The small decline in the Department of Energy/Energy Information Administration diesel price this week is notable mostly when a look into the past is undertaken. The price published by DOE/EIA that is used for most diesel surcharges was $4.022 per gallon effective Monday, a drop of 3.6 cents a gallon from a week earlier. In…
As nearshoring attracts more manufacturers to prime sites in Mexico, real estate firm Meor is betting big on continued demand for industrial space along the border. Meor, a real estate developer based in Mexico City, announced its search for U.S. equity partners to help fund a $1.7 billion plan to develop a multiphase portfolio of…
Less-than-truckload carrier Saia Inc. reported an 11% year-over-year (y/y) increase in tonnage per day during February. The increase was the combination of a 19% jump in shipments, which was partially offset by a 6.7% decline in weight per shipment. The y/y per-day growth rates accelerated from January, when the carrier’s shipments increased 11.8% and tonnage…
UPS Airlines will open by April a 275,000-square-foot hangar at its Worldport hub in Louisville, Kentucky, that is large enough to park two Boeing 747-8 cargo jets side by side, according to the company. UPS (NYSE: UPS) invested $220 million in the new facility, which triples the maintenance footprint in Louisville for the largest plane…
On a recent episode of Taking the Hire Road, guest host Leah Shaver, president and CEO of The National Transportation Institute, welcomed Avery Vise, vice president of trucking at FTR, for a conversation about the data behind trucking, the economy and the labor market. Vise has long been tuned in to the data that showcases…