Filed in Trucking
Tuesday, June 14, 2011
As mounting evidence indicates that slow economic growth is prevalent, retail sales numbers released today were essentially flat in May compared to April and were up on an annual basis, according to data from the United States Department of Commerce and the National Retail Federation (NRF).
Diesel prices fell for the fifth consecutive week and the sixth time in the last seven weeks, decreasing 0.8 cents to $3.94 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Friday, June 10, 2011
Weeks after the Federal Motor Carrier Safety Administration (FMCSA) said it would not meet its initial goal of publishing a new hours-of-service (HOS) rule—based on changes to the rule it proposed late last year—by its initial deadline of July 26, pushing the deadline back to October 28, two prominent industry organizations—the American Trucking Associations (ATA) and the National Industrial Transportation League (NITL) — are again voicing their displeasure with the proposed rules.
Wednesday, June 08, 2011
Freight transportation and logistics services provider Ryder System said today it has acquired Hill Hire plc, a Bradford, England-based provider of commercial truck leasing, rental, and maintenance services, and an independently run and wholly owned subsidiary of Lloyds Banking Group.
Tuesday, June 07, 2011
Port of Los Angeles spokesmen said that half a dozen motor carriers are now being investigated for not honoring contracts providing cash incentives for the operation of “clean trucks.”
Posted on 06/07 at 11:12 AM
Ocean Cargo •
Monday, June 06, 2011
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, and freight transportation forecasting firm and consultancy FTR Associates indicated that preliminary data for Class 8 trucks in May is down from a very strong April.
In continuing the theme from its previous report, today’s release of the Cass Information Systems Freight Index showed that a moderation in freight volumes is still intact.
Friday, June 03, 2011
I don’t know what is harder: figuring out what the economy is doing or hitting a curve ball? While I was a decent enough hitter growing up, I did not see too many breaking balls. But given all the noise about which way the economy is moving, I may be heading back to the batting cages.
Wednesday, June 01, 2011
Before developing its web-based carrier rating tool, this niche vendor of outdoor furniture was spending 17 percent of its sales on transportation. This year, those costs are going to be about 5 percent of sales—a turnaround that earned the company our 2011 Best Practices Award.
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Non asset-based third-party logistics services provider Roadrunner Transportation Services (RRTS) said this week it has acquired all of the outstanding stock of Wichita, Kansas-based truckload services provider Bruenger Trucking Company. The sale price, according to Roadrunner officials, was roughly $10.6 million, coupled with an earn-out capped at $3 million.