Friday, March 04, 2011
In an effort to highlight its expanded reach, Purolator Courier Ltd. said this week it has changed its official name to Purolator Inc. and Purolator USA is now Purolator International.
Posted on 03/04 at 10:12 AM
Carload volume at 296,252 was up 2.4 percent year-over-year and was slightly behind the week ending February 19, which came in at 296,980.
In a political battle that has seen more than its fair share of tension, the United States and Mexico have finally hammered out an agreement to resolve the issues surrounding the countries cross-border trucking program.
Stakeholders representing importers, exporters, motor carriers, ports, and marine terminal operators (MTOs) reconvened at an industry working group meeting, co-chaired by PierPASS and Ability-TriModal, to continue discussions on potential solutions to limit congestion outside the marine terminal gates at the ports of Los Angeles and Long Beach.
Thursday, March 03, 2011
As widely anticipated, the International Air Transport Association announced a cut in its forecast for airline industry profits
The ISM’s index for measuring the sector’s overall health—known at the NMI—was 59.7 in January, a 2.3 percent increase from December. Like the ISM’s Manufacturing Report on Business, a reading above 50 represents growth.
The Postal Regulatory Commission filed an order to conditionally grant a USPS request to transfer Commercial Standard Mail Parcels to the competitive product list.
Wednesday, March 02, 2011
Net orders for heavy-duty Class 8 commercial vehicles continue to maintain a strong growth rate, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles. In a preliminary reading of net orders for February, ACT reported that there were 24,300 units ordered in February, which is 3,000 less than January, which came in at 27,300 units and was up 320 percent from January 2010.
An improving economy led by various drivers for logistics services laid down the foundation for strong demand for logistics space during the second half of 2010, according to a new report from commercial real estate firm Grubb & Ellis, entitled "Logistics Market Trends United States Second Half 2010."
An improving market in the trucking sector is apparent, according to the most recent edition of the Trucking Update from FTR Associates, a freight transportation forecasting firm. FTR said that its Trucking Conditions Index (TCI), which is a compilation of factors affecting trucking, ticked up to 9.1 in January from December’s 7.1, adding that the TCI has seen steady gains since last October.