Tuesday, March 26, 2013
The average price per gallon fell 4.1 cents—matching last week’s decrease—to $4.006 per gallon. These matching declines were preceded by 4.2 cent and 2.9 cent drops, representing a cumulative 15.3 cent drop over the last four weeks.
Posted on 03/26 at 08:37 AM
Diesel Prices •
Monday, March 25, 2013
Revenue at FedEx Freight, the company's less-than-truckload unit, at $1.24 billion was up 0.8 percent from $1.23 billion last year, with an operating margin of 0.3 percent compared to -0.1 percent a year ago.
Posted on 03/25 at 10:00 AM
FedEx Freight •
FTR said that the SCI represents “deteriorating conditions” for shippers early in 2013, with the SCI forecast expected to continue moving down as the year moves on, approaching negative double-digits by the end of 2013.
Posted on 03/25 at 09:14 AM
FTR Associates •
UPS and the Teamsters union are “far apart” during their ongoing contract talks that began with optimism last year that an agreement could be reached before the current five-year deal expires July 31.
Posted on 03/25 at 06:59 AM
Friday, March 22, 2013
Bill includes language calling for full use of Harbor Maintenance Trust Fund.
Posted on 03/22 at 09:59 AM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 6.2 percent in 2012 compared to 2011, increasing to $960 billion.
Posted on 03/22 at 08:22 AM
Carload volume—at 280,624—were up 0.5 percent annually, and intermodal—at 228,806 containers and trailers—was up 0.7 percent.
Thursday, March 21, 2013
UPS has officially acquired the 49 percent interest of Vietnam-based VN Express in the joint delivery venture between the companies, whom initially first partnered in 1994, with VN Express serving at UPS’s authorized agent in Vietnam, prior to establishing a joint stock company in 2010.
Posted on 03/21 at 10:13 AM
Global Logistics •
Established in 2010, Open Mile is a non-asset based transportation service provider, focusing on truckload brokerage, that provides high-tech automation with freight management expertise, according to Echo officials.
The Surface Transportation Board this week said that it declined a petition filed by the Association of American Railroads (AAR), whom was requesting that the STB institute a rulemaking proceeding to consider reintroducing indirect competition as a fact
or in determining the reasonableness of rail rates for coal transportation.
Posted on 03/21 at 06:43 AM