Filed in Transportation
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.
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.
Wednesday, February 02, 2011
As the economy shows some signs of improvement, the trucking market may be somewhat ahead of the curve, according to the most recent edition of the Trucking Update by FTR Associates, a freight transportation forecasting firm.
Many shipping analysts suggest that U.S. West Coast ports should be back on their heels when it comes to discussing the Panama Canal expansion. At least one leading port authority disagrees
Legislation calling to increase competition in the railroad industry was recently introduced by Senators Jay Rockefeller (D-WV) and Kay Bailey Hutchison (R-TX).
Tuesday, February 01, 2011
In what has again become a common occurrence, diesel prices are up once again this week, going up $0.8 cents to $3.438 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). The EIA added that current prices are up 65.7 cents per gallon compared to last year.
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Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 15.5 percent in November 2010 compared to November 2009, increasing to $68.1 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).