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American Trucking Associations’ tonnage index declined 13.6% in June from year-ago levels, the biggest such decline since early 1996. More...
Truck tonnage decreased 11% in May compared with a year ago, but increased from April, American Trucking Associations said late Friday. From TBS where we specialize in Factoring Trucking. More...
Heavy-duty U.S. truck sales continued their severe slide into a fifth month, as retail volume fell 39% in May, while the year-to-date total now lags the pace of last year by 33.9%, according to WardsAuto.com. TBS your Freight Factoring Specialist. More...
Carriers and shippers say freight rates continue to drop and with no immediate end in sight, driven by three forces: weak demand, overcapacity and shippers’ moves to cut costs by soliciting new bids. Factoring Trucking is what we do! More..
Truck tonnage decreased 13.2% in April compared with a year ago, falling to the lowest level in seven-and-a-half years, American Trucking Associations said. From TBS your Truck Factoring Specialist. More...
A broad spectrum of truckers are reporting modest recent improvement in freight levels, but industry executives last week said it still was too early to declare a steady positive trend is emerging. TBS your Freight Factoirng Specialist. More
Intermodal rail traffic fell 19.4% last week compared with the same week last year, the Association of American Railroads said.
Total intermodal volume fell to 188,435 units, from 233,824. Container volume fell 14.1%, while trailer volume plunged 39.1%, the group said. TBS your Freight Factoring Company More.
Overall freight rail traffic fell 25.3% for the week, to 331,198 carloads, AAR said in its weekly report.
Railroad volume is considered an important economic indicator. Intermodal traffic, which tends to be higher-valued merchandise than bulk commodities, uses trains for the long haul and trucks for the shorter distance at either end of the trip.
By Transport Topics
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said. From TBS your Freight Factoring Specialist. More.
The increase follows last week’s 3.1-cent climb and leaves trucking’s main fuel $2.266 below the same week last year, DOE said following its weekly survey of filling stations Monday.
Gasoline, meanwhile, rose 6.9 cents to $2.309 a gallon, remaining over diesel for a second straight week since July 2007. Gas jumped 16.2 cents last week.
Diesel hit a four-month high of $2.229 a gallon in mid-April before declining 4.4 cents in the following three weeks and then rising 3.1 cents last week.
Oil pushed past $59 a barrel Monday on the New York Mercantile Exchange, in part because of a Sunday night explosion at a Sunoco refinery on the Delaware-New Jersey border, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
By Transport Topics
Less-than-truckload carrier YRC Worldwide plans to ask for $1 billion in federal bailout money to help relieve its pension obligations, the Wall Street Journal reported Friday. Freight Factoring is our specialty. More.
The move comes as the company is struggling to shore up its finances, and Chief Executive Officer William Zollars said YRC will seek the money to help cover the cost of its estimated $2 billion pension obligation over the next four years, the paper reported.
By applying to the for money under the federal Troubled Asset Relief Program, Zollars said he hopes to "get the conversation started" with federal officials about reducing YRC’s pension obligations, the Journal said, and YRC could submit an application to the Treasury Department as early as Friday.
YRC Worldwide is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
