Wednesday, March 09, 2011
When I am asked what the big topic in the industries LM covers is these days, there is no surprise of late. It is a one word answer: fuel. How could it really be anything else at this point? If you need more proof, look at the past two weeks of diesel price increases from the Energy Information Administration. They both check in around the 15-cent mark. Ouch.
The February edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) dipped 1.5 percent, following a 0.3 drop-off in January. This cumulative decline washed out a 1.8 percent gain in December, according to the report’s authors.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) increased 0.9 percent in January, following a 1.5 percent gain in December and a 0.3 percent decline in November.
While heavy capital expenditures are nothing new for the freight railroad industry, a report released today by the Association of American Railroads (AAR) stated that United States-based freight railroads are planning to spend $12 billion in capital expenditures in 2011, following a $10.7 billion investment in 2010.
Despite harsh weather conditions throughout many parts of the country, rail volumes in February were up in February on a year-over-basis, according to data from the Association of American Railroads (AAR).
Posted on 03/09 at 09:07 AM
Tuesday, March 08, 2011
Cherry Hill, New Jersey-based NFI, an asset-based third-party logistics (3PL) services provider said this week it has acquired World Warehouse and Distribution, a Champlain, NY-based 3PL and warehousing services provider with facilities in Champlain and Albany, NY and Montreal.
On the heels of a 14.3 cent weekly gain, diesel prices saw their single highest weekly increase since May 2008, with a 15.5 cent bump to $3.871 per gallon, according to data from the Department of Energy’s Energy Information Administration (EIA).
Freight transportation services provider ABF said this week it has rolled out its RPM service to the western one-third of the United States.
Monday, March 07, 2011
Class I railroads received good news last week, when the Federal Railroad Administration and the Association of American Railroads reached a settlement regarding the guidelines of the Positive Train Control (PTC) regulatory mandate.
After two months of declining freight shipment levels, February showed some signs of growth, according to the most recent edition of the Cass Information Systems Freight Index.
Posted on 03/07 at 11:50 AM