Monday, December 13, 2010
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, suggests that various factors are contributing to what could be a strong outlook for commercial vehicle demand in over the next few years.
The United States House of Representatives last week voted to extend federal highway and transit funding in the form of a continuing resolution for another nine months, running from January 1, 2011-September 30, 2011. This measure was part of a $1.2 trillion federal spending bill, which will now head to the Senate for approval.
Posted on 12/13 at 10:26 AM
Friday, December 10, 2010
To no one’s surprise, The National Industrial Transportation League (NITL) announced its profound disappointment late last week in the Federal Maritime Commission?s (FMC) conclusions reached in the agency’s “Fact Finding Investigation No. 26.
In a sign that the White House’s push to increase United States export activity is gaining some traction, data released by the Department of Commerce stated that total October exports of $158.7 billion and imports of $197.4 billion resulted in a goods and services deficit of $38.7 billion.
Following the recent news that TNT, the fourth largest global parcel operator, plans to sell off its Express unit, media reports out of Europe indicate that UPS will not be a potential buyer of the unit. UPS Chief Financial Officer Kurt Kuehn told a German newspaper, the Boersen-Zeitung, that the UPS does not intend to make any large acquisitions in the future.
Posted on 12/10 at 10:05 AM
DPWN DHL •
The Association of American Railroads (AAR) reported that railroad volumes for the week ending December 4 were up on an annual basis. Carload volume at 303,570 was up 6.8 percent compared to the same period in 2009 and were up significantly compared to the 254,121 recorded during Thanksgiving week.
Thursday, December 09, 2010
While the Federal Maritime Commission failed to implement any significant reform, it did address ongoing concern over cartel pricing in the transpacific yesterday.
In case you did not know this, shortly before Thanksgiving, one LTL heavyweight decided to sue, make that counter-sue, another.
The two parties involved here: ABF Freight Systems and YRC Worldwide. As reported on this Website, ABF signaled its intent to take legal action against the International Brotherhood of Teamsters, various subsidiaries of YRC Worldwide and other entities, following a ratified labor agreement by YRCW Teamsters members.
Posted on 12/09 at 02:21 PM
ABF Freight •
Freight transportation and logistics services provider Ryder System said it has inked an agreement to acquire Total Logistic Control, a subsidiary of SUPERVALU and a provider of supply chain services for shippers in the food, beverage, and consumer packaged goods sectors.