All News Entries
Wednesday, December 03, 2014
October shipments––at 1,260,200–– up 7 percent annually and 1 percent over September’s 1,241,848 and, which matches up with September to October differences in recent years, including a 2 percent increase in 2013, a ten percent increase in 2012 (being the exception), flat growth in 2011, a 2 percent decrease in 2010, and a 3 percent gain in 2009.
Posted on 12/03 at 02:19 PM
The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 59.3 (a reading above 50 represents growth) in November, which was 2.2 percent above October’s 57.1 and 3.3 percent above the 12-month average of 56.
Posted on 12/03 at 12:11 PM
Tuesday, December 02, 2014
This decline comes on the heels of the 3.3 cent drop last week and stands as the lowest average weekly price per gallon since the week of February 21, 2011, when it checked in at $3.573.
Posted on 12/02 at 12:45 PM
Diesel Prices •
In a move geared towards expanding its freight brokerage presence even further, global logistics services provider and freight forwarder C.H. Robinson Worldwide Inc. (CHRW) said yesterday that it has reached an agreement to acquire Kansas City-based Freightquote.com for $365 million. The deal is expected to close in the first quarter of 2015.
Posted on 12/02 at 10:46 AM
Monday, December 01, 2014
The PMI, the ISM’s index to measure growth, declined 0.3 percent to 58.7 in November, with the November PMI 3.1 percent above the 12-month average of 55.6.
Posted on 12/01 at 02:25 PM
Carloads were down 0.3 percent annually at 295,812, and intermodal units, at 269,373 containers and trailers saw a 0.7 percent annual gain.
Tuesday, November 25, 2014
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 8.2 percent from September 2013 to September 2014 at $102.2 billion.
Posted on 11/25 at 12:26 PM
NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.
This follows a 1.6 cent decrease last week, which was preceded by a 5.4 gain the week before and stands as the first increase going back to the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon.
Posted on 11/25 at 09:23 AM
Diesel Prices •
Monday, November 24, 2014
BNSF said that its 2015 capital expenditures will be allocated towards various areas of its business, including maintenance and expansion of the railroad to meet the expected demand for freight rail service, with 2015 representing the third straight year BNSF has invested a record annual capital expenditures investment.