Thursday, March 31, 2011
TransCore reported that linehaul rates for vans on the spot market were up 38 percent in the 64 national lanes it tracks. But it also pointed out that rate declines in the remaining lanes left the national average up 0.8 percent.
In a speech at Georgetown University yesterday, President Barack Obama outlined his plan to reduce the oil imported into the United States by one-third in the next decade.
Various transportation interests met on Capitol Hill this week for a two-day hearing hosted by the House Transportation and Infrastructure Committee’s Subcommittee on Highways and Transit, which focused on pending surface transportation reauthorization.
Wednesday, March 30, 2011
C.H. Robinson Worldwide, Inc., has leveraged its TMC division, expanding the capabilities of its Managed TMS, and enabling it to offer TMS software plus managed services globally.
Like its top competitor UPS said at the end of 2010, FedEx recently stated that it is not considering acquiring the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, according to a Dow Jones report.
Tuesday, March 29, 2011
After a 0.1 cent decline last week, diesel prices went up 2.5 cents to $3.932 per gallon, with prices up 99.3 cents on an annual basis.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 19.5 percent in January 2011 compared to January 2010 increasing to $67.7 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics.
FedEx Express launched a new dedicated 777F route connecting FedEx World Hub in Memphis, Tennessee to South Korea with four nonstop flights a week. And UPS launched four direct flights from Hong Kong to Europe this week, which, it said, enables the company to offer the widest next-day delivery package for packages and heavy freight to Europe from Hong Kong.
Monday, March 28, 2011
According to the PRC, the USPS advised it that due to falling mail volumes and revenues it is considering eliminating Saturday mail collection and delivery except for Express Mail and existing post office box service.
Spurred by customer demands, FedEx subsidiary FedEx Express announced it has opened up a new China-based station in Suzhou in the Jiangsu Province, which is the company’s third station in Suzhou.