Tuesday, January 31, 2012
Following a 0.6 cent gain last week, diesel prices are up 0.2 cents this week at $3.85, according to the Department of Energy’s Energy Information Administration (EIA). Prior to prices seeing gains throughout most of the last four weeks, diesel prices were down six straight weeks for a cumulative 22.7 cent decline.
Posted on 01/31 at 12:13 PM
Diesel Prices •
Earlier today, transportation and parcel bellwether UPS reported that fourth quarter revenue jumped 6 percent annually to $14.2 billion, and adjusted operating profit was up 17.3 percent at $2.024 billion. Earnings per share at $1.28 saw a 21 percent improvement, topping Wall Street estimates of $1.26 per share.
Posted on 01/31 at 11:55 AM
Logistics managers with time-critical cargo on their hands may opt for charter option
Monday, January 30, 2012
Spurred in large part by a 40 percent gain in shipments from Asia in 2011, less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) said it has expanded its Pacific Promise less-than-container load (LCL) service to ten ports in eight Asian countries.
Posted on 01/30 at 01:08 PM
Global Logistics •
This offering will enable shippers to ship a box—weighing up to 70 pounds—anywhere in the U.S. for one price, $39.95.
The Association of American Railroads (AAR) said today that the seven North America-based Class I freight railroads are on track to invest a record $13 billion in capital expenditures for 2012, with the capital going towards expanding, upgrading, and enhancing the U.S. freight rail network.
Posted on 01/30 at 10:09 AM
Rail Freight •
Friday, January 27, 2012
The President laid out his plan to develop every available source of American energy, which includes the safe and responsible production of the nation’s oil and natural gas resources.
Carload volume—at 287,734—was up 1.6 percent compared to last year but behind the week ending January 14 at 298,560.
Data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles, released this week found that net orders for commercial trailers were up nearly 40 percent in 2011 compared to 2010, while used truck volumes in December were up compared to November but down annually.
Thursday, January 26, 2012
Penske Logistics, a subsidiary of global transportation services provider Penske Corporation, recently announced it has expanded its European presence with a new office in Düsseldorf, Germany.