Daily Transportation and Logistics News – June 15, 2011

Spot Market Freight Index Sets Record
TransCore’s North American Freight Index marked the fifth consecutive month with the highest same-month spot market freight availability in it s15-year history, up 10 percent compared to one year ago.

Senator Cardin introduces bill to prioritize repair of bridges and roads
One member of the influential Senate Committee drafting the transportation bill introduced legislation aimed at making repair and maintenance of existing infrastructure a higher priority.

Trucking news: ACT report points to continued demand for commercial vehicles
Even with some recent moderation in freight volumes and signs of renewed economic weakness, ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said this week that demand is still strong for commercial vehicles.

New Report: High Gas Prices, More Than Low Fares, Encourage Transit Ridership
The rise in gas prices that occurred earlier this year underscored a common wisdom: when fuel costs increase, more people ride public transportation. But gas prices are only one factor that can influence transit ridership.

Report indicates U.S.-Mexico cross-border trucking dispute may be settled soon
A Bloomberg report released earlier this week stated that Mexican Economy Minister Bruno Ferrari said his country will sign a formal agreement to end a cross-border trucking dispute with the U.S. as early as this month, setting the stage for the Latin American country to remove punitive tariffs.

ATA Seeks Withdrawal of Hazardous Materials Loading and Unloading Proposal
In comments filed with the Pipeline and Hazardous Materials Safety Administration, American Trucking Associations asked the agency to withdraw its proposal to regulate the loading and unloading of hazardous materials in order to conduct needed research.

Logistics Costs Outstripped GDP Growth in 2010
U.S. logistics costs rose to 8.3 percent of GDP last year from a record low of 7.8 percent in 2009 and are expected to continue to grow faster than the economy, according to an annual supply chain benchmark.

State of Logistics 2010: Slow growth, ‘elusive’ recovery
Business logistics costs rose 10.4 percent last year, totaling $1.21 trillion, which is about what American businesses paid for freight transport in 2010, according to the authoritative 22nd annual State of Logistics report released Wednesday.

– Ben Dundas, Web Analyst
Follow me @ben37dBG