In February, freight shipments and expenditures each saw annual gains, with shipments up for the 17th consecutive month and expenditures up for the 14th consecutive month.
FTR said that the January reading represents upward trajectory reflecting maxed out capacity and the accompanying rate increases being realized by carriers, adding that trucking conditions have been unusually strong in the first quarter with carriers approaching the most favorable environment they have experienced in 14 years.
Railroad service issues once again have the attention of the Department of Transportation’s Surface Transportation Board (STB), with STB Acting Chairman Ann Begeman and Vice Chairman Deb Miller penning letters to the top executives at the seven North American Class I railroads, requesting each carrier’s service outlook for both the near term and the rest…Details
Another strong earnings performance by FedEx was reported by the Memphis-based transportation and logistics titan late yesterday. Fiscal second quarter net income at $16.5 billion was up 9%, and earnings per share at $3.72, which topped Wall Street expectations of $3.11 per share. Quarterly operating income of $1.11 billion was up around 1%. FedEx said…Details
INTTRA, a neutral electronic transaction platform, software and information provider serving the ocean cargo community, announced today that it has added Korea’s Namsung Shipping Co. Ltd. as part of its wide-ranging strategy.
Earlier this week, UPS heralded the most recent additions to its Marketplace Shipping offering, which it described as a technology solution that enables merchants to view, process, and ship orders from various e-commerce marketplaces and online stores through a single online interface. UPS introduced marketplace shipping four years ago to provide customers with a simple…Details
If someone asked you point blank: “what is the biggest issue in freight transportation today?” there is a better than good chance that the truck driver shortage would be at the top of the list. Why wouldn’t it be either? It is a topic of daily discussion at every industry trade show and conference, while…Details
The average price per gallon was down 0.04 cents to $2.972, with the average price per gallon falling a cumulative 11.4 cents going back to the week of February 5, when it was at $3.086.
Entitled Parcel Metro, DHL said that this offering essentially provides what it called a virtual delivery network of local and regional delivery vendors and crowd-sourced drivers and vehicles to ensure last-mile flexibility and capacity.
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index dipped 2.6% to 109.2 (2015=100) from January’s 112.1, which was up 1.6% compared to December (and downwardly revised from an initial reading of 2.0%).