Wednesday, June 27, 2012
Now, more than ever in the transportation and logistics sectors, a healthy amount of merger & acquisition deal activity is taking place. Companies are making acquisitions based on need or getting into a segment of the business they may not already have a presence in through acquisition.
Three U.S. Reps lament the lack of progress being made when it comes to maritime security.
Tuesday, June 26, 2012
The Highway Trust Fund (HTF) currently takes in and pays out about $35 billion per year— excluding transfers from the Treasury General Fund. What started off as a user-fee system to pay for highway construction and repair has morphed into a large federal “cookie jar” that politicians use to direct money to their favorite causes while our highways and bridges deteriorate at an alarming pace. Now is the time to take the cookie jar back.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 8.2 percent in April 2012 compared to April 2011 at $79.8 billion.
The EIA said that weekly prices fell 5.1 cents to $3.678 per gallon. This follows last week 5.2 cent decline. The current price per gallon stands as the lowest weekly diesel price since the week of February 21, 2011 which was $3.573 per gallon.
Posted on 06/26 at 10:19 AM
Diesel Prices •
Late last week, a U.S. District judge in the District of Columbia granted class action certification to shipper plaintiffs in a lawsuit which maintains that four United States-based Class I railroads—Burlington Northern Santa Fe, Union Pacific, Norfolk Southern Corp., and CSX—worked together , or colluded, on fuel surcharges assessed to shippers.
Each year the Agriculture Transportation Coalition surveys a broad and diverse cross-section of the U.S. agriculture and forest products exporters and importers, from all geographic locations, of virtually all dry and refrigerated products, via dry and refrigerated container, to determine the ocean carrier performance
Monday, June 25, 2012
United States Transportation Secretary Ray LaHood announced the latest round of funding for the Department of Transportation’s (DOT) TIGER (Transportation Investment Generating Economic Recovery (TIGER) 2012 program. LaHood said that 47 transportation projects in 34 states and the District of Columbia will receive about $500 million in TIGER grant funding.
Transportation costs unquestionably impact a company’s financial performance. And yet, for most CFOs, controlling these costs sits far down on the priority list
Posted on 06/25 at 12:38 PM
White Papers •
Last week, LM Group News Editor Jeff Berman conducted an on-stage interview with Jack Holmes, president of UPS Freight, the less-than-truckload (LTL) subsidiary of UPS at the 10th annual eyefortransport 3PL Summit, which was held in Chicago. Holmes provided an in-depth look at the LTL sector and how LTL’s and shippers should—and could—work well together, among other topics.
Posted on 06/25 at 12:33 PM