ST. LOUIS, MO- The U.S. economy is on solid ground and bringing higher transportation costs, according to Rosalyn Wilson, supply chain expert and senior business analyst with the management services firm Parsons.
“With carriers gaining more control over rates and capacity tightening, total freight spend in 2014 was higher than in any preceding year,” Wilson said. “As long as capacity remains precariously balanced, we will continue to see a slow trend upwards.”
Parsons’ Cass Freight Index, which measures trends in North American shipping activity based on $23 billion in paid freight expenses for hundreds of large shippers, showed shipment volumes and freight spending both dropped in January, but were at their highest level for the month in three years.
WASHINGTON, DC- The trucking industry’s effort to suspend the current 34-hour restart is inching closer to victory.
WASHINGTON, DC – The value of cross-border trade between the U.S. and its North American trading partners, Canada and Mexico, was up 5.4 percent in May compared to last year.
WASHINGTON, DC – Trade between U.S. and its neighbors, Canada and Mexico, rose by 6.2 percent year-over-year in March, totalling $101.5 billion, according to a new U.S. Transportation report.
WASHINGTON, DC – Most of the freight transported between US and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico in December was hauled by truck, according to a new U.S. Transportation Department report.
WASHINGTON, DC – The trucking industry is buzzing with talk of yesterday’s announcement, made by U.S. President Barack Obama, of the next phase of truck fuel efficiency standards. And not everyone’s seeing eye to eye.
TORONTO – February 2014 had the highest recorded year-over-year increase in volume of goods transported by truck – an increase of 60 percent, according to TransCore Link Logistics’ Canadian Freight Index.
MONTREAL, QC – Illinois-based private equity investment firm Wind Point Partners bought a majority stake in Montreal-based trucking company Dicom Transportation Group.
MEMPHIS, TN – FedEx Freight will increase shipping rates by about 3.9 percent, effective March 31.
MONTREAL, QC – The largest Canadian carrier, TransForce, says bad weather,the closure of its oil rig and severance costs caused profit to fall to $12.3-million in the fourth quarter of 2013 from $36.1-million a year earlier.
MONTREAL, QC- TransForce has a $310-million US deal to buy Minnesota-based Transport America, Inc., a truckload carrier in the United States.
WINDSOR, ON – The Ambassador Bridge announced changes to toll collections for all Canada-bound trucks, the Ontario Trucking Association reports.
WASHINGTON, DC – January’s extreme cold kept more trucks off the roads, causing freight transportation levels in the U.S. and Canada to fall by 3.4 percent compared to January 2013, U.S. Department of Transportation data shows.
NEW YORK, NY – U.S. officials are stepping up enforcement on Canadian carriers regarding payment of the federal heavy duty vehicle use tax (HVUT), which may result in some trucks being turned around at the border.
OTTAWA – Government officials from Canada and the United States announced a new joint border investment plan called Canada-United States Border Infrastructure Investment Plan (BIIP).