Wednesday, September 19, 2012
While the fiscal year 2013 first earnings forecast for FedEx was lowered due to concern about the global economy on the company’s fiscal first quarter earnings call this week, FedEx Freight, the company’s market-leading less-than-truckload subsidiary had a strong quarterly performance.
Posted on 09/19 at 10:01 AM
Tuesday, September 18, 2012
Quarterly revenue of $10.79 billion was up 3 percent from last year’s $10.52 billion, and operating income at $742 million was up 1 percent from $737 million.
Posted on 09/18 at 10:22 AM
Diesel prices headed up for the 11th straight week, heading up 0.3 cents to $4.135 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 09/18 at 07:02 AM
Diesel Prices •
With Peak Season, or at least the semblance of it underway, August volumes at the nation’s two largest ports—the Port of Los Angeles (POLA) and the Port of Long Beach (POLB)—were mixed in August.
Monday, September 17, 2012
The Calgary-based carrier said this week that it has introduced new intermodal services, which offer faster transit times that connect Vancouver to Toronto or Chicago.
The American Society of Civil Engineers unveiled a new economic study late last week which makes a compelling argument for seaport investment.
Posted on 09/17 at 09:28 AM
Transportation stakeholders lament the absence of transportation policy in Presidential candidates' policy agendas.
ABF Freight System going to negotiate its next agreement with the Teamsters union separately on behalf of its 7,000 unionized workers. Hundreds of thousands of ABF shippers should be watching closely as it will affect rates they pay for truck services.
Friday, September 14, 2012
Following the launch of the Department of Transportation’s Freight Policy Council in August, DOT Secretary Ray LaHood wrote in his blog, entitled “Fast Lane,” this week that DOT is “kicking off the new council's work by listening to the people who know freight—the states, the freight and logistics industry, businesses, consumers, and other stakeholders.”
Posted on 09/14 at 01:05 PM
August retail sales showed growth at a time when consumers are still being cautious with discretionary spending, according to data from the United States Department of Commerce and the National Retail Federation.