Tuesday, December 14, 2010
Even though California’s economic recovery remains a work in progress, Golden State exporters turned in their best performance ever for the month of October.
Retail sales showed continued strength as November numbers showed annual gains, according to data released by the United States Department of Commerce and the National Retail Federation (NRF).
Con-way Freight, the less-than-truckload (LTL) subsidiary of freight transportation and logistics services provider Con-way, said this week that it has begun construction on a new service center in San Antonio, Texas. The new location will be comprised of 105 doors, 41,500 square feet, and 30 acres
Diesel prices rose another 3.4 cents this week to $3.231 per gallon for the week of December 13, following a 3.5 cent bump for the week of December 6, according to data from the Department of Energy’s Energy Information Administration (EIA).
Monday, December 13, 2010
In an ongoing legal battle, the U.S. Court of Appeals for the 9th Circuit granted a petition by the ATA to expedite the filing of briefs in its suit against the concession requirements in the Port of Los Angeles so-called “clean-truck program.”
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, suggests that various factors are contributing to what could be a strong outlook for commercial vehicle demand in over the next few years.
The United States House of Representatives last week voted to extend federal highway and transit funding in the form of a continuing resolution for another nine months, running from January 1, 2011-September 30, 2011. This measure was part of a $1.2 trillion federal spending bill, which will now head to the Senate for approval.
Posted on 12/13 at 10:26 AM
Friday, December 10, 2010
In a sign that the White House’s push to increase United States export activity is gaining some traction, data released by the Department of Commerce stated that total October exports of $158.7 billion and imports of $197.4 billion resulted in a goods and services deficit of $38.7 billion.
Following the recent news that TNT, the fourth largest global parcel operator, plans to sell off its Express unit, media reports out of Europe indicate that UPS will not be a potential buyer of the unit. UPS Chief Financial Officer Kurt Kuehn told a German newspaper, the Boersen-Zeitung, that the UPS does not intend to make any large acquisitions in the future.
Posted on 12/10 at 10:05 AM
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