Tuesday, February 01, 2011
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 15.5 percent in November 2010 compared to November 2009, increasing to $68.1 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
Even though the economy is still taking its lumps en route to a full-fledged recovery, UPS appears to be ahead of the game based on its fourth quarter and full-year 2010 earnings performance.
Freight forwarders need to see “realizable and significant value” added to the airport-to-airport portion of the air cargo supply chain before making a commitment to e-commerce, said two major shipper associations.
While the Federal Maritime Commission (FMC) is moving forward with an investigation of slow steaming practices in the transpacific, some analysts question whether it will even be an issue after the upcoming Lunar New Year.
Monday, January 31, 2011
When FedEx announced it was redesigning its network structure for its less-than-truckload (LTL) network, FedEx Freight, last September, which officially went live today, there was one small detail regarding this news that flew somewhat under the radar. That detail was that the company said it planned to be more active on the intermodal side.
Following speculation that global industrial real estate bellwethers ProLogis and AMB Property Corporation were planning to merge, the companies announced today that they have joined hands in inking a definitive agreement through what that described as a “merger of equals.”
FedEx Freight, the market leader in the LTL (less-than-truckload) sector, is changing the way shippers move freight in the $28.5 billion LTL sector.
Friday, January 28, 2011
Taking steps to let shippers know about its full range of freight transportation service offerings, regional less-than-truckload carrier Pitt Ohio Express has officially re-branded and will be known as Pitt Ohio going forward.
Carload volume at 282,837 was up 1.5 percent compared to the corresponding week last year. This is nearly identical with the week ending January 15, which hit 282,987 carloads.
As was the case for most of 2010, annual improvements in spot market performance were prevalent. This was evidenced by data released by the TransCore North American Freight Index this week.