Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
Posted 02/10 · 09:21 AM · LM Editorial
Diplomat(s) expressed increasing concern that Saudi Arabia is no longer able to lift oil production at a rate fast enough to prevent oil prices from escalating.
Posted 02/09 · 12:22 PM · LM Editorial
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) increased 1.5 percent in December, following a 0.3 percent decline in November.
Posted 02/09 · 10:37 AM · LM Editorial
Following an impressive 2.4 percent sequential gain in December, the January edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) fell 0.3 percent in January, due, in part to harsh weather conditions throughout much of the United States.
Posted 02/08 · 01:07 PM · LM Editorial
Keeping in line with the fourth quarter of 2010, preliminary net orders of heavy-duty Class 8 commercial vehicles for North America markets at 27,300 units were up 320 percent year-over-year in January, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Posted 02/08 · 09:06 AM · LM Editorial
Diesel prices continued heading north, with a 7.5 cent increase to $3.513 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). And current prices are up 74.4 cents annually.
Posted 02/07 · 10:44 AM · LM Editorial
Following a decline in December freight shipments, the first month of 2011 continued that trend, according to the most recent edition of the Cass Information Systems Freight Index.
Posted 02/04 · 12:43 PM · LM Editorial
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported net income of $23.1 million—of $0.49 per share—for the fourth quarter of 2010.
Posted 02/04 · 08:40 AM · LM Editorial
There is a not-so-subtle change in pricing power away from shippers and toward carriers in the (less-than-truckload) LTL sector. Shippers may have already noticed discounts are falling, and rates are rising.
Posted 02/02 · 01:43 PM · LM Editorial
As the economy shows some signs of improvement, the trucking market may be somewhat ahead of the curve, according to the most recent edition of the Trucking Update by FTR Associates, a freight transportation forecasting firm.
Posted 02/01 · 02:24 PM · LM Editorial
In what has again become a common occurrence, diesel prices are up once again this week, going up $0.8 cents to $3.438 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). The EIA added that current prices are up 65.7 cents per gallon compared to last year.