Tuesday, March 17, 2015
The once-beleaguered $35 billion less-than-truckload (LTL) sector, beset by stagnant growth and lackluster profits for much of the past decade, is enjoying a revival. Mostly because of the strong industrial and retail economy, as well as tightness in capacity due to the lack of any new entrants in the past 10 years, the LTL sector is poised for one of its best profit years since at least 2004, industry executives and analysts say.
Posted on 03/17 at 07:21 AM
Monday, March 16, 2015
DHL invested $2.5 million into the facility, due in large part to heavy demand and international shipment growth from the region’s booming oil and gas sector.
Posted on 03/16 at 11:02 AM
Trucking interests are asking the Federal Motor Carrier Safety Administration (FMCSA) to make important changes to its CSA (Compliance, Safety, Accountability) carrier rating system following criticisms from a key U.S senator and the Government Accountability Office.
Posted on 03/16 at 10:00 AM
Friday, March 13, 2015
One of the survey’s main findings was that respondents’ economic outlook heading into 2015 was optimistic but not as optimistic as they were heading into 2014, with 55 percent feeling good about things in 2015, which was down fro 2014’s 64 percent.
Posted on 03/13 at 11:29 AM
global trade •
TRAXENS, developer of innovative containers monitoring systems, will equip the first CMA CGM containers with its patented technology.
The most recent edition of the Trucking Conditions Index (TCI) from freight transportation forecasting firm FTR continued to reflect how current market conditions are translating into solid overall momentum for motor carriers.
Posted on 03/13 at 09:41 AM
U.S. Carloads were down 2.1 percent annually at 268,620, and intermodal volume was up 4 percent at 253,762 containers and trailers.
Posted on 03/13 at 08:48 AM
Thursday, March 12, 2015
Commerce reported that February retail sales at $437.0 billion were down 0.6 percent compared to January and up 1.7 percent compared to January 2014, and the NRF said that February retail sales, which exclude automobiles, gas stations, and restaurants, dipped 0.2 percent seasonally-adjusted month-to-month compared to January and increased 3 percent annually on an unadjusted basis.
At 123.8, the Freight TSI was down 0.2 percent compared to December and 29.9 percent higher than April 2009’s low of 94.6, which was during the depths of the recession.
Posted on 03/12 at 09:08 AM
Intermodal service conditions have been showing positive progress since late November and seem poised for growth.
Posted on 03/12 at 01:33 AM