Filed in Trucking
Thursday, January 13, 2011
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) was down 0.3 percent in November, following a 0.2 percent October gain and a 1.0 percent September gain.
Wednesday, January 12, 2011
ACT said that total net orders for Class 8 vehicles and commercial trailers “surged” during the fourth quarter of 2010, signaling that trucking fleets are increasing the replacement levels of vehicles which have been put off to a large degree the last two years.
Tuesday, January 11, 2011
Logistics Management regrets to report that Joseph F. H. Cutrona, former executive director of NASSTRAC (the National Shippers Strategic Transportation Council), passed away on December 25, 2010 in Naples, Florida.
On the heels of a 0.4 percent increase in November, the December edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) took a sharp turn north with a 2.4 percent increase. Prior to the gains of the last two months, the PCI was down 0.6 percent in November and 0.5 percent and 1.0 percent in September and August, respectively.
Thomas J. Donohue, in his annual “State of American Business Address” to business leaders at the U.S. Chamber of Commerce building across from the White House, is predicting 3.2 percent growth in Gross Domestic Product this year. That figure, higher than what most mainstream economists are predicting, is based on Donohue’s cautious optimism about overall economic conditions, including jobs and growth.
Diesel prices continued their upward march for the week of January 10, according to data released this week by the Department of Energy’s Energy Information Administration (EIA).
Friday, January 07, 2011
Earlier this week, the Federal Motor Carrier Safety Administration said that United States Transportation Secretary Ray LaHood shared “an initial concept document” with members of Congress for a long-haul cross-border Mexican trucking program.
Freight volumes finished 2010 on a somewhat uneven growth path in December, according to the most recent edition of the Cass Information Systems Freight Index.
Four organizations have individually filed amicus briefs in support of American Trucking Association in its challenge to the Port of Los Angeles Concession Agreement regulations
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Monday, January 03, 2011
Based on what various newspaper articles and other reports are saying about the economy’s growth prospects for 2011, it stands to reason there is a healthy sense of optimism in the air, when it comes to assessing the economy as we prepare to dig into what is likely to be an eventful year.