Friday, March 20, 2015
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that four of five transportation modes – truck, rail, pipeline, and vessel – carried more U.S. freight with North American Free Trade Agreement (NAFTA) partners Canada and Mexico by value in 2014 than in 2013.
Posted on 03/20 at 08:21 AM
U.S. carloads were down 3.5 percent annually at 278,856, and intermodal volume was up 7 percent compared to the same week as last year at 274,175 trailers and containers.
Thursday, March 19, 2015
Earlier this month, Cargomatic announced it had formally rolled out its Cargomatic Free Flow program, which is geared towards reducing congestion at POLA, the Port of Long Beach, and other ports, too.
Early returns on dimensional pricing changes are encouraging for FedEx, but an analyst says impact will be clearer after the fiscal fourth quarter results are issued in about three months.
Wednesday, March 18, 2015
Class I railroad carrier CN announced this week that it intends to construct a $259 million (Canadian) intermodal and logistics hub adjacent to its main line in Milton, Ontario, which is about 30 miles west of Toronto.
Posted on 03/18 at 01:54 PM
Not surprisingly, February volumes at the Port of Los Angeles (POLA) and Port of Long Beach (POLB) were down on an annual basis in February, as the months-long labor dispute between the Pacific Maritime Association and the International Longshore & Warehouse Union, which impacted freight flows and port operations in the form of terminal congestion and related supply chain challenges, came to an end.
Posted on 03/18 at 11:53 AM
Quarterly net income of $580 million was up 53 percent annually, and revenue, at $11.7 billion, was up 4 percent. Operating income at $962 million was up 50 percent.
Posted on 03/18 at 08:11 AM
FedEx Express •
Tuesday, March 17, 2015
The positive outlook for North American industrial real estate continues, according to Cushman & Wakefield’s newly released 2015-2017 Industrial Real Estate Forecast. And the connections and interdependence among the economies of the United States, Canada and Mexico reflect in how closely their markets are trending, with key sectors like e-commerce, manufacturing, technology and energy fueling progress across the board.
Posted on 03/17 at 10:14 AM
A five-week stretch of gains in diesel prices came to an end this week, with the Department of Energy’s Energy Information Administration (EIA) reporting this week that the average price of diesel dropped 2.7 cents to $2.917 per gallon.
Posted on 03/17 at 08:29 AM
Diesel Prices •
The once-beleaguered $35 billion less-than-truckload (LTL) sector, beset by stagnant growth and lackluster profits for much of the past decade, is enjoying a revival. Mostly because of the strong industrial and retail economy, as well as tightness in capacity due to the lack of any new entrants in the past 10 years, the LTL sector is poised for one of its best profit years since at least 2004, industry executives and analysts say.
Posted on 03/17 at 07:21 AM