year revenue in 2021, up 26% year-over-year to $1.75 billion,...

https://www.freightwaves.com/news/universal-logistics-sees-bridge-blockade-as-blip-to-strong-2022

FreightWaves Classics: South Carolina Ports Authority contributes significantly to state economy

Tugs help a ship dock in Charleston's harbor. (Photo: SCPA)

The ports of Georgetown and Charleston are managed by the South Carolina Ports Authority (SCPA). The ports are key to the state’s economy; directly or indirectly the ports generate 10% of all the jobs in South Carolina (over 187,000), and those jobs offer wages that are 32% higher than the state average. The SCPA states that the “ports are the most important strategic asset of the state, driving $63 billion in annual economic impact.”

An average of five vessels sail into the state’s harbors...

https://www.freightwaves.com/news/freightwaves-classics-south-carolina-ports-authority-contributes-significantly-to-state-economy

GSC Logistics adds capacity amid West Coast container surge

Third-party logistics provider GSC Logistics announced Tuesday it would add 100 freight haulers to its network “as global trade booms.”

The Oakland, California-based company said the capacity additions would help expedite diverted cargo from congested ports to its customers in the San Francisco Bay area and the Pacific Northwest. The additions will increase its driver pool by almost 30% at the ports; 250 drivers in Oakland and 100 in Seattle. The new drivers are expected to be on board by summer.

https://www.freightwaves.com/news/gsc-logistics-adds-capacity-amid-west-coast-container-surge

ContainerPort Group adds FSI Inc. to portfolio

FSI to operate as CPG on Jan. 1

Trucking and intermodal drayage company ContainerPort Group announced that end-to-end intermodal provider FSI Inc. and its independent contractors will transition to the CPG brand on Jan. 1.

The acquisition closed in October. Financial terms were not disclosed.

Charlotte, North Carolina-based FSI operates container terminals in the Carolinas, providing cross-docking, warehousing, yard operations, drayage, and maintenance and repair services. The company’s facilities connect to the rail lines of...

https://s29755.pcdn.co/news/containerport-group-adds-fsi-inc-to-portfolio

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