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Productivity Rises 2.2% in Second Quarter
Second-quarter U.S. worker productivity rose 2.2%, the Labor Department said Friday.
August 8, 2008Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Congress to Review UPS-DHL Air Accord
A congressional panel next month plans to review a plan by UPS to DHL Americas’ air shipments, Bloomberg reported late Friday.
August 8, 2008P.A.M. Takes $1.3 Million 2Q Loss
Truckload carrier P.A.M. Transportation Services said it lost $1.3 million, or 14 cents a share, in the second quarter, compared with net income of $2.2 million, or 21 cents, a year earlier.
August 8, 2008Warehousing: Fleets Acquire Storage Space to Expand Role in Supply Chain
The cost advantage offered by shipping direct and avoiding paying for warehousing and inventory is dwindling, possibly forever, as the price of fuel rises. As a result, more carriers have started looking at warehousing to play a larger role in the logistics process.
August 11, 2008Large TL Fleets Shed Longhaul to Seek More Regional Freight
Large truckload fleets are gaining business by shifting from marginally profitable longhaul lanes to regional trucking, which in turn is forcing smaller carriers with fewer resources to fight for that longhaul business, industry experts said.
August 11, 2008Trucking Bankruptcies Double; 1st-Half Capacity Loss Is 4.5%
Trucking company bankruptcies more than doubled in the second quarter, soaring 118% from last year as high fuel prices pushed 970 U.S. carriers out of business, a leading industry analyst said.
August 11, 2008Xata’s Third-Quarter Loss Narrows
Transportation software firm Xata Corp. said Wednesday it lost $712,000, or 8 cents a share, in its fiscal third quarter, compared with a loss of $1.6 million, or 21 cents, a year ago.
August 6, 2008Oil Rises to $120 in Early Trading
Oil prices rose to $120 a barrel in early trading Wednesday, a day after falling more than $2 to below that level, Bloomberg reported.
August 6, 2008Oberstar Blasts FMCSA for Slow Pace on Drivers’ Medical Certifications
WASHINGTON — On the heels of a report criticizing the federal government’s efforts to ensure that truck drivers are medically qualified, the House transportation committee’s chairman blasted the top truck safety agency for not living up to its mission and for dragging its feet on the health issue.
August 6, 2008TSA Suspends Identity Pass Program Due to Security Breach
The Transportation Security Administration said Monday it is suspending Verified Identity Pass — the company that operates Registered Traveler programs under the brand name Clear, due to a security breach.
August 5, 2008