Filed in Transportation
Friday, February 18, 2011
Continuing a trend that showed signs of increasing traction during the second half of 2010, there are signs that transportation and logistics merger & acquisition activity is continuing to rebound, according to PricewaterhouseCoopers (PwC).
With the release of President Obama's fiscal 2012 budget, the American Association of Port Authorities is expressing both optimism and disappointment over various aspects of the budget pertaining to seaport
The Surface Transportation Board (STB) this week unveiled a proposal to reduce filing fees for complaint cases for shippers to $350. This would be a significant reduction, as under the current process shippers can pay up to $20,600 to file a complaint.
Thursday, February 17, 2011
According to a recent report in The Financial Times, China is in negotiations over the construction of a 137-mile rail link across Colombia that represents a competitive route. When completed, Chinese exporters could ship finished goods into Latin America while sourcing raw materials for outbound vessel deployment.
Tuesday, February 15, 2011
In a sign that the global economic recovery may have some sustained momentum, the most recent edition of the Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for import cargo volume at major United States-based container ports to be up 11 percent year-over-year in February. The report is also calling for first half 2011 volumes to be up 6 percent annually.
Another week brought another increase in the price per gallon of diesel, with prices rising 2.1 cents this week to $3.534 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). On an annual basis, diesel prices are up 77.8 cents.
Monday, February 14, 2011
In 2010, easy annual comparisons to a troubled 2009 often paved the way for favorable data trends in the freight transportation sector. Based on recent data in TransCore’s TrendLines report, those comparisons for the trucking sector are still heading in the right direction early into 2011.
Friday, February 11, 2011
Railroad traffic for the week ending February 5 was mixed due to harsh weather conditions impacting certain parts of the country, according to data released by the Association of American Railroads (AAR).
When the 36th Annual Federal Aviation Administration’s Forecast Conference convenes in Washington next week, shippers should expect to hear that profitability for U.S. carriers will hinge a stable environment for fuel prices.
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Thursday, February 10, 2011
Diplomat(s) expressed increasing concern that Saudi Arabia is no longer able to lift oil production at a rate fast enough to prevent oil prices from escalating.