Friday, December 02, 2011
Rail traffic continues to positively trend upward, with gains on both the carload and intermodal side for the week ending November 26 according to data released by the Association of American Railroads (AAR).
Thursday, December 01, 2011
With its eye on further expanding its rapidly growing global healthcare business, UPS announced today it has agreed to purchase Pieffe Group, an Italy-based pharmaceutical logistics company.
Posted on 12/01 at 01:15 PM
Global Logistics •
Freight transportation services provider Con-way Inc. recently announced that Con-way Multimodal, a subsidiary of Con-way’s Menlo Worldwide Logistics group, will open a new branch office in Frisco, Texas, a Dallas suburb, on December 5.
Wednesday, November 30, 2011
Less-than-truckload transportation services provider YRC Worldwide announced that effective Friday, December 2 it will implement a 1:300 reverse split of YRC common stock.
Posted on 11/30 at 04:25 PM
YRC Worldwide •
In a filing with the United States Court of Appeals, District of Columbia Circuit yesterday, the Federal Motor Carrier Safety Administration (FMCSA) stated it will roll out its new proposed truck driver Hours-of-Service (HOS) rules within 30 days.
Posted on 11/30 at 12:54 PM
Tuesday, November 29, 2011
With the clock winding down, the ongoing dispute between railroad management and labor over contractual issues largely focused on health care and economic issues remains in flux.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 13.8 percent in September 2011 compared to September 2010, hitting $77.7 billion.
As freight transportation volumes are primarily showing flat or modest growth levels, intermodal still is showing very strong growth prospects, with the very likely possibility that the drivers for future intermodal gains are very promising.
As soon as the price per gallon for diesel eclipsed the $4 per gallon mark a week ago, it went back below $4, with a 4.6 cent decline to $3.964 per gallon, according to data from the Department of Energy’s Energy Information Administration (EIA).
Posted on 11/29 at 09:45 AM
Diesel Prices •
Monday, November 28, 2011
In what could possibly viewed as a late in the year jump-start for the economy, the National Retail Federation (NRF) said that Thanksgiving and Black Friday holiday spending—in stores and on the Web—hit historic highs.