All News Entries
Monday, May 09, 2011
As has been the case in recent weeks, rail carload and intermodal volumes were somewhat mixed in April, according to data from the Association of American Railroads (AAR). April rail carloads—at 1,117277—were down 0.2 percent compared to April 2010 and up 2.5 percent compared to March 2011 on a seasonally-adjusted basis
Actual dollar amounts are short of desired legislative levels for transportation infrastructure. And with the Federal Government repeatedly showing little or no interest in increasing the gasoline tax, the current primary funding source, it stands to reason that funding will remain an obstacle for the foreseeable future.
Friday, May 06, 2011
While the legislative draft, entitled the “Transportation Opportunities Act,” is reported to have been written by the White House, Administration officials have not definitely said it originated there, according to media reports.
While the Cass data showed growth in February and March following three months of decreases, April was relatively flat on a sequential basis. April shipments at 1.113 were up 12.3 percent annually and 0.45 percent compared to March’s 1.108, with shipments above for the 1.0 mark for the 11th straight month going back to May 2010’s 1.014 breaking the 1.0 level for the first time since November 20008.
Earlier today, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported a $102 million net loss in the first quarter and a $2.14 loss per share. Despite the losses, company officials said this represented an improvement over the first quarter of 2011, which saw a net loss of $274 million and $13.15 per share.
In keeping with its aggressive march in global forwarding, Crane Worldwide Logistics has reached another milestone, reports Kewill, a major software provider.
Carload volume—at 295,347—was flat on an annual basis, and intermodal volumes for the week ending April 30 at 229,677 trailers and containers were up 7.8 percent year-over-year.
Thursday, May 05, 2011
First quarter earnings for Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, saw total revenue-at $129.4 million-increase by 45.3 percent compared to the first quarter of 2010.
ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said this week that a preliminary reading of heavy-duty Class 8 commercial vehicles net orders for North American markets hit 32,800 units in April.
FedEx subsidiary FedEx Trade Networks, the company's global trade arm, said this week that it is continuing its global expansion efforts with the opening of five new offices in its Europe, Middle East, and Africa (EMEA) region.