Tuesday, October 19, 2010
Class I railroad carrier Union Pacific this week officially opened its 785-acre, nearly $370 million Joliet, Illinois Intermodal Terminal. Construction on the $370 million terminal began in August 2008, with phase one completed this past August. It is located five miles south of I-80 and seven miles east of I-55.
Posted on 10/19 at 09:05 AM
Union Pacific •
The average price per gallon of diesel gasoline remained above the $3 per gallon for the third straight week, according to data released this week by the Department of Energy’s Energy Information Administration. For the week of October 18, the EIA reported that average diesel prices are $3.073 per gallon, a 0.7 cent increase from the week of October 11.
Posted on 10/19 at 08:34 AM
Diesel Prices •
After nine months of steady recovery, California’s merchandise export trade showed signs of faltering in August.
Posted on 10/19 at 07:28 AM
Monday, October 18, 2010
Express delivery and logistics services provider DHL Express announced today it is taking further steps to leverage its international scope and reach by rolling out a new section of its Time Definite import and express services.
Posted on 10/18 at 01:23 PM
Time Definite •
YRCW expects third quarter positive adjusted EBITDA with a range of $42 million to $46 million, and for the second and third quarters YRCW expects cumulative adjusted EBITDA within a range of $82 million-to-$86 million, topping the $50 million covenant level required as part of its credit agreement.
Posted on 10/18 at 09:46 AM
YRC Worldwide •
September retail sales showed slight gains, according to data released by the United States Department of Commerce and the National Retail Federation (NRF).
Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of global manufacturers shipping to the United States fell in September, following modest gains the past two months.
Posted on 10/18 at 08:28 AM
Josh Green •
Last week, AASHTO unveiled a proposal for Congress that it said would “convert the federal tax on gasoline and diesel fuel from a cents-per-gallon basis to a percentage basis, a mechanism that could raise revenues to pay for greater highway and transit investment if the price of fuel rises in future years.”
Posted on 10/18 at 07:45 AM
Gasoline Tax •
Friday, October 15, 2010
Transportation interests are bracing—hoping might be a better word—for a flip in control of Congress as the mid-term elections approach with much anticipation in Washington and various state capitals. Trucking and rail, in particular, are watching the upcoming elections with high interest as their industries would be most affected by any tilt toward Republican control.
Posted on 10/15 at 11:37 AM
Railroad volumes for the week ending October 9 remained consistent with previously solid weeks and were up year-over-year, according to data released by the Association of American Railroads (AAR). Carload volume at 297,029 was up 8.8 percent year-over-year. This was down slightly compared to the week ending October 2, which hit 299,394 carloads and the week ending September 25 at 300,908 carloads and the week ending September 18 at 304,679 carloads.
Posted on 10/15 at 11:21 AM