Tuesday, October 25, 2011
Quarterly revenue for Big Brown—at $13.2 billion—was up 8.0 percent annually, and operating profit—at $1.61 billion—was up 0.2 percent. Earnings per share—at $1.06—saw a 14 percent year-over-year increase, topping Wall Street expectations of $1.05 per share.
Monday, October 24, 2011
The two-year, $109 billion bill is entitled Moving Ahead for Progress in the 21st Century (MAP-21), which EPW officials have described as a “bipartisan effort that holds spending at current levels plus inflation, greatly increases leveraging of federal dollars, and modernizes and reforms the nation’s transportation systems to help create jobs and build the foundation for long-term prosperity.”
Data published this week by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, stated that September Class 8 trailer order activity was up in September, with net orders roughly 31 percent ahead of August and up 22 percent annually.
The news regarding a tepid economic recovery is clearly far from new, we have been reading about it and experiencing it in one way or another for a while now. We have been told that things will be better “soon” on more than one occasion, yet things continue to stagnate.
IHS said the highlight in the very busy upcoming week will be the advance GDP release, which will show the economy growing at its fastest pace in the third quarter of 2011 since the second quarter of 2010
While hopes were high for a return to a “traditional” Peak Season earlier this year, things have not gone according to plan based on freight trends, volumes, and insight from industry stakeholders.
Friday, October 21, 2011
EquaShip aims to provide smaller shippers with cost-savings that are typically only available to large enterprise shippers.
Robert McEllrath – president of the International Longshore and Warehouse Union, who was arrested recently for leading a riot at the Port of Longview in which six security guards were held hostage – is now encouraging other acts of civil disobedience nationwide
Carload volume—at 303,363—was flat on an annual basis.