Daily Transportation and Logistics News – Apr. 15, 2011

Government audit confirms that TIGER, rail grants followed merit-based process, despite GOP complaints

Several Republican lawmakers are claiming that a report released by the Government Accountability Office (GAO) revealed a lack of transparency and accountability for where the money went when awarding high-speed rail and TIGER grants.

US Exports, Imports Fall in February

The US trade deficit has shrunk to 2.6 percent in February as both imports and exports fell from the previous month. The US Commerce Department reported yesterday that exports fell 0.3 percent and imports fell 0.2 percent, partially caused by a drop in imports of automobiles and capital goods.

March truckload spot market sets another record month, according to TransCore

TransCore, a truckload freight board, has released the numbers for March of truckload spot market freight availability. March load volume was up 23 percent from February and 40 percent annually. Flatbed freight showed the largest increase with a 57 percent gain.

Foreign Freight Forwarders Criticize Tariff Rule

FIATA and the International Federation of Freight Forwarders Associations have spoken out against the recent easing of FMC rules for US non-vessel operating common carriers (NVOCCs). The exemptions given to US NVOCCs were not extended to foreign carriers.

FTR Shippers’ Condition Index at lowest level since 2004

The Shippers’ Condition Index (SCI) from FTR Associates has a current reading of negative 7.7, which indicates continued deterioration with the outlook for capacity shortages getting worse.

– Ben Dundas, Web Analyst