All News Entries

Tuesday, April 30, 2013

The average price per gallon fell 3.6 cents to $3.851 per gallon.

Monday, April 29, 2013

Four out of five executives surveyed say nearshoring will be an important decision in coming year.

LM Group News Editor interview James Welch, CEO of YRC Worldwide, about the LTL market, the company’s recently approved change of operations for YRC Freight, its national LTL entity, regional LTL, and YRCW’s plans to continue improving its bottom line, among other topics.

A report in the Washington Post published yesterday stated that Charlotte, N.C. Mayor Anthony Foxx will be nominated by President Barack Obama to replace outgoing United States Department of Transportation (DOT) Secretary Ray LaHood.

On top of announcements heralding its first quarter earnings and its brokered deal with union membership last week, transportation and parcel bellwether UPS made inroads on other fronts, too, including its planned acquisition of CEMELOG, Zrt., a pharmaceutical logistics company based in Hungary, and rolling out its plan to purchase roughly 700 liquefied natural gas (LNG) vehicles and build four refueling stations by the end of next year.

Friday, April 26, 2013

UPS said yesterday that it has reached a tentative agreement with the Teamsters on two, new five-year contracts for UPS’s small package and freight business units.

Carload volume—at 276,662—was down 2 percent annually, and intermodal—at 240,698 trailers and containers—was up 0.6 percent.

ATA officials said that seasonally-adjusted tonnage has now shown gains in four of the last five reported months and is up 7.6 percent going back to November 2012.

Thursday, April 25, 2013

U.S. growth projections are particularly high, from a $2.5b market in 2011 to $9b in 2021.

Earlier this week, the United States Postal Service (USPS) said that it is keeping its domestic air services in the hands of FedEx, its current provider, with a seven-year contract for Priority and Express Mail services.