Wednesday, August 08, 2012
The BTS said that the June Freight TSI at 109.5 is 16.1 percent higher than April 2009’s low point of 94.3 during the recession and is down 3.9 percent from the December 2011 reading of 114.0, which represents the all-time high since BTS first began collecting data in 1990.
The heading of the July Cass Freight Index Report from Cass Information Systems, “Slow growth in freight; slow growth in the economy,” aptly sums up the current freight environment, which continues to flatten out and lack true signs of growth.
Tuesday, August 07, 2012
Second quarter intermodal loadings—at 3,716,321—were up 5.2 percent annually and IANA officials said it marks the best quarterly result in a year, with the annual growth rate topping the first quarter’s 2.9 percent gain.
Posted on 08/07 at 01:09 PM
Logistics Management spoke with XPO Logistics CEO and Chairman Bradley S. Jacobs about his company's second quarter earnings results.
Posted on 08/07 at 11:09 AM
XPO Logistics •
The price per gallon saw a 5.4 cent gain to $3.85 per gallon, and prices have risen a cumulative 20.2 cents over the last five weeks.
Posted on 08/07 at 09:17 AM
Diesel Prices •
Monday, August 06, 2012
As noted in today’s news, utilization levels of vessels on the Transpacific route have averaged only 73 percent, “given in good faith but without guarantee.”
Posted on 08/06 at 07:49 PM
Ocean Cargo •
Ocean cargo carriers are running out of options to hold down capacity, said analysts for Alphaliner.
Non asset-based 3PL remains active on the acquisition front.
Posted on 08/06 at 09:55 AM
Freight transportation forecasting firm FTR Associates recently reported that its preliminary data for July Class 8 truck net orders hit its lowest level since August 2010.
On August 22, the ILA said its union’s negotiating sub-committee, known as the 20-member committee, meets with the employer's smaller negotiating committee in Delray Beach, Florida. And it added that the ILA and USMX have scheduled three days of meetings with this committee on August 22-24 and will likely call full Wage Scale meetings in early September.
Posted on 08/06 at 08:05 AM