Filed in Trucking
Tuesday, April 19, 2011
Schneider National, the nation’s second-largest truckload carrier which traditionally has been a major player in long-haul intermodal traffic, is increasingly marketing shorter-haul freight options in a major shift that is sure to impact shippers’ choices and rates.
Thursday, April 14, 2011
According to TransCore, March load volume was up 23 percent from February and 40 percent annually.
As various factors such as increasing diesel prices, tight capacity, and rate pressure continue to take hold in the freight transportation market, they appear to be taking a toll on shippers, according to the April edition of the Shippers’ Condition Index (SCI) released this week by freight transportation consultancy FTR Associates.
Trucking and intermodal services bellwether J.B. Hunt (JBH) kicked off the first quarter earnings season in style with record net earnings of $50.1 million or $0.40 per share compared to net earnings of $37.5 million and $.029 per share a year ago.
Wednesday, April 13, 2011
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 1.5 percent in February, following 0.9 percent and 1.5 percent gains in January and December, respectively.
Pent-up demand based on various factors continue to point to an upcycle in buying activity for commercial vehicles, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Tuesday, April 12, 2011
A 10.2 cent weekly hike brings the current price to $4.078 per gallon, following a 4.4 cent increase last week and a 2.5 cent gain the week before. Diesel prices have been up 18 of the last 19 weeks. And on an annual basis, the price per gallon for diesel is up $1.009 per gallon.
The trucking industry is giving itself a pat on the back after government figures show the rate of truck-involved fatalities on U.S. highways fell to 1.17 per 100 million miles in 2009—making it the trucking industry’s safest year since the federal government began keeping track in 1975.
Monday, April 11, 2011
The United States Department of Transportation (DOT) recently unveiled the details relating to an agreement made in early March regarding the cross-border trucking program between the United States and Mexico.
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Wednesday, April 06, 2011
March shipments at 1.108 were up 13.8 percent annually and 6.5 percent compared to February’s 1.036, with shipments above for the 1.0 mark for the tenth straight month going back to May 2010’s 1.014 breaking the 1.0 level for the first time since November 20008.