Tuesday, October 26, 2010
Following a July announcement stating that ATC Corporation, a provider of logistics and remanufacturing services for the high-tech and automotive services had entered into a definitive agreement to be acquired by third-party logistics (3PL) services provider Genco Distribution System for $512.6 million, the deal has now been made official.
Posted on 10/26 at 10:21 AM
ATC Technologies •
The spot market is continuing an impressive run in 2010, according to data in the TransCore North American Freight Index. In August, TransCore reported that spot market freight availability was up 65 percent in September year-over-year, with September hitting its highest spot market level since 2005, which TransCore said was a peak year for spot market volume.
Posted on 10/26 at 09:11 AM
Spot Market •
The average price per gallon of diesel gasoline remained above the $3 per gallon for the fourth straight week, according to data released this week by the Department of Energy’s Energy Information Administration. For the week of October 25, the EIA reported that that the average price per gallon of diesel fuel is $3.067 per gallon, a 0.6 cent decline from the week of October 18
Monday, October 25, 2010
As part of their commitment to environmental stewardship, Hamburg Süd and Aliança have decided to extend their tests with low-sulphur fuels to include Asia.
Goods throughput in the port of Rotterdam increased over the first nine months of 2010 by 13.4 percent to 321 million tons.
Posted on 10/25 at 02:07 PM
The board of directors of the Export-Import Bank of the United States have approved a $917 million export finance guarantee to support U.S. exports from Bucyrus International
Earlier today, the United States Environmental Protection Agency and the United States Department of Transportation rolled out the first of its kind national standards to reduce greenhouse gas (GHG) emissions and improve fuel efficiency of heavy-duty trucks and buses. DOT and EPA officials said that this effort is projected to reduce GHG emissions by nearly 250 million metric tons and save 500 million barrels of oil over the lives of the vehicles produced within the program’s first five years.
Posted on 10/25 at 12:36 PM
Recent data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicates that net orders of heavy-duty Class 8 commercial vehicles—at 15,231—were up 37 percent year-over-year in September. This output follows a 15 percent annual bump in August.
At a time when capacity across all modes of freight transportation is tightening, coupled with a slower-than-hoped-for economic recovery, many logistics, supply chain, and transportation managers responding to a Logistics Management survey report they are expecting to pay higher rates throughout the remainder of 2010 and into 2011.
Friday, October 22, 2010
As five leading U.S. trucking companies are calling for federal regulations that would require all interstate trucking companies to install electronic on-board recorders (EOBRs) on all their trucks to verify legal duty status of their drivers, their customers are being urged to make changes as well.
Posted on 10/22 at 12:21 PM