Tuesday, December 13, 2011
Logistics Management regrets to report that Patrick Quinn, co-chairman and president of truckload and full-service freight transportation provider U.S. Xpress Enterprises Inc. has passed away from brain cancer. He was 65.
With the economy showing some slight signs of growth, the Ceridian-UCLA Pulse of Commerce Index (PCI) was up for the second straight month in November, with a 0.1 percent gain on the heels of October’s 1.1 percent rise.
Despite relatively slight gains, retail sales in November were up for the sixth straight month, according to data released today by the United States Department of Commerce.
The price per gallon for diesel fuel dropped for the third straight week, falling 3.7 cents to $3.894 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 12/13 at 10:04 AM
Diesel Prices •
A Bloomberg report indicates that many shippers are in favor of increased truck sizes and weights.
Monday, December 12, 2011
California's export trade fell prey to sluggish overseas demand in October but still managed to record a 24th straight month of overall growth
Posted on 12/12 at 09:18 PM
Global Trade •
As expected, the “Occupy” movement’s plans to shut down West Coast ports proved to be largely symbolic, having a minimal impact on cargo operations at most major ocean cargo gateways
The American Trucking Associations said the turnover rate for this category hit 89 percent in the third quarter, following rates of 75 percent and 79 percent in the first and second quarter, respectively.
At a time when volumes and capacity are relatively tight, there is a fair amount of optimism in the trucking industry, according to the results of the Fourth Quarter 2011 Transport Capital Partners (TCP) Business Expectations Survey.
The company said that Monday, December 12 is expected to be the busiest day in its almost 40-year history, pegging today’s shipment count to check in at around 17 million, which is about twice as much a typical day’s average volume.