Friday, October 12, 2012
Pricing on the truckload and intermodal fronts was largely flat on an annual basis, according to the September edition of the Truckload and Intermodal Cost Indexes from Cass Information Systems and Avondale Partners.
Twelve of 13 indexes decrease, pointing to abundant uncertainty and continued softening of industrial base
Posted on 10/12 at 08:49 AM
Carload volume—283,440—was down 6.3 percent compared to the same week a year ago, and intermodal volumes at 251,113 trailers and containers were up 3.8 percent annually.
Posted on 10/12 at 08:39 AM
Thursday, October 11, 2012
While executives in the container-shipping industry would probably like to forget 2011, the resiliency of industry players will prove itself once again, said analysts at the Boston Consulting Group.
FedEx is expecting nearly $1.6 billion of the planned $1.7 billion in profitability improvements to come from its Express division, according to the Wall Street Journal.
Posted on 10/11 at 12:54 PM
The BTS said that the August Freight TSI at 109.0 is 15.6 percent higher than April 2009’s low point of 94.3 during the recession and is down 4.4 percent from the December 2011 reading of 114.0.
Damco said that the addition of PacNet improves its platform in both the North Asia and Asia Pacific regions.
Freight transportation and logistics services provider Averitt Express recently rolled out faster less-than-truckload (LTL) transit times from Atlanta to the Midwest and West Coast through two new lanes from The Reliance Network (TRN), a consortium of regional less-than-truckload (LTL) carriers.
Wednesday, October 10, 2012
ABF Freight System, the nation’s sixth-largest less-than-truckload (LTL) carrier, and a subsidiary of Arkansas Best Corporation, said it plans to begin negotiations on a new collective bargaining agreement with the Teamsters National Freight Industry Negotiating Committee, the negotiating unit of the International Brotherhood of Teamsters, on December 18.
Posted on 10/10 at 12:32 PM
ABF Freight •
This week, the company made some of its cost reductions plans public, rolling out a goal of an annual profitability improvement of $1.7 billion during the next three years, with a majority of the benefits to be achieved by fiscal 2015.
Posted on 10/10 at 10:50 AM