All News Entries
Tuesday, June 28, 2011
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.
Friday, June 24, 2011
The ATA’s Trucking Activity Report said that there was an annualized rate of 75 percent for large truckload fleet driver turnover, representing a 69 percent increase from the fourth quarter of 2010 and a 39 percent annual increase compared to the first quarter of 2010. The first quarter turnover percentage is at its highest level since the second quarter of 2008.
Earlier this week, the Surface Transportation Board (STB) held a public hearing to explore the current state of competition in the railroad industry, as well as possible policy alternatives to facilitate more competition.
Intermodal volumes hit a 2011 high for the second straight week at 237,682 trailers and containers for a 4.3 percent annual gain, topping the week ending June 4 at 237,422 by 260 trailers and containers.
In an effort to combat high oil prices causes by geopolitical issues in the Middle East, the White House and the United States Department of Energy (DOE) said this week that the U.S. and partner nations in the International Energy Agency will release 60 million barrels of oil.
Thursday, June 23, 2011
In its fourth quarter earnings report, Fedex explained its 6 percent y-t-d improvement on strong yield improvement in all transportation segments, as well as volume growth of ground and international express shipments.
Those less-than-truckload (LTL shippers) yearning for an optimistic sign from YRC Worldwide’s four-year bout with bankruptcy and cessation may get a ray of hope from the LTL giant’s resumption of partial payments to its Teamsters’ pension plans after a 23-month hiatus.