Filed in Transportation
Wednesday, February 23, 2011
Diesel prices continued to surge, with the price per gallon up 3.9 cents this week to $3.573, according to the Department of Energy’s Energy Information Administration (EIA). On an annual basis, diesel prices are up 74.1 cents.
In a move signaling confidence in renewed demand for capacity, Maersk Line has signed a contract with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of the world’s largest vessels in the global container flreet
Tuesday, February 22, 2011
UPS announced it has expanded its UPS Preferred LCL (less-than-container-load) Ocean Freight service to ten additional Asia-based ports, which it said provides shippers with up to 40 percent faster door-to-port United States-bound delivery for LCL shipments.
Freight transportation and logistics services provider Averitt Express said today it is making further inroads into expanding its flatbed operation, which launched at the beginning of 2009, when it rolled out flatbed service in eight markets.
Monday, February 21, 2011
Legislation focused on increasing truck size and weights was reintroduced to Congress last week by Representatives Mike Michaud (D-Maine) and Jean Schmidt (R-Ohio).
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.
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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.