Filed in Trucking
Thursday, June 30, 2011
A new piece of legislation introduced by Congressmen Russ Carnahan (D-MO) and Frank Guinta (R-NH) is focused on addressing fraud-related issues in the freight transportation marketplace.
Wednesday, June 29, 2011
Even a casual media observer likely knows that natural gas is high up on the list of “topic du jour” lately. It is not all that surprising, considering that the price of diesel fuel—while down in recent weeks—is still about a dollar more per gallon than it was a year ago.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 12.1 percent in April 2011 compared to April 2010, coming in at $73.8 billion.
Data published this week by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicated that total U.S. trailer net orders dipped for the second straight month, falling 9 percent in May.
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.
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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.