All News Entries
Tuesday, May 07, 2013
Even though the economy is clearly not running on all cylinders, things are better than they were just a few years ago, especially in related supply chain, freight transportation and logistics sectors. And as things slowly get better, pricing has returned to the forefront as a balancing act between shipper and carrier relations. That was a main takeaway at the CEO Panel of the recently-concluded NASSTRAC Annual Conference in Orlando, Fla.
DAT said that first quarter sport market freight volumes were up 7.7 percent annually and 11 percent ahead of the fourth quarter of 2012.
Posted on 05/07 at 10:06 AM
The average price per gallon—at $3.845—fell 0.6 cents, which was three cents less than last week’s 3.6 cent decline, which was preceded by declines of 5.5 cents and 1.6 cents the previous two weeks.
Posted on 05/07 at 08:09 AM
Diesel Prices •
Monday, May 06, 2013
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Posted on 05/06 at 10:42 AM
A little more than a month after ABF Freight System, the seventh-largest less-than-truckload (LTL) carrier by revenue, and the International Brotherhood of Teamsters said they secured a 30-day extension for the National Master Freight Agreement, ABF said on Friday that the ABF and Teamsters negotiating teams have reached a tentative agreement on a contract for the next five years.
Posted on 05/06 at 09:19 AM
Friday, May 03, 2013
The ISM’s monthly Non-Manufacturing Report on Business stated that the index used by the ISM to measure non-manufacturing growth—known as the NMI—was 53.1 in April, falling 1.3 percent from March. Despite the decline, though, non-manufacturing activity increased for the 40th consecutive month.
Posted on 05/03 at 12:47 PM
Following February’s announcement that it had achieved a positive annual operating income in 2012 for the first time in six years, the Overland Park, Kan.-based carrier said today it had a positive first quarter operating income—also for the first time in six years.
Posted on 05/03 at 11:53 AM
YRC Worldwide •
YRC Freight •
On the heels of a positive performance in March, the April edition of the Cass Freight Index from Cass Information Systems Inc. showed that the solid trends evidenced in March did not carry over into April.
Posted on 05/03 at 10:38 AM
April carloads—at 1,108,722—were down 4,640 carloads or 0.4 percent annually. Intermodal—at 962,019 trailers and containers—was up 15,053 units or 1.6 percent compared to April 2012.
Posted on 05/03 at 07:25 AM
Thursday, May 02, 2013
CEVA said that it will reduce its consolidated net debt by more than $1.7 billion ($1.3 billion euros) and its annual cash interest expense by more than $170 million ($130 million euros) and also receive a capital infusion of a minimum of $301 million ($230 million euros) for investment in its business plan.
Posted on 05/02 at 12:37 PM
Global Logistics •