Wednesday, June 08, 2011
Freight transportation and logistics services provider Ryder System said today it has acquired Hill Hire plc, a Bradford, England-based provider of commercial truck leasing, rental, and maintenance services, and an independently run and wholly owned subsidiary of Lloyds Banking Group.
The PCI has not seen growth since being up 2.7 percent in March and has been down sequentially in eight of the last 12 months. And it was flat year-over-year, snapping a streak of 17 consecutive months of annual growth.
Tuesday, June 07, 2011
In a move to contain costs and sustain service, the West Coast MTO Agreement announced it will raise the current Traffic Mitigation Fee at the Ports of Los Angeles and Long Beach.
NS officials said the $97.5 million facility is part of the $2.5 billion Crescent Corridor initiative, which aims to establish an efficient, high-capacity intermodal freight rail route between the Gulf Coast and the North East. This facility, which is located on a 316-acre site in McCalla, Alabama, is expected to open in late 2012.
Port of Los Angeles spokesmen said that half a dozen motor carriers are now being investigated for not honoring contracts providing cash incentives for the operation of “clean trucks.”
Posted on 06/07 at 11:12 AM
Ocean Cargo •
Freight transportation and logistics services provider Averitt Express said this week it is expanding its Lexington, Ky.- and Cincinnati, Ohio-based warehouse operations in an effort to meet shipper needs for flexible shared warehouse space.
Following a cumulative 11.3 cent decline over the last two weeks, diesel prices were up this week, rising 1.4 cents to $3.94 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
The company is replacing a Boeing 757 narrow-body aircraft with a new and larger B-767 wide-body freighter, which increases cargo capacity by 50 percent on UPS’s 19 weekly flights into Central and South America.
Monday, June 06, 2011
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, and freight transportation forecasting firm and consultancy FTR Associates indicated that preliminary data for Class 8 trucks in May is down from a very strong April.
In continuing the theme from its previous report, today’s release of the Cass Information Systems Freight Index showed that a moderation in freight volumes is still intact.