Wednesday, June 01, 2011
In its May Manufacturing Report on Business, the ISM reported that the index it uses to measure the manufacturing sector—known as the PMI—was 53.5 percent in May, down 6.9 percent from April, marking the first time in 2011 that the PMI did not crack 60.
Non asset-based third-party logistics services provider Roadrunner Transportation Services (RRTS) said this week it has acquired all of the outstanding stock of Wichita, Kansas-based truckload services provider Bruenger Trucking Company. The sale price, according to Roadrunner officials, was roughly $10.6 million, coupled with an earn-out capped at $3 million.
One week after its single largest weekly drop—of 6.4 cents—in a year, diesel prices headed south for the fourth consecutive week, falling another 4.9 cents to $3.948 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Less than three months after acquiring World Warehouse and Distribution, Cherry Hill, New Jersey-based NFI, an asset-based third-party logistics (3PL) services provider said this week it has brought Maersk subsidiary the Gilbert Company into the fold.
Tuesday, May 31, 2011
The Federal Motor Carrier Safety Administration (FMCSA) recently announced that it will not meet its initial goal of publishing a new hours-of-service (HOS) rule—based on changes to the rule it proposed late last year—by its initial deadline of July 26. The primary reason for the delay of the final HOS rule, which has now been pushed back to October 28, is because of four studies issued by FMCSA introduced during the HOS rule comment period that focus on the relationship between fatigue and driver safety.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 15.6 percent in March 2011 compared to March 2010 increasing to $80.8 billion.
Coming off a less-than-stellar first quarter, future prospects for import and export container volumes in Europe are expected to grow over the next six months, according to the monthly Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Friday, May 27, 2011
Carload volume—at 295,148—was up 2.3 percent compared to the same timeframe last year and slightly ahead of the week ending May 14 at 294,271. It was also behind the week ending April 2, which hit 305,905 carloads, marking the highest weekly carload tally since the end of 2008.
Proposed changes to truck driver Hours-of-Service (HOS) regulations made by the Federal Motor Carrier Safety Administration (FMCSA) in December have created a potential situation in which the amount of time carriers have to move freight could be significantly curtailed, as well as hinder available trucking capacity.
Thursday, May 26, 2011
Members of the Senate Environment and Public Works (EPW) Committee have been working on draft legislation focusing on reauthorizing the country’s surface transportation programs.