Monday, July 11, 2011
YRC Worldwide has obtained commitments for a three-year, $400 million asset-based loan (ABL) facility that will replace its current asset-backed securitization (ABS) facility.
The National Industrial Transportation League (NITL) filed a petition with the United States Surface Transportation Board (STB), requesting that the STB adopt new rules regarding reciprocal switching between Class I railroad carriers.
The industry posted a 10% increase over 2009 and about $4.6 billion in revenue for SCM applications, not counting procurement.
Friday, July 08, 2011
We recently got word of the passing of Donald J. Bowersox. To say that Don was one of the founders of the modern supply chain movement is no exaggeration. His record of accomplishments speaks for itself.
Global express delivery and logistics services provider DHL continues to make inroads with its LCL (less-than-container-load) service, announcing two new recent additions.
Carload volume—285,943—was up 0.3 percent year-over-year and ahead of the week ending June 25 at 284,562 and behind the week ending June 17 at 294,310.
Thursday, July 07, 2011
Analysts add that even the realization of a decent peak season demand surge this summer will not provide enough momentum to lift severely eroded freight rates in the key east-west trades
With the current state of transportation infrastructure at the national level still largely in flux, the Republican leadership of the House Transportation and Infrastructure Committee earlier today held a press conference to roll out its comprehensive, multi-year transportation reauthorization proposal.
The June report showed that shipments at 1.165 were 4.9 percent better than May, and shipments were above the 1.0 mark for the 13th straight month going back to May 2010, when it topped 1.0 for the first time since November 2008. On an annual basis, June shipments were up 5.3 percent, which is below the 9.6 percent and 12.3 percent year-over-year gains from May and April, respectively.
The much ballyhooed cross-border trucking agreement between the United States and Mexico appears to have finally come to fruition, according to the U.S. Department of Transportation (DOT).