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TRUCKING INDUSTRY NEWS * USA
* The economic news today is confusing, to say the least
Grain Valley,MO,USA -Land Line Magazine -January 10, 2008: -- Economists point north, south, east, west... MarketWatch reports holiday retail sales were “weak”... But Reuters reports that sales were stronger than expected – showing a 4.5 percent gain compared with holiday sales in 2006... Equally confusing are the predictions on whether the United States is heading into a recession... United Parcel Service CEO Scott Davis says the risk of recession has increased... Economists at the investment banking firm Goldman-Sachs say a recession may already have started. And Bloomberg reports that its survey of 62 economists finds a majority saying the U.S. won’t have a recession because consumer spending will help us dodge the bullet...
* COMMENTS - Trucking Industry In For ‘Lackluster’ ‘08
Memphis,TN,USA -First Choice Logistics E-News/Memphis Daily News -10 Jan 2008: -- The national trucking industry received mixed reviews as 2007 drew to a close. While it posted solid numbers in November, the business otherwise finished with a lackluster year, according to the most recent report by the Arlington, Va.-based American Trucking Associations (ATA)... How much that paralleled the local trucking industry remains unclear... Indeed, the rise of fuel prices - Oil reached a record high of $100.09 per barrel last week before dropping to $95.21 per barrel Monday - has been a major factor for trucking... 'Lackluster freight volumes': Total goods shipped by truck in the U.S. rose 3.3 percent in November compared to November 2006. It was only the second year-over-year increase in eight months but the biggest increase from year-ago levels since January 2005, according to ATA... Seeking other options: Meanwhile, a trucking slowdown could prove beneficial for intermodal operators, who combine rail and truck to move goods more economically, albeit more slowly... Cities that aren't close to railheads won't be able to take advantage of that option...
* Roemer Report Notes Increase in Trucking's Share of Nation's Freight Pool
Toledo,OH,USA -PRWEB -January 10, 2008: -- The January edition of The Roemer Report, discusses the projected growth in trucking's share of the nation's freight pool, as predicted by the American Trucking Associations in a recent news release... Despite a rough economic forecast for 2008, the ATA predicts a greater role for trucking in the coming years... The Roemer Report states that trucking within the United States accounted for $196 billion in U.S. motor carrier revenue, while revenue from transportation to Canada, Mexico and other destinations amounted to $8 billion...
* Con-way Inc. changes name of truckload operations to Con-way Truckload
San Mateo,CAL,USA -Truck News (CAN), by Lou Smyrlis –10 Jan 2008: -- Con-way has announced that its truckload operating unit, Contract Freighters, Inc. (CFI), will now be known as Con-way Truckload... Con-way Inc. completed the $750 million acquisition of the privately held Joplin, Mo.-based international truckload carrier on Aug. 23, 2007...* New England Motor Freight and Concord Transportation sign partnership agreement
Elizabeth,New Jersey,USA -Truck News (CAN), by Lou Smyrlis –10 Jan 2008: --
New England Motor Freight is partnering with Toronto's Concord Transportation to handle transborder shipments...
Under the terms of the agreement, Concord will receive NEMF freight in Chicago for delivery to Western Canada, in Toronto for Ontario deliveries, and in Montreal for shipments to Quebec and Atlantic Canada. To complete the exchange Concord freight destined for the Northeast United States will flow through NEMF... Labels: trucking industry news USA
posted by Unknown @ 6:12 AM
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