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
While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.
Posted on 10/29 at 01:05 PM
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
Tuesday, October 28, 2014
The time has come again for less-than-truckload (LTL) general rate increases (GRI), with various carriers recently announced their respective rate hikes in recent days.
Posted on 10/28 at 11:38 AM
Key market metrics in the form of capacity and rates appear to be continuing to work against shippers, according to the most recent edition of the Shippers Condition Index (SCI) from freight transportation forecasting firm FTR.
Posted on 10/28 at 10:06 AM
The average price per gallon fell 2.1 cents to $3.635 per gallon for its seventh consecutive weekly decline, with weekly prices not having seen an increase since the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon.
Posted on 10/28 at 09:26 AM
Diesel Prices •