Thursday, December 01, 2011
Driven by the boom in shale oil production from the Bakken formation that straddles the Montana/North Dakota border, U.S. oil production has climbed steadily since 2008 after declining for 22 of the previous 23 years. This fact alone might lead logistics professionals to the conclusion that price relief is just around the corner. Well, it isn’t.
Wednesday, November 30, 2011
Less-than-truckload transportation services provider YRC Worldwide announced that effective Friday, December 2 it will implement a 1:300 reverse split of YRC common stock.
Posted on 11/30 at 04:25 PM
YRC Worldwide •
Pricing across the transportation modes
In a filing with the United States Court of Appeals, District of Columbia Circuit yesterday, the Federal Motor Carrier Safety Administration (FMCSA) stated it will roll out its new proposed truck driver Hours-of-Service (HOS) rules within 30 days.
Posted on 11/30 at 12:54 PM
Even though the calendar says it is November 30, this atypical balmy weather in the Northeast is making me feel it is more like May 30. And given this unusual, but welcome, climate, it seems appropriate that the United Nations Framework Convention on Climate Change (UNFCC) is convening this week in Durban, South Africa to discuss a global response to climate change.
Posted on 11/30 at 09:55 AM
“Resilient” truckload carriers, enjoying a strong rate environment, fret over driver availability, equipment costs, and general economic malaise as they plot their course for 2012 and beyond.
Tuesday, November 29, 2011
With the clock winding down, the ongoing dispute between railroad management and labor over contractual issues largely focused on health care and economic issues remains in flux.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 13.8 percent in September 2011 compared to September 2010, hitting $77.7 billion.
As freight transportation volumes are primarily showing flat or modest growth levels, intermodal still is showing very strong growth prospects, with the very likely possibility that the drivers for future intermodal gains are very promising.
As soon as the price per gallon for diesel eclipsed the $4 per gallon mark a week ago, it went back below $4, with a 4.6 cent decline to $3.964 per gallon, according to data from the Department of Energy’s Energy Information Administration (EIA).
Posted on 11/29 at 09:45 AM
Diesel Prices •