Diesel prices headed up for the second straight week, following ten consecutive weeks of declines, according to the Department of Energy’s Energy Information Administration (EIA).
The Teamsters Freight Division last night said that leaders from about 160 union local unions representing ABF approved the tentative master contract, with the next step in the process being a vote by ABF’s 7,500 union drivers, dockworkers, mechanics, and clerical staffers.
According to a new study conducted by the global strategy and marketing consultancy Simon-Kucher & Partners, price pressure is higher in the logistics industry than in other sectors – no matter the country.
DAT said that spot market freight volumes in its DAT North American Freight Index were down 16 percent annually in April, adding that April 2012 represented a record-high. Volumes for vanload, reefer, and refrigerated were down 20 percent, 10 percent, and 15 percent, respectively, compared to a year ago.
Senior economist reports calmer global economy, calls for regional policy innovation.