Filed in Trucking
Friday, March 18, 2011
Even though the trucking industry appears to benefit from relatively healthy volume growth, there are enough obstacles in the way to make its future outlook somewhat cloudy. That is the consensus of a recent survey from Transport Capital Partners (TCP).
Thursday, March 17, 2011
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 24.3 percent in 2010 compared to 2009, increasing to $791 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics.
Tuesday, March 15, 2011
The long-term financial health outlook for less-than-truckload transportation services provider YRC Worldwide remains cloudy based on details in a 10-K annual report filed with the Securities and Exchange Commission yesterday.
In a letter to Department of Transportation Secretary Ray LaHood, DeFazio expressed his concern about the plan to allow Mexican trucking companies to operate long-haul trucking operations in the U.S.
Following a cumulative 29.8 cent hike over the previous two weeks. Diesel prices checked in with a 3.7 cent increase to $3.908 per gallon, noted the EIA. On an annual basis, diesel prices are up 98.4 cents.
Monday, March 14, 2011
As truck tonnage levels show decent annual growth levels with capacity remaining tight, it does not come as a surprise to see the trucking spot market continue running along at a swift level. That is the consensus from TransCore which said in a recent release that truckload freight availability increased by 12 percent for the week ending March 5, according to traffic in its TransCore TrendLines report.
Despite an 11 percent decline in net orders for Class 8 vehicles from January to February, the fundamentals that support demand in the heavy-duty commercial vehicle market remain strong, according to ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Tuesday, March 08, 2011
On the heels of a 14.3 cent weekly gain, diesel prices saw their single highest weekly increase since May 2008, with a 15.5 cent bump to $3.871 per gallon, according to data from the Department of Energy’s Energy Information Administration (EIA).
Freight transportation services provider ABF said this week it has rolled out its RPM service to the western one-third of the United States.
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Friday, March 04, 2011
Earlier this week, the Federal Reserve released the most recent edition of its “Beige Book,” which tracks economic activity. This edition covers the period from January 3-February 18. A look at the results seems to be in line with many other economic indices, many of which have the same theme. That theme being something like this: “things are moving at a slow and steady pace, with cautious signs of improvement.”