All News Entries
Tuesday, August 05, 2014
The average price per gallon of diesel gasoline fell for the fifth straight week, according to the Department of Energy’s Energy Information Administration (EIA). Falling 0.5 cents to $3.853 per gallon, this decline follows declines of 1.1 cents, 2.5 cents, 1.9 cents, and 0.7 cents, respectively, for a cumulative 6.5 cent decline during that period.
Posted on 08/05 at 08:56 AM
Monday, August 04, 2014
Matson, Inc. reported “another solid quarter,” benefitting from higher freight yields in transpacific trade lanes, improved lift volumes at their terminals, and continuing improvements in logistics.
Posted on 08/04 at 02:16 PM
When it comes to efficient and effective planning for Peak Season, transportation and logistics bellwether UPS is leaving no stone unturned.
Posted on 08/04 at 11:15 AM
Peak Season •
Friday, August 01, 2014
The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.
Posted on 08/01 at 01:15 PM
YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.
Posted on 08/01 at 11:38 AM
YRC Freight •
Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809
Posted on 08/01 at 07:50 AM
Thursday, July 31, 2014
Lyon, France-based Norbert Dentressangle, a $5.5 billion global third-party logistics (3PL) services provider focused on global logistics, transport, ocean, and air services, said today it has acquired Des Moines, Iowa-based Jacobson Companies, a value-added warehousing (VAW) company, for $750 million from private equity firm Oak Hill Capital Partners.
Even though not all publicly-traded less-than-truckload carriers (LTL) have posted second quarter earnings yet, the early consensus for those that have issued results is looking very good.
Posted on 07/31 at 10:39 AM
Wednesday, July 30, 2014
Following the lead of its Congressional Colleagues in the House of Representatives, the United States Senate yesterday approved a measure geared to keep federal surface transportation funding intact through December 20 with a nearly $11 billion stopgap fix.
Posted on 07/30 at 11:41 AM
XPO Logistics announced second quarter earnings and the acquisition of two companies, New Breed Logistics, a non asset-based 3PL focusing in contract logistics services, for roughly $615 million, and Atlantic Central Logistics, a 3PL provider of last-mile logistics services, for roughly $36.5 million.
Posted on 07/30 at 10:39 AM