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Wednesday, July 20, 2011

Class I railroad carrier CSX got things rolling on the tracks with record-setting second quarter earnings of $506 million and $0.46 per share for a 28 percent annual gain. This topped Wall Street estimates in the $0.44 per share range.
Posted on 07/20 at 01:39 PM
NewsRail FreightIntermodalRailroad ShippingCSXPermalink


The company yesterday rolled out an average GRI of 6.9 percent which will cover non-contractual shipments in the United States, Canada, and Mexico, with increases varying by lane and shipment type, according to company officials.
Posted on 07/20 at 09:26 AM
NewsTruckingLTLYRC WorldwideYRCLess-Than-TruckloadPermalink


Washington finally seems semi-serious about infrastructure. There are dueling bills circulating on Capitol Hill, with Senate Democrats favoring a two-year, $109 billion proposal and House Republicans offering a six-year, $230 billion deal to replace the six-year, $286 billion transportation funding law that expired 23 months ago.

Tuesday, July 19, 2011

As fellow blogger – Mike Regan – notes in a recent fine article by Jeff Berman, “there has never been a period of volatility in fuel prices like there has been in the last year."
Posted on 07/19 at 10:48 PM
BlogsAir FreightAir CargoGlobal LogisticsPermalink


Just when U.S. exports are ramping up, comes news that the American Association of Port Authorities and the U.S. Department of Commerce’s International Trade Administration have signed a Memorandum of Intent at the Port of Oakland.
Posted on 07/19 at 10:39 PM
NewsOcean FreightGlobal TradeOcean CargoPermalink


FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, is taking steps to augment its ocean freight forwarding services in the form of a new Ocean Choices portfolio the company introduced today.
Posted on 07/19 at 02:21 PM
NewsGlobal LogisticsFedExLTLOcean ShippingLCLFCLPermalink


The concept of an infrastructure bank has been lobbied around myriad times by members of Congress, industry associations, and infrastructure experts alike. On paper and conceptually, leveraging an infrastructure bank to fund future investment seems like a pretty good idea. But as we know, money is tight.

The average price per gallon for diesel went up 2.4 cents to $3.923 per gallon, following a 4.9 cent increase last week, which marked the single largest weekly gain since the week of April 4, when prices went up 4.4 cents to $3.976 per gallon.
Posted on 07/19 at 09:16 AM
NewsTransportationEIADiesel PricesDieselEnergy Information AdministrationPermalink


It appears to be the season for less-than-truckload rate hikes, with Con-way Freight, the LTL subsidiary of freight transportation and logistics services provider Con-way Inc., announcing it is raising its rates by 6.9 percent, effective August 1.
Posted on 07/19 at 08:45 AM
NewsTruckingLTLCon-wayCon-way FreightLess-Than-TruckloadPermalink


Monday, July 18, 2011

After the critical shortages of containers of last year, production has picked up again, but high container prices and a tight ratio of containers to vessel slots will continue to constrain the availability of boxes
Posted on 07/18 at 04:38 PM
NewsOcean FreightGlobal TradeOcean CargoPermalink



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