All News Entries
Thursday, July 16, 2015
June freight shipments—at 1.160—picked up where May left off in posting its highest level of the year, topping May by 0.2 percent and down 3.4 percent compared to June 2014. This gain comes at a time when the economy shows signs of “weakening,” according to the report.
With roughly two weeks until the most recent short-term extension for the federal surface transportation authorization expires, things have been brewing in both the House and Senate, with an eye on both the short-term and the long-term prospects of keeping surface transportation authorization.
For the month of June, the state of truckload and intermodal freight rates was again mixed, according to the most recent edition of the Truckload and Intermodal Cost Indexes from Cass Information Systems and Avondale Partners.
New evidence that U.S. West Coast ports are losing market share to ports in the East and some Gulf regions surfaced in a new report issued by Zepol, a global trade and intelligence provider.
Posted on 07/16 at 08:10 AM
Global Trade •
Wednesday, July 15, 2015
Quarterly operating income at $1.017 billion rose 2 percent, and quarterly revenue at roughly $3.06 billion was down 6 percent, and operating ratio for the quarter dropped to 66.8 for a new all-time record.
Posted on 07/15 at 12:37 PM
Even with some declines, data issued this week by the American Trucking Associations (ATA) still makes it clear that the annualized turnover rates for truck drivers still remains high.
Posted on 07/15 at 10:26 AM
driver turnover •
Transportation and logistics bellwether UPS said this week it has expanded its UPS Preferred multimodal freight services portfolio with the introduction of a less-than-container load (LCL) option for China-to-Europe rail shipments.
Posted on 07/15 at 09:35 AM
The cost and the pain of the U.S. West Coast congestion were so high that many shippers will definitely re-route a portion of their Asian freight volume to the Gulf, East Coast ports and the Canadian ports.
Tuesday, July 14, 2015
Momentum created by decent retail sales growth in May did not carry over into June, with sales showing unexpected declines, according to data issued today by the United States Department of Commerce and the National Retail Federation.
This marks the seventh straight weekly drop during which time the average price per gallon has dropped, with the cumulative decline at 9.5 cents. And it also marks the longest period of weekly declines to date in 2015 as well.
Posted on 07/14 at 10:04 AM
Diesel Prices •