ATRI Reports Cost of Trucking Notches Record in 2021
Soaring prices for diesel fuel, rising maintenance costs and higher wages for drivers pushed the price of operating a truck up 12.7% in 2021 to $1.855 per mile — the highest level on record — according a report released Aug. 10 by the American Transportation Research Institute.
August 9, 2022UPS to Acquire Health Care Logistics Firm Bomi Group
UPS announced plans to acquire Italian-based health care logistics firm Bomi Group to expand the reach of its health unit globally.
August 9, 2022Georgia Extends Fuel Tax Suspension Through Sept. 12
State taxes on diesel and gasoline in Georgia will continue to be suspended through Sept. 12 after Gov. Brian Kemp extended an expiring executive order issued earlier this year.
August 9, 2022Shipping Container Lines Set to Smash Year-Old Profit Record
The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.
August 9, 2022US Retail Cargo Seen Cooling in Second Half as Inflation, Rates Bite
U.S. ports will see less retail cargo entering the country in the second half of the year as economic growth slows amid back-to-back interest rate increases and persistent inflation.
August 8, 2022New Louisiana Port Project Looks to Expand Intermodal to DFW Area
Developers and port officials in Dallas County, Texas, are talking with leaders building the new Plaquemines Port Harbor and Terminal District/Louisiana Gateway Project to expand the reach of the budding Gulf of Mexico facility.
August 8, 2022Oregon Eyes Tolling Portland Region’s Interstates
Oregon is asking for public input on a congestion pricing plan to impose tolls on all lanes of Portland’s two interstates that would result in commercial trucks paying higher rates than passenger vehicles.
August 8, 2022STB Says ‘Train Noise’ Would Be Only Negative Impact of CP-KCS Merger
The Surface Transportation Board’s Office of Environmental Analysis determined the only potential adverse impacts of Canadian Pacific’s proposed merger with Kansas City Southern would be train noise, according to the STB’s Draft Environmental Impact Statement released Aug. 5.
August 8, 2022XPO Posts Strong Q2 Earnings Amid Upcoming Leadership Change
XPO Logistics Inc. on Aug. 4 reported record revenue and net income for the second quarter, part of a busy week for the Greenwich, Conn.-based company.
August 5, 2022Labor Chief Sees No Sign of Strike, Lockout in West Coast Port Talks
Labor Secretary Marty Walsh said he sees no signs of a strike or a lockout looming in the contract negotiations between dockworkers and employers at some of the nation’s most important ports, even as talks continue without a contract.
August 5, 2022