Freight market conditions for February showed a bit of an upswing in the most recent edition of the Cass Freight Index Report from Cass Information Systems Inc.
Continuing its focus on sustainability and fuel efficiency, UPS announced this week that it intends to make a $70 million investment to purchase 1,000 propane package delivery trucks, as well as install fueling stations at 50 of its locations.
Carloads—at 1,100,858—were down 1.1 percent annually. Intermodal—at 993,807 trailers and containers—was up 1.1 percent compared to February 2013 and marks the 51st consecutive annual monthly increase for intermodal volume, according to the AAR.
Following the lead of FedEx Freight, who announced a general rate increase (GRI) earlier this week, ABF Freight System, the nation's sixth-largest LTL carrier, rolled out its own GRI this week, too.
Minimal to modest growth could serve as the theme of the most recent edition of the North Europe Global Port Tracker report produced by maritime consultancy Hackett Associates and the Institute of Shipping Economics and Logistics.