Wednesday, October 26, 2011
The Republican-controlled House of Representatives could “flip” in favor of the Democrats, especially if the presidential race turns into a cakewalk for President Barack Obama. That’s the word from U.S. Chamber of Commerce President and CEO Thomas J. Donohue, who delivered the keynote at the 25th annual meeting of the North American Transportation Employee Relations Association.
Tuesday, October 25, 2011
In a move signaling future rate pressure in the nation’s most robust ocean cargo trade lane, Horizon Lines, Inc. announced it will discontinue its Five Star Express (FSX) trans-Pacific container shipping service between the U.S. West Coast, Guam and China
The U.S. House of Representatives today voted by a wide margin against U.S. participation in the European Union’s costly emissions trading scheme (ETS) that would impose new emissions taxes on U.S. and other nations’ air carriers flying into and out of the EU.
The ATA’s advance seasonally-adjusted (SA) For-Hire Truck Tonnage index increased 1.6 percent in September, following a revised 0.5 percent (from 0.2 percent) decline in August.
Diesel prices this week increased 2.4 cents per gallon to $3.825, according to the Department of Energy’s Energy Information Administration (EIA).
December 12 looks to be a pretty busy day for FedEx. The transportation bellwether said this week it expects to move more than 17 million shipments through its global networks on that day.
Posted on 10/25 at 10:26 AM
Retail Sales •
Quarterly revenue for Big Brown—at $13.2 billion—was up 8.0 percent annually, and operating profit—at $1.61 billion—was up 0.2 percent. Earnings per share—at $1.06—saw a 14 percent year-over-year increase, topping Wall Street expectations of $1.05 per share.
Monday, October 24, 2011
The two-year, $109 billion bill is entitled Moving Ahead for Progress in the 21st Century (MAP-21), which EPW officials have described as a “bipartisan effort that holds spending at current levels plus inflation, greatly increases leveraging of federal dollars, and modernizes and reforms the nation’s transportation systems to help create jobs and build the foundation for long-term prosperity.”
Data published this week by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, stated that September Class 8 trailer order activity was up in September, with net orders roughly 31 percent ahead of August and up 22 percent annually.
While hopes were high for a return to a “traditional” Peak Season earlier this year, things have not gone according to plan based on freight trends, volumes, and insight from industry stakeholders.