Filed in Transportation
Thursday, February 24, 2011
Positive momentum in the trucking sector continued on the right path in January following a decent December, according to data released by the American Trucking Associations (ATA).
The Panama Canal expansion - expected to be complete by 2014 - has seaports throughout the hemisphere readying for a new competitive landscape. For most, that means offering value-added services designed to move inbound goods faster than ever before. Here’s where the preparations currently stand.
Wednesday, February 23, 2011
CEVA logistics has launched a cross-border road freight service in South East Asia, providing an integrated service from Singapore, through Malaysia, Thailand and Vietnam to China
As you probably already know, not too long ago the Federal Motor Carrier Safety Administration (FMCSA) floated the idea of reducing available daily driving time for truck drivers by one hour from 11 to ten hours per day. Needless to say, this was not well received, and not surprisingly, it seems to have become even less popular than it was when first introduced.
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).
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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).