Filed in Trucking
Monday, June 27, 2011
This decline continues a trend of uneven freight transportation volumes amid various economic indicators showing signs that the economic recovery has lost its footing in recent weeks especially.
The report stated that Deutsche Bahn management is considering restructuring Schenker’s U.S. business but added a withdrawal is more possible. And it added that Schenker management was due to deliver a business update by mid July and Deutsche Bahn executives plan to take a decision on the future of its U.S. business by the end of the year, possibly as early as August.
While there is a current moderation in freight volumes, the consensus from a Transport Capital Partners (TCP) survey appears to be that this moderation will not be lasting, with 80 percent of survey respondents indicating volumes will increase within the next 12 months.
Friday, June 24, 2011
The ATA’s Trucking Activity Report said that there was an annualized rate of 75 percent for large truckload fleet driver turnover, representing a 69 percent increase from the fourth quarter of 2010 and a 39 percent annual increase compared to the first quarter of 2010. The first quarter turnover percentage is at its highest level since the second quarter of 2008.
In an effort to combat high oil prices causes by geopolitical issues in the Middle East, the White House and the United States Department of Energy (DOE) said this week that the U.S. and partner nations in the International Energy Agency will release 60 million barrels of oil.
Thursday, June 23, 2011
Those less-than-truckload (LTL shippers) yearning for an optimistic sign from YRC Worldwide’s four-year bout with bankruptcy and cessation may get a ray of hope from the LTL giant’s resumption of partial payments to its Teamsters’ pension plans after a 23-month hiatus.
Wednesday, June 22, 2011
Truck driver shortages, a persistent dilemma for shippers seeking adequate capacity, are back.
Tuesday, June 21, 2011
A pretty big relationship between global third-party logistics (3PL) services provider CEVA Logistics and freight transportation and logistics services provider Ryder got even bigger with week, with the companies announcing that CEVA has added more than 1,000 full service lease trailers from Ryder.
On the heels of the first weekly increase since the week of May 2, when the price per gallon of diesel hit $4.124, the average price per gallon dipped 0.4 cents to $3.95 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
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Monday, June 20, 2011
FTR said the most recent SCI is at -5.4 percent compared to -11.4 in May, which was the worst SCI reading of this current economic cycle. The firm attributed the 6 point improvement to a slowdown in freight demand growth due to a lull in economic activity, as well as ongoing delays in Federal trucking regulations like driver Hours-of-Service (HOS).