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.
With the price per gallon of diesel fuel now officially north of $4, there remains a distinct possibility that future retail sales could tail off or remain relatively flat in the coming months.
Pent-up demand based on various factors continue to point to an upcycle in buying activity for commercial vehicles, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
While U.S. federal government lawmakers continue to focus on the nation’s budgetary woes, The American Association of Port Authorities is convening a special meeting in San Francisco to examine financial challenges of its own.
Tuesday, April 12, 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
A 10.2 cent weekly hike brings the current price to $4.078 per gallon, following a 4.4 cent increase last week and a 2.5 cent gain the week before. Diesel prices have been up 18 of the last 19 weeks. And on an annual basis, the price per gallon for diesel is up $1.009 per gallon.
March rail carloads—at 1,493,553—were up 3.4 percent compared to March 2010 and up 11.2 percent compared to March 2009, said the AAR. The weekly carload average in March checked in at 298,711.
The trucking industry is giving itself a pat on the back after government figures show the rate of truck-involved fatalities on U.S. highways fell to 1.17 per 100 million miles in 2009—making it the trucking industry’s safest year since the federal government began keeping track in 1975.
The Port Tracker report is calling for March to come in at 1.2 million TEU for an 11 percent annual gain. April is expected to reach 1.24 million TEU for a 9 percent annual increase.