Wednesday, July 27, 2011
Data published this week by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicated that June marked the third straight month to see a decline in U.S. commercial trailer net orders with a 26 percent decrease from May.
UPS said this week that it has begun operating flights into Chengdu, China as part of an effort to expand its connections between Asia, Europe, and the United States.
Tuesday, July 26, 2011
FedEx officials said that this deal will allow FedEx Express to provide a wider range of domestic and international transportation and logistics offerings in Mexico
The American Trucking Associations (ATA) reported today truck tonnage took a step in the right direction, snapping two months of declines, with a 2.8 percent increase in its advance seasonally-adjusted (SA) For-Hire Truck Tonnage index in June.
The average price per gallon for diesel increased 2.6 cents to $3.949 per gallon.
Compared to the second quarter of 2010, which saw a 71 percent annual gain in earnings per share for UPS, this year’s second quarter might be viewed as being pale in comparison. But a close look at the numbers points to another strong earnings performance for Big Brown.
Monday, July 25, 2011
With the recent news of rate increases being implemented by large less-than-truckload companies come various reasons behind these increases. At the top of the list for many carriers are equipment expenses and the costs related to hiring and training drivers. LM Group News Editor Jeff Berman recently had the opportunity to chat with A. Duie Pyle President of Steve O’Kane about these factors.
Less than a month after reports indicated that Deutsche Bahn was considering shuttering its United States-based DB Schenker Logistics, a third-party logistics, trucking, and airfreight services provider, Schenker Inc. said late last week it is making significant changes to its North American business model.
Friday, July 22, 2011
A new white paper from global real estate firm Jones Lang LaSalle points to the increasing importance of inland ports as a critical link in the global supply chain.
There is new optimism, fresh capital and a familiar face at the wheel of financially ailing LTL giant YRC Worldwide as it hopes to end a five-year slump in which it has lost in excess of $2.6 billion, and tries to shed its infamous title of biggest money-loser in the history of trucking.