All News Entries
Thursday, May 09, 2013
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 0.3 percent from February to March.
Following a March decision by the Los Angeles Board of Harbor Commissions to recommend approval of Class I railroad carrier BNSF Railway’s Southern California International Gateway (SCIG) project, BNSF received more good news yesterday, when the Los Angeles City Council voted to approve the $500 million project.
Wednesday, May 08, 2013
Non asset-based 3PL XPO Logistics reported first quarter results yesterday and also announced that it acquired Interide Logistics, a freight brokerage business.
First quarter revenue for XPO Logistics—at $114.0 million—was up 155.8 percent annually, and gross margin dollars increased 140.0 percent annually to $16.3 million, with gross margin percentage up 14.3 percent.
Posted on 05/08 at 12:46 PM
XPO Logistics •
While UPS and the Teamsters Union came to a tentative agreement on two, new five-year contracts for UPS’s small package and freight (less-than-truckload) business units last week, one of its key delivery services, UPS SurePost, may be subject to some changes if the deal is formally ratified.
Posted on 05/08 at 08:36 AM
Tuesday, May 07, 2013
Even though the economy is clearly not running on all cylinders, things are better than they were just a few years ago, especially in related supply chain, freight transportation and logistics sectors. And as things slowly get better, pricing has returned to the forefront as a balancing act between shipper and carrier relations. That was a main takeaway at the CEO Panel of the recently-concluded NASSTRAC Annual Conference in Orlando, Fla.
DAT said that first quarter sport market freight volumes were up 7.7 percent annually and 11 percent ahead of the fourth quarter of 2012.
Posted on 05/07 at 10:06 AM
The average price per gallon—at $3.845—fell 0.6 cents, which was three cents less than last week’s 3.6 cent decline, which was preceded by declines of 5.5 cents and 1.6 cents the previous two weeks.
Posted on 05/07 at 08:09 AM
Diesel Prices •
Monday, May 06, 2013
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Posted on 05/06 at 10:42 AM
A little more than a month after ABF Freight System, the seventh-largest less-than-truckload (LTL) carrier by revenue, and the International Brotherhood of Teamsters said they secured a 30-day extension for the National Master Freight Agreement, ABF said on Friday that the ABF and Teamsters negotiating teams have reached a tentative agreement on a contract for the next five years.
Posted on 05/06 at 09:19 AM
ABF Freight •
Friday, May 03, 2013
The ISM’s monthly Non-Manufacturing Report on Business stated that the index used by the ISM to measure non-manufacturing growth—known as the NMI—was 53.1 in April, falling 1.3 percent from March. Despite the decline, though, non-manufacturing activity increased for the 40th consecutive month.