Tuesday, June 26, 2012
The EIA said that weekly prices fell 5.1 cents to $3.678 per gallon. This follows last week 5.2 cent decline. The current price per gallon stands as the lowest weekly diesel price since the week of February 21, 2011 which was $3.573 per gallon.
Posted on 06/26 at 10:19 AM
Diesel Prices •
Late last week, a U.S. District judge in the District of Columbia granted class action certification to shipper plaintiffs in a lawsuit which maintains that four United States-based Class I railroads—Burlington Northern Santa Fe, Union Pacific, Norfolk Southern Corp., and CSX—worked together , or colluded, on fuel surcharges assessed to shippers.
Monday, June 25, 2012
United States Transportation Secretary Ray LaHood announced the latest round of funding for the Department of Transportation’s (DOT) TIGER (Transportation Investment Generating Economic Recovery (TIGER) 2012 program. LaHood said that 47 transportation projects in 34 states and the District of Columbia will receive about $500 million in TIGER grant funding.
Last week, LM Group News Editor Jeff Berman conducted an on-stage interview with Jack Holmes, president of UPS Freight, the less-than-truckload (LTL) subsidiary of UPS at the 10th annual eyefortransport 3PL Summit, which was held in Chicago. Holmes provided an in-depth look at the LTL sector and how LTL’s and shippers should—and could—work well together, among other topics.
Posted on 06/25 at 12:33 PM
Saturday, June 23, 2012
The McKinsey Global Institute analysts noted that over the past three decades – as developing economies industrialized and began to compete in world markets – a global labor market started taking shape
Posted on 06/23 at 04:44 PM
Supply Chain •
Southern regions remain relatively strong in manufacturing, with eight metropolitan areas on that list.
All the major players are telling shippers the General Rate Increases (GRI’s) will not be jeopardized by competition offering deep discounts this year
Friday, June 22, 2012
Rodolfo R. Sabonge, Vice President of Market Research and Analysis with the Panama Canal Authority told Bay Area shippers that a wider Panama Canal will pose no threat to the Port of Oakland
Thanks in part to heavy last-minute lobbying by the U.S. Chamber of Commerce, as well as other groups including freight transportation shippers, House and Senate conference committee members were furiously at work to produce a multi-year bill before the current funding mechanism expired on June 30.
Con-way Freight, the less-than-truckload subsidiary of Con-way Inc., is the most recent LTL carrier to roll out a mid-year general rate increase (GRI).