February volumes at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) continued the strong momentum that kicked off 2016 in January, according to data respectively issued by the ports last week.
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FMCSA Seeks to Ease the Way for Vets to Become Truckers
The Federal Motor Carrier Safety Administration wants to make it easier for military veterans to transition into civilian careers in the truck and bus industry by simplifying the process of getting a Commercial Learner’s Permit or Commercial Driver’s License.
U.S. import, export prices decline in February
Price indexes for U.S. imports and exports dropped 0.3 percent and 0.4 percent month-over-month, respectively, according to the United States Department of Labor’s Bureau of Labor Statistics.
POLA and POLB report strong February volumes
February volumes at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) continued the strong momentum that kicked off 2016 in January, according to data respectively issued by the ports last week. POLA and POLB are the two largest North American ports, and they collectively account for more than 40 percent […]
Chinese Shipping Majors Splash $2.5 Billion for 30 Giant Valemax Vessels
Chinese shipping majors Cosco Group, China Merchants Group and ICBC Financial Leasing Co. have placed orders for 30 giant Valemax vessels worth a combined $2.5 billion. The move will tighten Beijing’s grip on iron-ore shipments from Brazil over the next decade and increase pressure on Western shipowners struggling to find cargo in one of the […]
Diesel prices head up for third week in a row, reports EIA
The average price per gallon for diesel gasoline headed up for the third week in a row, according to data issued by the Department of Energy’s Energy Information Administration (EIA).
Trucking hits hiring roadblock as US unemployment drops
The U.S. economy added jobs in February, but not in trucking. Payrolls at for-hire trucking companies declined last month for the first time since October, shedding approximately 600 jobs, according to the U.S. Bureau of Labor Statistics. That pushed the JOC.com For-Hire Trucking Employment Index down from a reading of 101.3 in January to 101.1 […]
Senate antitrust subcommittee members voice concerns over CP-NS deal
Two top members of a United States Senate subcommittee for antitrust matters have sent a letter to the U.S. attorney general’s office voicing concerns over Canadian Pacific Railway’s proposed takeover of Norfolk Southern Corp. CP last week sent a petition to the U.S. Surface Transportation Board (STB) asking for a declaratory order confirming the viability […]
Spot Rates Move Higher Following Bleak February
Following a dismal February performance, Spring has sprung on the spot freight market, with rates moving higher in all three trucking categories for the first time in several weeks. The number of available spot market loads gained 12% for the week ending March 5 compared to the previous week.
FMCSA Redefining “High Risk” Motor Carrier
The Federal Motor Carrier Safety Administration is adopting a new “High Risk” motor carrier definition along with investigative procedural changes aimed at enabling investigators “to take more immediate action against carriers with the highest crash risk.”