Monday, October 25, 2010
Recent data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicates that net orders of heavy-duty Class 8 commercial vehicles—at 15,231—were up 37 percent year-over-year in September. This output follows a 15 percent annual bump in August.
At a time when capacity across all modes of freight transportation is tightening, coupled with a slower-than-hoped-for economic recovery, many logistics, supply chain, and transportation managers responding to a Logistics Management survey report they are expecting to pay higher rates throughout the remainder of 2010 and into 2011.
Friday, October 22, 2010
As five leading U.S. trucking companies are calling for federal regulations that would require all interstate trucking companies to install electronic on-board recorders (EOBRs) on all their trucks to verify legal duty status of their drivers, their customers are being urged to make changes as well.
Posted on 10/22 at 12:21 PM
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 303,664 was up 10.1 percent year-over-year and was ahead of the 297,029 carloads reported by the AAR
Posted on 10/22 at 09:07 AM
The International Air Transport Association called for coordinated efforts to deal with the challenges of growth in the MENA region.
The United States Coast Guard (USCG) has recently advised that all foreign flagged vessels operating in United States waters are required to be maintained in compliance with United States regulations, international Conventions and other required standards.
Posted on 10/22 at 06:51 AM
Volumes at the Port of Los Angeles (POLA) and Port of Long Beach (POLB) were strong year-over-year numbers in September but down somewhat on a sequential basis.
Thursday, October 21, 2010
Less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) said it has seven China-based ports to its Pacific Promise service. Rolled out in March 2009, the Pacific Promise is a less-than-container load (LCL) service between ODFL and various ocean carriers. This is a joint guaranteed LCL service from China to the U.S., which allows importers to move LCL quantities “with a much higher degree of velocity, predictability, and visibility” than has previously been available and is also backed by a money-back guarantee.
Posted on 10/21 at 11:25 AM
Pacific Promise •
The Department of Transportation (DOT) announced it has awarded nearly $600 million in funding from its TIGER II program for various transportation infrastructure-related projects. TIGER (Transportation Investment Generating Economic Recovery) II follows the original $1.5 billion TIGER program, which was part of the American Recovery and Reinvestment Act and distributed grants to 51 projects out of more than 1,400 applications for almost $60 billion worth of projects that came in throughout the country.
Keeping in line with the second quarter, UPS reported solid third quarter results earlier today. Quarterly revenue—at $12.19 billion—was up 9.3 percent year-over-year, and operating profit—at $1.6 billion—was up 74 percent. Net income at $991 million was up 80.5 percent, and earnings per share—at $0.93—were up 69 percent and topping Wall Street estimates that were in the $0.80-$0.92 range.
Posted on 10/21 at 09:13 AM