Friday, July 08, 2011
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).
Wednesday, July 06, 2011
Saia Inc. found that shippers responding to its “National Trends in Small to Medium-sized Businesses” had a variety of concerns. But chief among them is having a “Plan B.”
ABF received a dose of good news earlier today, when the United States Court of Appeals for the Eighth District changed course on a previous dismissal made by a lower court regarding ABF’s lawsuit against the International Brotherhood of Teamsters, YRC, Inc., Trucking Management, Inc. and other related entities.
Following the lead of UPS Freight, ABF Freight System announced today it will raise its rates by roughly 6.9 percent, effective July 25.
Prices dipped 3.8 cents to $3.85 per gallon, following a 6.2 cent decline last week, which represented the steepest weekly decline since falling 6.4 cents the week of May 23.
Container shipping carrier APL recently said it has made a land purchase in Joliet, Illinois to develop an intermodal container terminal. APL officials said the company purchased 43 acres of space from CenterPoint Properties within the CenterPoint Intermodal Center, the largest inland port in the United States.