Truckload Capacity Tightening, Shippers Say
Shippers expect truckload capacity to keep tightening over the next year, but believe the less-than-truckload market will be more stable, according to a recent survey. A Wolfe Trahan survey found 77 percent of shippers expect truckload capacity to get tighter, the highest percentage since 2004, the equity research firm said.
Global logistics: New Panjiva report takes a closer look at export growth
While last week’s news that the United States trade deficit headed in the right direction, coming in at $43.7 billion in April, its lowest tally since last December, analysis from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicates there may be more than meets the eye when gauging how much of an improvement the April numbers were.
Exports Help Drive Intermodal Gains in May
Intermodal traffic in May was up from a year ago, thanks to growing international trade and other factors. According to the Association of American Railroads, intermodal freight increase in May by 7.5 percent compared to May 2010.
DOE Predicts $102/Barrel Oil, $3.87/Gallon Diesel for 2011
Although crude oil prices dropped in early May, the US Department of Energy still expects oil markets to tighten through 2012 and predicts that WTI spot prices, which averaged $79 per barrel in 2010, will average $102 per barrel in 2011 and $107 per barrel in 2012.
Trucking Groups Call on NHTSA to Examine Truck Crashworthiness Standards
American Trucking Associations and the Owner Operator Independent Drivers Association together called on the federal government to begin researching standards for crashworthiness for heavy trucks.
– Ben Dundas, Web Analyst
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