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Thursday, June 30, 2011
A new piece of legislation introduced by Congressmen Russ Carnahan (D-MO) and Frank Guinta (R-NH) is focused on addressing fraud-related issues in the freight transportation marketplace.
Rising prices and other inflationary pressure could reduce corporate profits by up to 9 percent in 2011 and 2012
Wednesday, June 29, 2011
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 12.1 percent in April 2011 compared to April 2010, coming in at $73.8 billion.
Data published this week by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicated that total U.S. trailer net orders dipped for the second straight month, falling 9 percent in May.
Tuesday, June 28, 2011
Not surprisingly, the primary concern among small to medium-sized businesses, is the economy
Taking steps to further leverage a relationship that has been intact since 2003, UPS and global pharmaceutical giant Merck said today they are expanding their distribution and logistics agreement on more of a global supply chain basis.
Two weeks after the price per gallon of diesel fuel was up for the first time in more than a month, diesel saw its second straight weekly decline, falling 6.2 cents to $3.888 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 06/28 at 10:13 AM
Monday, June 27, 2011
This decline continues a trend of uneven freight transportation volumes amid various economic indicators showing signs that the economic recovery has lost its footing in recent weeks especially.
The report stated that Deutsche Bahn management is considering restructuring Schenker’s U.S. business but added a withdrawal is more possible. And it added that Schenker management was due to deliver a business update by mid July and Deutsche Bahn executives plan to take a decision on the future of its U.S. business by the end of the year, possibly as early as August.
While there is a current moderation in freight volumes, the consensus from a Transport Capital Partners (TCP) survey appears to be that this moderation will not be lasting, with 80 percent of survey respondents indicating volumes will increase within the next 12 months.