Wednesday, October 13, 2010
The average price per gallon of diesel gasoline remained above the $3 per gallon for the second straight week, according to data released this week by the Department of Energy’s Energy Information Administration. For the week of October 11, the EIA reported that average diesel prices are $3.066 per gallon, representing a 6.6 cent increase from the week of October 4.
Building on the momentum which occurred over the first two quarters of the year, Class I railroad carrier CSX reported record third quarter results earlier today. Third quarter earnings for the Jacksonville, Fla.-based company at $414 million and $1.08 per share (beating Wall Street estimates of $1.04 per share) were up 48 percent compared to the third quarter of 2009, which had revenues of $290 million and $0.73 per share.
Posted on 10/13 at 08:39 AM
Michael Ward •
Tuesday, October 12, 2010
As was the case in August, September rail volumes were mixed when compared to the last two years, according to data released by the Association of American Railroads (AAR). The AAR reported that monthly rail carloads for September—at 1,487,511—were up 7.7. percent from September 2009 and down 7.5 percent from September 2008. The weekly September average of 297,502 carloads hit its highest level since October 2008, said the AAR. September carloads were 1.9 percent higher than September 2009.
Posted on 10/12 at 10:34 AM
The need to further invest and upgrade United States transportation infrastructure continues to receive a fair amount of attention lately, with President Barack Obama yesterday saying more needs to be done to rebuild America’s infrastructure.
Monday, October 11, 2010
Class I railroad carrier CSX, the state of New Jersey and the Port of New York and New Jersey recently heralded the opening of the Liberty Corridor Freightway, a major public-private partnership that provides expanded access to the Port of New York and New Jersey. The corridor, according to CSX will enable double-stack intermodal freight to move from the port to inland destinations, increase train capacity, improve service levels and expedite freight flows to and from inland ports.
As the year goes on, import cargo volumes at U.S.-based retail container ports are expected to decline on a sequential basis but remain up on an annual basis, according to the most recent Port Tracker report by the National Retail Federation (NRF) and Hackett Associates.
The outlook appears mixed, said Thomas K. Sanderson, Transplace president and CEO, in an exclusive interview.
Posted on 10/11 at 09:02 AM
Friday, October 08, 2010
Taking steps to keep pace with its global rivals, UPS is aiming to set up domestic service in China, according to a recent Financial Times report. According to the FT, UPS recently submitted an application for a domestic license to the China State Post Bureau, a local regulator, in order to offer shippers in China domestic next-day delivery service and second and third day delivery products.
Posted on 10/08 at 01:44 AM
While no 2010 weekly volume figures were broken, railroad volumes for the week ending October 2 remained consistent with previously solid weeks, according to data released by the Association of American Railroads (AAR).
Posted on 10/08 at 12:15 AM
Thursday, October 07, 2010
The DOT proposal to grant antitrust immunity to two air carrier alliances for services between the United States and Japan was greeted warmly by shippers yesterday
Posted on 10/07 at 11:12 AM