Wednesday, December 22, 2010
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said that it has made amendments to its credit agreement and asset-backed securitization facility (ABS) in order to provide additional time to finalize plans to recapitalize its balance sheet.
Posted on 12/22 at 11:01 AM
YRC Worldwide •
Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, stated that the number of waterborne shipments entering the United States fell two percent from October to November.
Posted on 12/22 at 10:04 AM
Josh Green •
Tuesday, December 21, 2010
The newest trans-Pacific ocean carrier, Hainan P O Shipping Co., Ltd. (P O Shipping) has expanded its services with a call connecting Oakland with five major ports in China
Freight transportation and logistics services provider Ryder System recently announced it has reached an agreement to acquire the full service lease, contract maintenance, commercial rental and dedicated contract carriage businesses of Fontana, California-based The Scully Companies Inc.
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said that November net orders of heavy-duty Class 8 vehicles at 26,268 units were up 38 percent from October.
Posted on 12/21 at 09:52 AM
ACT Research •
Diesel prices went up 1.7 cents this week to $3.248 per gallon for the week of December 20, following a 3.4 cent gain during the week of December 13, according to data from the Department of Energy’s Energy Information Administration (EIA).
With the trucking industry on pins and needles anticipating more proposed changes in the truck driver hours of service regulations, some leading industry advocates and analysts are anticipating a once-in-a-generation opportunity to shape transportation policy in the new era of split government in Washington.
Monday, December 20, 2010
New offering is part of USPS’ strategy to go after larger mailers, with discounts available at their fingertips.
Sunday, December 19, 2010
Truck tonnage was essentially flat in November compared with October, according to data released by the American Trucking Associations. Following a cumulative 2.8 percent increase over September and October, the ATA’s advance seasonally-adjusted (SA) For-Hire Truck Tonnage index was down 0.1 percent in November.
Volumes at the Port of Los Angeles (POLA) and Port of Long Beach (POLB) were solid year-over-year in November and mixed on a sequential basis.