Transport company McAleese has announced the purchase of Forrestfield logistics company, WA Freight Group, in a share sale and purchase agreement worth AUS$15.4 million.
OTD Concerns Due to Surge of Oil Shipped by Rail
The railroad industry is the primary long-distance shipper of automobiles from assembly plants to dealers, which represents almost 9 percent of total rail freight. However, the auto industry is not the only railroad customer, and it competes with other shippers for scarce rail resources. Such is the case with petroleum companies shipping crude oil by rail, which is putting heavy demand on finite rail resources. What impact will this have on fleet OTD?