Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
Posted 06/24 · 08:23 AM · LM Editorial
In an effort to combat high oil prices causes by geopolitical issues in the Middle East, the White House and the United States Department of Energy (DOE) said this week that the U.S. and partner nations in the International Energy Agency will release 60 million barrels of oil.
Posted 06/23 · 09:22 AM · LM Editorial
In its fourth quarter earnings report, Fedex explained its 6 percent y-t-d improvement on strong yield improvement in all transportation segments, as well as volume growth of ground and international express shipments.
Posted 06/23 · 12:29 AM · LM Editorial
Those less-than-truckload (LTL shippers) yearning for an optimistic sign from YRC Worldwide’s four-year bout with bankruptcy and cessation may get a ray of hope from the LTL giant’s resumption of partial payments to its Teamsters’ pension plans after a 23-month hiatus.
Posted 06/22 · 12:14 AM · LM Editorial
Truck driver shortages, a persistent dilemma for shippers seeking adequate capacity, are back.
Posted 06/21 · 09:00 AM · LM Editorial
A pretty big relationship between global third-party logistics (3PL) services provider CEVA Logistics and freight transportation and logistics services provider Ryder got even bigger with week, with the companies announcing that CEVA has added more than 1,000 full service lease trailers from Ryder.
Posted 06/21 · 08:26 AM · LM Editorial
On the heels of the first weekly increase since the week of May 2, when the price per gallon of diesel hit $4.124, the average price per gallon dipped 0.4 cents to $3.95 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted 06/20 · 08:15 AM · LM Editorial
FTR said the most recent SCI is at -5.4 percent compared to -11.4 in May, which was the worst SCI reading of this current economic cycle. The firm attributed the 6 point improvement to a slowdown in freight demand growth due to a lull in economic activity, as well as ongoing delays in Federal trucking regulations like driver Hours-of-Service (HOS).
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.