Friday, April 15, 2011
California exporters recorded their 16th consecutive month of healthy year-over-year gains in February with shipments totaling $11.76 billion, a 13.4 percent increase over the same month last year, according to an analysis by Beacon Economics of foreign trade data released recently by the U.S. Commerce Department.
Posted on 04/15 at 02:22 PM
After one of the longest-and most exasperating-winters in years, I know spring is here when it is time to attend the annual NASSTRAC conference in Orlando, Florida.
Posted on 04/15 at 02:07 PM
POLB imports, which are primarily comprised of consumer goods, hit 191,211 (Twenty-foot Equivalent Units) in March, which was down 7.5 percent annually.
For the week ending April 9, carload volume came in at 293,798 for a 1.8 percent annual gain. Intermodal volume was up 12.4 percent at 228,713 trailers and containers.
Thursday, April 14, 2011
According to TransCore, March load volume was up 23 percent from February and 40 percent annually.
As various factors such as increasing diesel prices, tight capacity, and rate pressure continue to take hold in the freight transportation market, they appear to be taking a toll on shippers, according to the April edition of the Shippers’ Condition Index (SCI) released this week by freight transportation consultancy FTR Associates.
Trucking and intermodal services bellwether J.B. Hunt (JBH) kicked off the first quarter earnings season in style with record net earnings of $50.1 million or $0.40 per share compared to net earnings of $37.5 million and $.029 per share a year ago.
Although California exports continue to surge, the news is not all good, say economists. In the case of the latest figures, foreign buyers were banking on continued weakness in the U.S. dollar by snapping up a wide range of relatively inexpensive American products from soybeans to aircraft.
Posted on 04/14 at 08:12 AM
Wednesday, April 13, 2011
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 1.5 percent in February, following 0.9 percent and 1.5 percent gains in January and December, respectively.
This increase marks the third time the PCI has been up in the last eight months and the 16th consecutive month it has been up on an annual basis.