Daily Transportation and Logistics News – May 17, 2011

Japan Delays Decision on Trans-Pacific Pact

Japan will delay any decisions on whether to join negotiations toward a US-led trans-Pacific free trade agreement under new economic policy guidelines the government adopted Tuesday. The Trans-Pacific Partnership is a regional free trade initiative currently being negotiated among the US, Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.

T4 teams up with fiscally conservative groups to promote innovative transportation solutions

Transportation for America partnered with Taxpayers for Common Sense and the Reason Foundation on a report detailing innovative and cost-effective transportation solutions with the potential to command broad support in a divided Congress.

TransCore’s North American Freight Index Dips in April Due to Extreme Weather

The freight index showed a 14 percent decline in spot market truckload freight volume for the month of April as compared to March. The index did show a 12 percent increase compared to April 2010.

Obama Pushes Transport Agenda

President Obama gave a strong push to a transportation infrastructure program that builds on the 2009 stimulus program to repair roads, re-engineer the rail system and “maintain a world-class logistics network.”

Diesel, Oil Prices Drop

Diesel prices dropped for the second week in a row, down 4.3 cents nationally to $4.061 per gallon, as crude oil prices fell to a two-month low on Monday.

Port Tracker report calls for short-term volumes flattening before return to annual growth

The most recent edition of the Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for import cargo volume at major US-based container ports to closely resemble last year, with a leveling off in May volumes.

– Ben Dundas, Web Analyst