All News Entries
Tuesday, July 26, 2011
The American Trucking Associations (ATA) reported today truck tonnage took a step in the right direction, snapping two months of declines, with a 2.8 percent increase in its advance seasonally-adjusted (SA) For-Hire Truck Tonnage index in June.
The average price per gallon for diesel increased 2.6 cents to $3.949 per gallon.
Compared to the second quarter of 2010, which saw a 71 percent annual gain in earnings per share for UPS, this year’s second quarter might be viewed as being pale in comparison. But a close look at the numbers points to another strong earnings performance for Big Brown.
Monday, July 25, 2011
With the recent news of rate increases being implemented by large less-than-truckload companies come various reasons behind these increases. At the top of the list for many carriers are equipment expenses and the costs related to hiring and training drivers. LM Group News Editor Jeff Berman recently had the opportunity to chat with A. Duie Pyle President of Steve O’Kane about these factors.
Less than a month after reports indicated that Deutsche Bahn was considering shuttering its United States-based DB Schenker Logistics, a third-party logistics, trucking, and airfreight services provider, Schenker Inc. said late last week it is making significant changes to its North American business model.
Friday, July 22, 2011
A new white paper from global real estate firm Jones Lang LaSalle points to the increasing importance of inland ports as a critical link in the global supply chain.
There is new optimism, fresh capital and a familiar face at the wheel of financially ailing LTL giant YRC Worldwide as it hopes to end a five-year slump in which it has lost in excess of $2.6 billion, and tries to shed its infamous title of biggest money-loser in the history of trucking.
Rail traffic was mixed for the week ending July 16, according to data released by the Association of American Railroads (AAR).
FTR Associates reported that while business conditions remain largely uncertain, things are improving for shippers.
Thursday, July 21, 2011
The ongoing drama at the Port of Long Beach took another turn this week when a federal judge ruled that the port made a crucial mistake three years ago by modifying its clean trucks program as part of a settlement with the American Trucking Associations