All News Entries
Thursday, December 23, 2010
It’s been awhile since LTL carrier executives were able to see the word “profit” at the bottom of their financial reports. Some are half-jokingly reporting having to go to the dictionary to make sure of the meaning of the word. Sure enough, they found it, right there between “persistence” and “quarterly net gains.”
Posted on 12/23 at 02:57 AM
PITT OHIO •
Wednesday, December 22, 2010
The American Association of Port Authorities today applauded congressional passage of the DERA
Posted on 12/22 at 03:48 PM
Almost 26,000 new passenger and freighter aircraft valued at $3.2 trillion will be needed between 2010 and 2029, to satisfy demand according to Airbus’ Global Market Forecast
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said that it has made amendments to its credit agreement and asset-backed securitization facility (ABS) in order to provide additional time to finalize plans to recapitalize its balance sheet.
Posted on 12/22 at 11:01 AM
YRC Worldwide •
Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, stated that the number of waterborne shipments entering the United States fell two percent from October to November.
Posted on 12/22 at 10:04 AM
Josh Green •
Tuesday, December 21, 2010
The newest trans-Pacific ocean carrier, Hainan P O Shipping Co., Ltd. (P O Shipping) has expanded its services with a call connecting Oakland with five major ports in China
Freight transportation and logistics services provider Ryder System recently announced it has reached an agreement to acquire the full service lease, contract maintenance, commercial rental and dedicated contract carriage businesses of Fontana, California-based The Scully Companies Inc.
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said that November net orders of heavy-duty Class 8 vehicles at 26,268 units were up 38 percent from October.
Posted on 12/21 at 09:52 AM
ACT Research •
Diesel prices went up 1.7 cents this week to $3.248 per gallon for the week of December 20, following a 3.4 cent gain during the week of December 13, according to data from the Department of Energy’s Energy Information Administration (EIA).
With the trucking industry on pins and needles anticipating more proposed changes in the truck driver hours of service regulations, some leading industry advocates and analysts are anticipating a once-in-a-generation opportunity to shape transportation policy in the new era of split government in Washington.