Friday, November 18, 2011
October volumes at the Port of Long Beach were down were down for the fourth straight month, according to data released by the port this week.
Carload volume—at 299,591—was up 0.5 percent annually and slightly ahead of the week ending November 5 at 298,465.
A top transportation economist is predicted “sustained growth” in trucking freight demand for this decade as the nation recovers from the Great Recession, a credit crisis, two wars and the 9/11 terrorist attacks marring the first decade of this century.
Thursday, November 17, 2011
Spurred by strong export growth, October volumes at the Port of Los Angeles were solid on a year-over-year basis on the heels of an uneven September the month before.
After alarming declines from August to September, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that global trade activity showed a bit of a “leveling off” from September to October.
After decades of uncertainty over millions of dollars of potential pension withdrawal liability, Teamsters union-covered trucking companies in multi-employer pension plans finally have some tangible financial rays of hope.
Posted on 11/17 at 11:05 AM
Wednesday, November 16, 2011
Financial issues for the United States Postal Service (USPS) remain front and center, with this week’s announcement that for Fiscal Year 20111 the USPS had a net loss of $5.1 billion.
Company officials said that this output marked the highest same-month volume since the aftermath of Hurricane Katrina in 2005 and was the highest same month volume since then.
Retail sales turned in decent performances in October, according to data released this week by the United States Department of Commerce and the National Retail Federation (NRF).
Diesel prices were up a full dime, with the price per gallon hitting $3.987.