All News Entries
Tuesday, November 04, 2014
Diesel prices dropped again this week, with the Department of Energy’s Energy Information Administration (EIA) reporting that the average price per gallon fell 1.2 cents to $3.623 per gallon.
Weekly diesel prices have failed to see a single increase since the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon, a span stretching 19 weeks.
Posted on 11/04 at 09:52 AM
Monday, November 03, 2014
A conference call hosted by investment firm Stifel Nicolaus last week that featured Dave Osiecki, Executive Vice President & Head of Advocacy at the American Trucking Associations (ATA) provided a detailed insight into the overall outlook for the trucking industry in terms of regulations and politics that can impact the industry going forward.
Posted on 11/03 at 03:08 PM
Despite assurances that The International Longshore & Warehouse Union (ILWU) has been negotiating in good faith for a new contract, the ports of Seattle and Tacoma are reporting labor “slowdowns” in recent weeks.
Posted on 11/03 at 03:06 PM
The PMI, the ISM’s index to measure growth, headed up 2.4 percent to 59.0 in October (a PMI of 50 or greater represents growth), which erased the 2.4 percent decline in September’s PMI. October’s PMI matched August’s 59.0, which was just off its highest reading since March 2011’s 59.1.
Posted on 11/03 at 02:10 PM
Friday, October 31, 2014
Intermodal units, at 278,767 containers and trailers were up 6.7 percent compared to the same week last year and marks the third best week for intermodal ever recorded based on AAR’s data.
Posted on 10/31 at 11:15 AM
LM Group News Editor Jeff Berman recently conducted a wide-ranging interview with Bobby Harris, President and CEO of non asset-based 3PL BlueGrace Logistics about various aspects of the freight transportation market.
It’s small, but senior brass at YRC Worldwide will take it. After nearly seven years of continuing losses in excess of $2.6 billion, the parent of the nation’s second-largest LTL carrier posted a narrow net profit in the third quarter ended Sept. 30.
Posted on 10/31 at 08:46 AM
Thursday, October 30, 2014
As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.
Posted on 10/30 at 11:03 AM
Wednesday, October 29, 2014
Earlier this week, FedEx said it is expanding its International First service for early deliveries with the addition of 31 new origin countries, which will bring the total number of origin markets for the service to 97.
Monday, December 22 is pegged as UPS's peak delivery day, as the company expects to deliver more than 34 million packages that day, adding that it expects to see six days in December top last year’s peak shipment day delivery record of 31 million packages.
Posted on 10/29 at 09:43 AM