Tuesday, March 06, 2012
TIA and CIFA officials said that promoting communication and cooperation between the largest transport intermediary associations of China and the United States which are also the world's top two largest trading powers is very necessary and important.
Posted on 03/06 at 10:54 AM
Global Logistics •
The price per gallon of diesel increased 4.3 cents to $4.094 per gallon for the week of March 5, according to the Department of Energy’s Energy Information Administration.
Celadon officials said the deal includes the purchase of roughly 180 tractors and 280 trailers. Financial terms were not disclosed.
Posted on 03/06 at 09:08 AM
Monday, March 05, 2012
Maersk Line is replicating its “absolute reliability” model in the Asia-EU trade lane for shippers in the Transpacfic
The January NMI—at 57.3—is up 0.5 percent over January and is at its highest level since reaching 58.3 in January 2011. A reading above 50 represents growth.
The TCI, which reflects tightening conditions for hauling capacity and is comprised of various metrics, including capacity, fuel, bankruptcies, cost of capital, and freight, came in at 6.1 in January, which was down slightly from December’s 7.0 and snapped a three-month growth streak.
Posted on 03/05 at 11:11 AM
FTR Associates •
Company officials said this $2.2 million facility will be used to fuel the company’s fleet of CNG-powered trucks.
Brian Conrad, Executive Administrator, Transpacific Stabilization Agreement, says markets is "prone to wild swings"
Friday, March 02, 2012
Earlier today, Class I railroad carrier Union Pacific reported that Chairman, President and CEO James R. Young is taking a medical leave of absence while being treated for pancreatic cancer.
Data released today from ACT Research, a provider of data and analysis for trucks and other commercial vehicles indicated that Class 8 commercial vehicle preliminary net orders for February will come in around 22,500 units.