Tuesday, July 03, 2012
Multiregional less-than-truckload (LTL) carrier Saia said this week it has acquired truckload and brokerage services provider Robart Transportation Inc. and its subsidiary The RL Services Group LLC.
The price per gallon this week dropped 3 cents to $3.648, following declines of 5.1 cents and 5.2 cents, respectively, over the last two weeks.
Posted on 07/03 at 08:17 AM
Diesel Prices •
FedEx Express, a subsidiary of FedEx, said it has agreed to purchase 19 B767-300 aircraft from the Boeing Company. Company officials said Boeing has agreed to convert four Boeing 777s –two in fiscal 2016 and two in fiscal 2017—to 767 equivalent purchase value.
Posted on 07/03 at 07:29 AM
Monday, July 02, 2012
While manufacturing has been a constant source of strong economic growth in an economy replete with warning signs, the Institute of Supply Management’s June Manufacturing report on Business released today showed that manufacturing activity for the month was not as strong as it has been over the course of the last three years.
The mid-year less-than-truckload (LTL) rate hike is nearly complete, with UPS Freight, the LTL subsidiary of UPS announcing a general rate increase (GRI) of 5.9 percent, effective July 16.
Posted on 07/02 at 10:04 AM
The ongoing economic malaise in Eurozone nations is not likely to see any meaningful signs of improvement in the near future. That was the main message in the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
The House approved the bill, which adopts the name of the Senate’s version, MAP-21 (Moving Ahead for Progress in the 21st Century), by a 373-52 margin, and the Senate signed on with a 74-19 vote. The bill was awaiting President Barack Obama’s signature for it to be signed into law at press time.
Friday, June 29, 2012
In a widely anticipated move, Class I railroad carrier Canadian Pacific Railway formally named Hunter Harrison as its president and chief executive office and a member of its Board of Directors.
Thanks to a transformational organizational change led by Stotlar, he says Con-way is on its way back to its familiar leadership perch atop the LTL industry. Its largest unit, the $3.2 billion Con-way Freight LTL unit, has rebounded from its low point during the 2008-2010 recession to again one of the most profitable carriers in the sector.
Posted on 06/29 at 09:53 AM
Con-way Freight •
Carload volume—at 288,730—was up 1.4 percent annually, and intermodal volume—at 246,128 trailer and containers—were up 4.8 percent.