Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.

Pickens points to natural gas as a boost for the trucking industry and to cut down on OPEC imports

Posted 05/18 · 11:18 AM · SCMR Editorial
With gas prices making everyone uncomfortable, again, those same old fears about energy prices are back in the forefront. But it does not have to be these way. In fact, it should not be this way—period. That is how T. Boone Pickens, founder and chairman of BP Capital Management, sees it.

Trucking news: ACT reports April Class 8 net orders hit a 55-month high

Posted 05/18 · 09:36 AM · LM Editorial
ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said this week that net orders for North American Class 8 vehicles checked in at 38,100 units on a non-seasonally adjusted basis in April.
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Trucking news: TransCore says April spot market is down from March, up year-over-year

Posted 05/18 · 08:37 AM · LM Editorial
The truckload spot market in April was down 14 percent from April but showed a 12 percent annual gain compared to April 2010, said TransCore officials. They added that freight volumes in the South and Midwest regions of the U.S. were impacted most by the weather.

Intermodal shipping: IANA reports strong first quarter intermodal volumes

Posted 05/17 · 10:26 AM · LM Editorial
First quarter intermodal loadings—3,292,291—were up 9.0 percent annually, as were the four major intermodal equipment categories tracked by IANA.

Freight interests gear up for ‘combat service’ on Capitol Hill in rush to fund bill

Posted 05/17 · 07:29 AM · LM Editorial
Freight movement needs a coordinated national freight strategic plan and dedicated source of funds in the next surface transportation bill, and major industry players need to be aggressive in selling that message to legislators obsessed with cutting federal transportation spending. That’s the word from the annual conference of Coalition for America’s Gateways and Trade Corridors, a ten-year-old Washington coalition of freight interests that includes shippers, builders, ports, intermodal interests, and other stakeholders.

YRCW remains focused on debt-swap, company restructuring

Posted 05/17 · 06:56 AM · LM Editorial
During its first quarter earnings call, YRC stated the terms of its latest debt swap plan, and has engaged Morgan Stanley to arrange a new $400 million asset-based loan facility that CEO Bill Zollars says will “enhance our liquidity and strengthen our balance sheet.”

Decline in FTR index reflects challenging times for shippers

Posted 05/16 · 10:40 AM · LM Editorial
Despite data points that indicate the economy is firming, it may not always feel that way for shippers, especially these days. That was especially true with the recent release of the Shippers’ Condition Index (SCI) from FTR Associates.

Pickens points to natural gas as a boost for the trucking industry and to cut down on OPEC imports

Posted 05/16 · 08:24 AM · LM Editorial
With gas prices making everyone uncomfortable, again, those same old fears about energy prices are back in the forefront. But it does not have to be these way. In fact, it should not be this way—period. That is how T. Boone Pickens, founder and chairman of BP Capital Management, sees it.

Ceridian-UCLA Pulse of Commerce Index is down 0.5 percent in April

Posted 05/13 · 09:12 AM · LM Editorial
On the heels on a 2.7 percent gain in March, following a cumulative 2.8 percent decline in January and February, the April edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) was down 0.5 percent. The PCI has been down on a sequential basis in six of the last nine months, but it was up 3.5 percent compared to April 2010 and has been up annually for 17 consecutive months.

Cass Freight Index shows signs of flattening volumes

Posted 05/06 · 10:34 AM · LM Editorial
While the Cass data showed growth in February and March following three months of decreases, April was relatively flat on a sequential basis. April shipments at 1.113 were up 12.3 percent annually and 0.45 percent compared to March’s 1.108, with shipments above for the 1.0 mark for the 11th straight month going back to May 2010’s 1.014 breaking the 1.0 level for the first time since November 20008.

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