Container lessors spent $4 billion during 2010 to renew the box fleet and are expected to further increase spending the next two years, according to a new report from the Institute of International Container Lessors.
June 15, 2011Business
Industrial Production Rises 0.1% in May
Industrial production rose 0.1% in May as factory output rose but utility output declined, the Federal Reserve said Wednesday.
June 15, 2011BusinessGovernmentLogistics
L.A. Port Volume Rises in May
The Port of Los Angeles said its May import cargo volume rose 5.5% from a year ago, to almost 361,000 20-foot equivalent units.
June 15, 2011Business
Consumer Price Index Rises 0.2% in May
The consumer price index rose 0.2% in May, the Labor Department said Wednesday.
June 15, 2011Business
ATA Names New VP of Legislative Affairs
American Trucking Associations said it has hired Caroline Decker as its new vice president of legislative affairs.
June 15, 2011Business
U.S., Mexico Reportedly Close to Signing Cross-Border Trucking Agreement
The United States and Mexico are close to signing a formal cross-border trucking agreement and could do so as early as this month, according to a Mexican government minister, Bloomberg reported.
June 14, 2011Business
Trucking Exec Testifies Against Proposed Changes to HOS Rule
Proposed changes to the federal hours-of-service rule are unwarranted and would harm small businesses nationwide, a trucking executive told a Congressional panel Tuesday.
June 14, 2011BusinessFuel
Diesel Rises 1.4¢ to $3.954; Gas Drops 6.8¢
Diesel’s national average rose 1.4 cents to $3.954 a gallon, its first increase in six weeks, while gasoline dropped 6.8 cents to $3.713, the Department of Energy said.
June 14, 2011Business
Business Inventories Rise 0.8% in April
Business inventories rose 0.8% in April, the Commerce Department said Tuesday.
June 14, 2011Business
Cass Freight Index for May Shows 9.6% Increase in Shipments
The Cass Freight Index, which measures freight bills paid for shipments moved primarily by truck, rose 9.6% in May from the same month a year ago, but the latest report showed a slow-down in the growth pace tied to the economy.
June 14, 2011