Friday, November 04, 2011
The October 2011 edition of the Cass Freight Index showed signs of mixed messages, when it comes to figuring out freight trends. While freight shipments and expenditures were up annually, they were both down from September in another sign that the economic recovery is both gradual and unpredictable.
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) today reported a third quarter net loss of $177.9 million, which was more than double the $61.7 million net loss from a year ago.
Keeping surface transportation funding at its current levels through a series of continuing resolutions is not the way to move forward in an efficient manner, when it comes to preserving and building United States infrastructure, says Representative John Mica (R-Fla.), Chairman of the House Transportation and Infrastructure Committee
The news comes as a relief to shippers, who as late as yesterday were worried about a prolonged disruption caused by the “Occupy Oakland” movement.
Thursday, November 03, 2011
Like its companion report focused on manufacturing, growth remained the primary theme for The Institute for Supply Management's Non-Manufacturing Report on Business, which showed growth in non-manufacturing sector grew for the 23rd consecutive month.
Although the numbers are showing continued signs of leveling out, the main theme of the October edition of the Institute for Supply Management’s Manufacturing (ISM) Report on Business indicated that growth is still occurring.
Three mechanics have been killed, causing dockworkers to cease discharging the boxes until the risk can be identified
With a December 31 deadline looming for a short line railroad track maintenance credit looming, the top executive of the American Short Line & Regional Railroad Association (ASLRRA) pulled no punches in explaining why it needs to be extended.
According to port spokesmen, operations will not resume until “it is safe and secure to do so.”
BTS officials said this marks the second time that U.S.-NAFTA trade by land modes topped $80 billion in one month.