All News Entries
Tuesday, November 22, 2011
When the price per gallon of diesel spiked a full ten cents last week, it still remained below $4 per gallon. But with this week’s 2.3 cent gain to $4.01 per gallon, it is back in territory it has not been in since mid-May, when it hit $4.061 on May 16, according to data from the Department of Energy’s Energy Information Administration (EIA).
Posted on 11/22 at 01:01 PM
Diesel Prices •
Monday, November 21, 2011
Recent data published by ACT Research stated that new and net orders for Class 8 vehicles hit six-month highs in October at 29,824 units and 28,026 units, respectively.
Posted on 11/21 at 01:38 PM
ACT Research •
Non-contractual 2012 rates will be comprised of a net increase of 4.9 percent for UPS ground packages and a net increase of 4.9 percent on all UPS air services and U.S. origin international shipments
Posted on 11/21 at 11:47 AM
Air Freight •
Company officials said that with this expansion U.S. Xpress now has 110 reefer trucks in service—since entering this market around March 2011— and they expect to expand its fleet to 250 by the middle of 2012.
Friday, November 18, 2011
October volumes at the Port of Long Beach were down were down for the fourth straight month, according to data released by the port this week.
Carload volume—at 299,591—was up 0.5 percent annually and slightly ahead of the week ending November 5 at 298,465.
A top transportation economist is predicted “sustained growth” in trucking freight demand for this decade as the nation recovers from the Great Recession, a credit crisis, two wars and the 9/11 terrorist attacks marring the first decade of this century.
Thursday, November 17, 2011
Spurred by strong export growth, October volumes at the Port of Los Angeles were solid on a year-over-year basis on the heels of an uneven September the month before.
After alarming declines from August to September, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that global trade activity showed a bit of a “leveling off” from September to October.
After decades of uncertainty over millions of dollars of potential pension withdrawal liability, Teamsters union-covered trucking companies in multi-employer pension plans finally have some tangible financial rays of hope.
Posted on 11/17 at 11:05 AM