All News Entries
Tuesday, November 06, 2012
A slow growing economy and the staving off of a potential east and gulf coast ports strike translated into mixed shipment and expenditure results in October, according to the October edition of the Cass Freight Index Report from Cass Information Systems.
The International Air Transport Association (IATA) announced global traffic results for September showing a continued slowdown in the rate of traffic growth.
Posted on 11/06 at 10:14 AM
Air Cargo •
Air Freight •
With a 2 cent decline, the average price per gallon is $4.01. This comes on the heels of 8.6 cent and 3.4 cent losses, respectively, during the week of October 29 and October 22.
Posted on 11/06 at 09:44 AM
Diesel Prices •
Monday, November 05, 2012
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 54.2 in October, down 0.9 percent from September.
Officials at the Port of New York and New Jersey report that cargo operations are being restored in the wake of last week’s devastating storm.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) recently said that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 2.6 percent in August 2012 compared to August 2011 at $82.5 billion.
Posted on 11/05 at 11:16 AM
The Department of Transportation’s Surface Transportation Board (STB) last week announced it is requesting the disclosure of additional information in regards to a new rule regarding interchange commitments underlying a lease or rail-line sale filed with the STB, also known as paper barriers.
RRTS continues to remain active on the acquisition front with today’s announcement that it has acquired all of the outstanding stock of Central Cal Transportation, a provider of intermodal transportation and related services from the Northern California region.
Posted on 11/05 at 09:26 AM
Friday, November 02, 2012
Posting sharply improved third quarter operating results in the 15th month under new CEO James L. Welch, YRC Worldwide reported Friday an operating profit of $27.3 million on top of a $15.5 million operating profit in the second quarter.
Posted on 11/02 at 10:02 AM
YRC Worldwide •
YRC Freight •
Carload volume—at 287,104—was down 7 percent annually, and intermodal volumes—at 253,186 trailers and containers—were up 3.9 percent.
Posted on 11/02 at 08:31 AM
Rail Freight •