Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
Posted 06/15 · 10:50 AM · LM Editorial
Business logistics costs rose 10.4 percent last year, totaling $1.21 trillion, which is about what American businesses paid for freight transport in 2010, according to the authoritative 22nd annual State of Logistics report released Wednesday.
Posted 06/15 · 09:37 AM · LM Editorial
A Bloomberg report released earlier this week stated that Mexican Economy Minister Bruno Ferrari said his country will sign a formal agreement to end a cross-border trucking dispute with the U.S. as early as this month, setting the stage for the Latin American country to remove punitive tariffs.
Posted 06/15 · 09:19 AM · LM Editorial
Even with some recent moderation in freight volumes and signs of renewed economic weakness, ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said this week that demand is still strong for commercial vehicles.
Posted 06/14 · 10:44 AM · LM Editorial
UPS Freight, the less-than-truckload (LTL) subsidiary of UPS said this week it has improved transit times from Vancouver, British Columbia to 181 United States cities in the Midwest and Northeast.
Posted 06/14 · 09:37 AM · LM Editorial
As mounting evidence indicates that slow economic growth is prevalent, retail sales numbers released today were essentially flat in May compared to April and were up on an annual basis, according to data from the United States Department of Commerce and the National Retail Federation (NRF).
Posted 06/14 · 08:27 AM · LM Editorial
Diesel prices fell for the fifth consecutive week and the sixth time in the last seven weeks, decreasing 0.8 cents to $3.94 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted 06/10 · 08:40 AM · LM Editorial
Weeks after the Federal Motor Carrier Safety Administration (FMCSA) said it would not meet its initial goal of publishing a new hours-of-service (HOS) rule—based on changes to the rule it proposed late last year—by its initial deadline of July 26, pushing the deadline back to October 28, two prominent industry organizations—the American Trucking Associations (ATA) and the National Industrial Transportation League (NITL) — are again voicing their displeasure with the proposed rules.
Posted 06/10 · 07:36 AM · LM Editorial
Despite recent signs of a slackening pace of global economic growth, California exporters turned in another impressive performance in April with shipments totaling $12.88 billion, a gain of 14.4 percent over the same month last year, according to an analysis by Beacon Economics of foreign trade data released this week by the U.S. Commerce Department.
Posted 06/08 · 11:40 AM · LM Editorial
The BTS said that the April Freight TSI at 107.5 is up 14.0 percent from the recent low of 94.3 in April 2009, which was its lowest level since July 1997. April’s Freight TSI is down 5.1 percent from its historic peak of 113.3 in January 2005.
Posted 06/08 · 10:55 AM · LM Editorial
Freight transportation and logistics services provider Ryder System said today it has acquired Hill Hire plc, a Bradford, England-based provider of commercial truck leasing, rental, and maintenance services, and an independently run and wholly owned subsidiary of Lloyds Banking Group.