All News Entries
Wednesday, March 14, 2012
With federal funding for surface transportation set to expire on March 31, the Senate took a meaningful step today in looking to the future, signing off on the Senate’s Moving Ahead for Progress in the 21st Century (MAP-21) legislation by a 74-22 margin.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 3.6 percent from December to January.
The SCI dropped 0.2 points in January, the most recent month for which data is available, to -4.8, said FTR. The firm describes the SCI as an indicator that sums up all market influences that affect shippers
Posted on 03/14 at 10:38 AM
FTR Associates •
Class I railroad carrier CN said this week it has introduced new import/export container train services between the Port of Prince Rupert, British Columbia and Calgary and Edmonton, effective June 2012.
Tuesday, March 13, 2012
The February PCI was up 0.7 percent, but the report’s authors said that was not enough to offset the 1.7 percent decline in January.
Commerce reported that February retail sales at $407.8 billion were up 1.1 percent from January and up 6.5 percent compared to February 2011. The NRF reported that February retail sales, which exclude autos, gas stations, and restaurants, were up 0.5 percent on a seasonally-adjusted basis from January and up 8.6 percent on an unadjusted basis annually.
Following a projected 6.8 percent annual decline in import cargo volume for February, the monthly Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for a 10 percent annual gain for March.
The price per gallon increased 2.9 cents to $4.123 per gallon, marking the highest price for diesel since the week of May 2, 2011, when it reached $4.124 per gallon.
Posted on 03/13 at 08:31 AM
Diesel Prices •
Monday, March 12, 2012
Container freight rates in the westbound Asia-Europe corridor increased by 114 percent this week
When the price per gallon of diesel was closer to $5 per gallon and oil barrel prices were nearly touching $150 during the summer of 2008, much was made about the possibility of North American shippers moving manufacturing operations closer to home, also known as nearshoring.