Friday, June 10, 2011
Despite recent signs of a slackening pace of global economic growth, California exporters turned in another impressive performance in April with shipments totaling $12.88 billion, a gain of 14.4 percent over the same month last year, according to an analysis by Beacon Economics of foreign trade data released this week by the U.S. Commerce Department.
Thursday, June 09, 2011
While labor costs and “green” initiatives may be making West Coast ports less dominant in the coming years, they are hardly at risk, said a prominent industry analyst.
Company officials said that this new terminal will provide New York and New Jersey customers areas outbound LTL services to Illinois down through Texas and every state west of the Mississippi River.
Railroad carload traffic in May was flat year-over-year with a 0.5 percent annual gain, according to the Association of American Railroads (AAR). Intermodal saw steady gains compared to last year.
Proposed legislation in California that would make that state’s ports less competitive with other Pacific Rim and Gulf ports is being opposed by The International Warehouse Logistics Association
Wednesday, June 08, 2011
The BTS said that the April Freight TSI at 107.5 is up 14.0 percent from the recent low of 94.3 in April 2009, which was its lowest level since July 1997. April’s Freight TSI is down 5.1 percent from its historic peak of 113.3 in January 2005.
Freight transportation and logistics services provider Ryder System said today it has acquired Hill Hire plc, a Bradford, England-based provider of commercial truck leasing, rental, and maintenance services, and an independently run and wholly owned subsidiary of Lloyds Banking Group.
The PCI has not seen growth since being up 2.7 percent in March and has been down sequentially in eight of the last 12 months. And it was flat year-over-year, snapping a streak of 17 consecutive months of annual growth.
Tuesday, June 07, 2011
In a move to contain costs and sustain service, the West Coast MTO Agreement announced it will raise the current Traffic Mitigation Fee at the Ports of Los Angeles and Long Beach.
NS officials said the $97.5 million facility is part of the $2.5 billion Crescent Corridor initiative, which aims to establish an efficient, high-capacity intermodal freight rail route between the Gulf Coast and the North East. This facility, which is located on a 316-acre site in McCalla, Alabama, is expected to open in late 2012.