Wednesday, April 18, 2012
It is no surprise that when it comes to freight transportation market share, trucking leads the pack. But what can be surprising is by how much of a margin the trucking sector outpaces its freight transportation brethren. This was prominently highlighted in the 2012 edition of the American Trucking Associations “ATA American Trucking Trends,” which the ATA released this week.
Class I railroad carrier CSX last night reported record first quarter earnings of $449 million and $0.43 per share. The earnings per share performance exceeded Wall Street expectations of $0.38 per share and was up 23 percent annually.
It is the fine print, execution and enforcement of the year-old CSA program that is irking trucking industry leaders and officials.
Posted on 04/18 at 09:03 AM
Tuesday, April 17, 2012
TransCore’s DAT North American Freight Index, which reflects spot market freight availability on its network of load boards in the United States and Canada, posted a 40 percent gain in March over February and was down 6.1 percent annually compared to March 2011.
One week after the price per gallon of diesel reached its highest mark since checking in at $4.208 per gallon the week of August 18, 2008, the price dropped for the second time in the last three weeks, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 04/17 at 11:35 AM
Diesel Prices •
FedEx said this morning it is in discussions about a potential plan to acquire TATEX, a France-based B2B express transportation company focused on heavy shipments. This potential deal follows FedEx’ early April acquisition of Poland-based courier company Opek Sp.Z o.o.
Mc-Kinney Moeller, the visionary leader of A.P. Moller-Maersk, passed on this week at the age of 98 leaving a proud legacy of unprecedented achievement
Drewry will incorporate the additional KPIs into a new quarterly report, the details of which will be announced later this month
Monday, April 16, 2012
The value of goods shipped abroad by California businesses in February reached $12.85 billion
Posted on 04/16 at 08:01 PM
Global Trade •
The Department of Justice estimates that state governments lose $5 billion a year due to cigarette smuggling.