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Wednesday, December 08, 2010
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) was up 0.2 percent in October, following a1.0 percent gain in September and a 0.6 percent August decline.
The company said it has reduced transit times in more than 500 lanes connecting Toronto and Montreal to dozens of cities and regions in the United States. And it added that these efforts will enable cross-border LTL shippers to achieve various improvements in their supply chains.
Posted on 12/08 at 07:18 AM
Tuesday, December 07, 2010
In a move that at first glance may seem “counter intuitive,” officials from the Port of Long Beach and the Panama Canal Authority have agreed to a series of efforts to promote more trade between Latin America and the U.S.
Posted on 12/07 at 06:40 PM
The most recent Ceridian-UCLA Pulse of Commerce Index (PCI) was up 0.4 percent in November, marking its first sign of positive growth in four months. The PCI was down 0.6 percent in October and 0.5 percent and 1.0 percent in September and August, respectively.
November rail volumes were up compared to the same period in 2009, according to data released by the Association of American Railroads (AAR). The AAR reported that monthly rail carloads for November—at 1,137,626—were up 4.5 percent year-over-year.
Diesel prices were up for the first time in three week, rising 3.5 cents to $3.197 per gallon for the week of December 6, according to data from the Department of Energy’s Energy Information Administration (EIA).
Monday, December 06, 2010
FedEx recently announced it will up its rates for its FedEx Ground and FedEx Home Delivery units by an average of 4.9 percent, which will take effect on January 3, 2011.
Posted on 12/06 at 02:06 PM
Jerry Hempstead •
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, and freight transportation forecasting firm and consultancy FTR Associates indicated that preliminary data for Class 8 trucks is showing signs of very positive growth.
The White House announced late last week that the United States and Korea have reached a resolution regarding issues relating to the U.S.-Korea trade agreement. White House officials said that the agreement is an integral part of President Obama’s efforts to increase opportunities for U.S. businesses, farmers, and workers through improved access for their products and services in foreign markets and also supports the Administration’s goal of doubling U.S. exports by 2015.
The future of two of the few remaining ocean carrier cartels may be determined when the Federal Maritime Commission meets this week.