Daily Transportation and Logistics News – May 31, 2011

ATA Predicts a Good Decade Ahead for the Trucking Industry

The American Trucking Associations has predicted a bright future for the trucking industry in its Freight Transportation Forecast to 2022. In the forecast, the ATA said the trucking has a good decade of growth ahead.

An Encouraging Development

A bipartisan group of heavy-hitter in the US Senate showed that they were prepared to lead the charge to get a transportation funding bill through Congress. The group, calling itself “The Big Four,” outlined a proposal to spend $339 billion over the next six years as the best way to break the impasse that has prevented passage of a full highway bill for years. More information can also be found here.

Ocean shipping: Global Port Tracker report calling for strong growth prospects in future quarters

Coming off a less-than-stellar first quarter, future prospects for import and export container volumes in Europe are expected to grow over the next six months, according to the monthly Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.

NAFTA Surface Trade Posts Record Value

The value of surface transportation trade between the US and Canada and Mexico hit a record $80.8 billion in March, a gain of 15.6 percent over the previous year. This increase, which is the highest monthly total since 1994, was reported by the US Department of Transportation.

Trucking HOS rule date pushed back to late October by FMCSA

The FMCSA recently announced that it will not meet its initial goal of publishing a new hours of service (HOS) rule by its initial deadline of July 26, based on the changes to the rule it proposed late last year. It has now been pushed back to October 28.

– Ben Dundas, Web Analyst