Filed in Transportation
Tuesday, February 08, 2011
In a development that may signal a shift in global marine terminal operations, Zebra Technologies Corporation announced that it has entered into a definitive agreement to sell its Navis business to Cargotec Corporation.
Keeping in line with the fourth quarter of 2010, preliminary net orders of heavy-duty Class 8 commercial vehicles for North America markets at 27,300 units were up 320 percent year-over-year in January, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Diesel prices continued heading north, with a 7.5 cent increase to $3.513 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). And current prices are up 74.4 cents annually.
Monday, February 07, 2011
More than $10 million in counterfeit electronics, stolen merchandise and bank receipts have been recovered as a result of a cargo theft investigation initiated by Los Angeles Port Police.
Following a decline in December freight shipments, the first month of 2011 continued that trend, according to the most recent edition of the Cass Information Systems Freight Index.
Friday, February 04, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported net income of $23.1 million—of $0.49 per share—for the fourth quarter of 2010.
Despite the encouraging news from The International Air Transport Association on improving freight volumes, there are still two key issues that may have a negative impact on a full recovery: the weather and fuel prices.
Posted on 02/04 at 11:12 AM
Air Cargo •
The International Air Transport Association reported full-year 2010 demand statistics for international scheduled air traffic that showed a 20.6 percent increase in freight
Posted on 02/04 at 10:40 AM
Air Cargo •
There is a not-so-subtle change in pricing power away from shippers and toward carriers in the (less-than-truckload) LTL sector. Shippers may have already noticed discounts are falling, and rates are rising.
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Thursday, February 03, 2011
In light of attempts last October by terrorists to send explosives originating from Yemen to the United States on cargo and passenger planes, the Transportation Security Administration (TSA) said late last month it is looking to accelerate the deadline for screening United States-bound air cargo to December 31, 2011.