Friday, October 29, 2010
Several media outlets are reporting that two United States airports—Newark, N.J. Liberty International Airport and Philadelphia International Airport—are on high alert after a UPS cargo plane originating in Yemen and had transited through Europe was carrying a suspicious package, which contained a printer toner package which was tampered with and resembled an improvised bomb.
Posted on 10/29 at 11:45 AM
Air Cargo •
As in past weeks, railroad volumes for the week ending October 16 showed continued year-over-year improvement, according to data released by the Association of American Railroads (AAR). Carload volume at 302,855 was up 9.6 percent year-over-year but behind the week ending October 16 at 303,664. The week ending October 9 hit 297,029 carloads.
Posted on 10/29 at 10:58 AM
Waiting for me in my ridiculously crowded inbox this morning was an e-mail from the U.S. Bureau of Economic Analysis, which informed me that economic activity—i.e. the Gross Domestic Product—in the third quarter grew at a rate of 2 percent.
If you import or export via U.S. West Coast ports, then researchers of the Port Performance Research Network, chaired at Dalhousie University, want to hear from you. The Network is seeking feedback from ports’ customers and stakeholders about their experiences with five U.S. west coast ports.
Thursday, October 28, 2010
Yet another partnership with a U.S. port has been initiated by the Panama Canal Authority
As has been the case during third quarter earnings, Class I railroad earnings continued to deliver strong results, with Norfolk Southern’s strong earnings results bearing that out. Earnings for the Norfolk, Virginia-based carrier at $445 million were up 47 percent year-over-year. And earnings per share of $1.19 were also up 47 percent, beating Wall Street estimates of $1.09.
The United States Postal Service announced this week that Postmaster General and CEO John E. Potter will retire on December 3. Potter, a 32-year USPS veteran will be replaced by Patrick R. Donahoe, Deputy Postmaster General and Chief Operating Officer. Donahoe was voted as Potter’s successor by The Governors of the Postal Service and will become the 73rd Postmaster General.
Wednesday, October 27, 2010
Data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicates that the average retail sales price of Class 8 used vehicles sold in September was up 3 percent from August at $42,100.
Even though the economy and the freight transportation market are still on a bumpy road, truck tonnage took a step forward, with September volumes up compared to August, according to the American Trucking Associations (ATA).
Tuesday, October 26, 2010
The International Air Transport Association announced International traffic recorded a 14.8 percent year-on-year increase, which is significantly weaker than the 19.0 percent rise recorded in August.
Posted on 10/26 at 03:24 PM
Air Cargo •