Tuesday, May 08, 2012
In the up and down pattern of energy prices, diesel prices are seeing the latter, with the price per gallon falling 1.6 cents to $4.057 per gallon, according to data from the Department of Energy’s Energy Information Administration (EIA).
Posted on 05/08 at 08:15 AM
Diesel Prices •
Evergreen Group chairman Dr. Yung-Fa Chang honored in Japan with Order of the Rising Sun, Gold and Silver Star
Monday, May 07, 2012
While the freight economy is faring better now than it was during the depths of the recession, there are still many hurdles to cross, especially for the less-than-truckload (LTL) industry.
FedEx Freight is seeing continued momentum is on the intermodal side—where it has been increasing its presence and activity since the network re-design went live a little more than a year ago.
Posted on 05/07 at 10:12 AM
In a move designed to drive intermodal drayage efficiencies and provide incremental capacity, freight transportation and logistics services providers Pacer International Inc. and CRST International recently announced they have inked multi-modal dedicated drayage agreements.
Looking at the North America TMS market, ARC said that revenues has bounced back strongly since the end of the recession, with pent-up demand leading to robust growth next year, which will then be declining to historical growth rates.
At a truckload panel at NASSTRAC, two top truckload executives provided a frank and candid assessment of the sector’s travails, and the regulatory and pricing environment, among other topics.
April carloads—at 1,113,105—were down 64,335 carloads or 5.5 percent annually. Intermodal—at 946,951 trailers and containers—was up 32,505 units or 3.6 percent compared to April 2011.
Posted on 05/04 at 08:38 AM
Rail Freight •
Thursday, May 03, 2012
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 53.5 in April, down 2.5 percent from March’s 56.0.