Wednesday, May 09, 2012
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) dipped 0.8 percent from February to March.
Shippers need to brace for sharply higher trucking rates because of steadily rising truck fleet costs that range from rolling stock to drivers to fuel while productivity levels are under threats from increased government regulation, top carrier officials are saying.
Posted on 05/09 at 11:11 AM
The nation’s sharply divided political landscape is harming the country because of Congress’s inability to pass a long-term highway bill and its unwillingness to raise federal fuel taxes. That’s the word from Bill Graves, president and CEO of the American Trucking Associations.
In its 2012 Semiannual Economic Forecast, which is based on feedback from U.S.-based purchasing and supply chain executives, manufacturing and non-manufacturing sectors are expected to leverage the solid levels for various metrics each has been seeing over the last several months.
Transportation and logistics bellwether UPS announced this week that it has expanded its UPS Express Freight service into Nicaragua and Honduras.
Tuesday, May 08, 2012
Cartel spokesmen say U.S. consumer spending and retail sales trends are on the uptick confirming carrier forward bookings
First quarter deal value—for deals valued at $50 million or more—was $22.6 billion and represents 34 announced deals with an average deal value of $700 million.
Reversing a trend which occurred in February and March, cost growth outpaced shipment growth, according to data in the most recent edition of the Cass Freight Index report.
Gradual economic growth patterns continue to be the norm based on data released in the most recent edition of the Port Tracker report by the National Retail Federation (NRF) and Hackett Associates.
In the up and down pattern of energy prices, diesel prices are seeing the latter, with the price per gallon falling 1.6 cents to $4.057 per gallon, according to data from the Department of Energy’s Energy Information Administration (EIA).
Posted on 05/08 at 08:15 AM
Diesel Prices •