NEMF Files Voluntary Chapter 11 Petition

Late yesterday New England Motor Freight (NEMF) filed for bankruptcy and will be going out of business.   This will impact over $400 Million of capacity in the market when LTL carriers were already flush with business.

Vincent Colistra, a Senior Managing Director with Phoenix Management Services, LLC (“Phoenix”), and Chief Restructuring Officer (“CRO”) for the Company, said, “We have worked hard to explore options for New England Motor Freight, but the macro-economic factors confronting this industry are significant. Following two years of losses, and with continuing and unsustainable rises in overhead as well as a severe industry shortage of drivers, we have concluded that the Company has no choice but to proceed with an orderly wind-down of operations in a Chapter 11 proceeding.”

The NEMF accouncement

The Wall Street Journal article

 

Railway Interchange 2019

It is official…DALKO Resources, Inc. will be participating again this year in the Railway Interchange Trade Show. The 2019 RI Show will be held on September 22-25 in Minneapolis, MN. We are excited to be part of this great event and look forward to seeing everyone there. Please add DALKO Resources, booth 2737, to your list when you create My Expo Plan using the RSI RI19 Interactive floor plan. This great tool can be found at: https://s15.a2zinc.net/clients/RSI/RI2019/Public/EventMap.aspx?shmode=E

Continue to check back with us for news and announcements about the Railway Interchange and DALKO’s participation at the event.

#MeetDalko #RailwayInterchange

YRC’S NEW POLICIES

 

On December 1st YRC Freight’s over length policy changed. All pipes, bars and tubes 8 feet or longer now need to be crated. These items will need to be crated on all six sides in order to be picked up by YRC. They have also made changes in their liftgate services. The new restrictions are based on weight and dimensions. YRC will only offer liftgate services for shipments that do not exceed 2500 pounds, 60 inches in length, 80 inches wide or 90 inches in height. Shipments that are not within these restrictions will not be picked up.  For more details please contact your DALKO account representative or the DALKO LTL department.

 

ITUNES-APPLE

ATRA POWERTRAIN EXPO

 

The Automatic Transmission Rebuilders Association met in Las Vegas, Nevada from October 31st, to November 3rd, 2018. Powertrain Expo is an international show with exhibitors from around the world. New products, services, and technologies that affect the transmission industry will be featured. DALKO Resources, Inc. was proud to be part of the transmission repair industry as a supplier of logistics and supply chain management. Raul Pacheco was at booth 202 answering logistics questions.

www.powertrainexpo.com

 

NATIONAL MANUFACTURING DAY 2018

Today, October 5, 2018 is National Manufacturing Day. Every year on the first Friday in October, we celebrate those who stand behind all goods made in America.

On this day, nearly 2000 manufacturers will open their doors to our young people who are interested in careers in manufacturing and engineering. The next generation of the work force that will be proud to say….”Made in America!”

Laramie Boomerang

Shipping Companies To Impose Surcharge

Due to factors involving the trucking industry, two intermodal companies have implemented a $300 per container surcharge fee. The fee does not apply to intermodal cargo moving under the shipper’s nominated truckers. The primary challenges the industry is facing are: The Federal mandate for Electronic Logging Devices, driver shortage and increased cost of operations, and severe weather in some markets. Other companies are expected to follow suit.

 

source:MSC Mediterranean Shipping Co

source:CMA GCM(America) LLC

Transportation Costs Dilemma

Transportation costs have increased at nearly double the inflation rate. This is forcing companies across the country to raise the cost of their products to consumers.Executives from multiple companies have said that they plan on raising prices, but would not say by how much. Increased economic growth, a shortage of drivers, reduced capacity, and higher fuel prices have driven up transportation costs. This will threaten retail prices on goods from everything from hamburger to underwear.

source:www.businessinsider.com

New Truck Orders Are Setting Records

Class 8 truck orders were up 75% year-over-year in the month of December, 2017. Orders reached nearly 38,000 compared to 21,400 a year earlier. These numbers were the highest in 3 years. Experts believe that the spike in orders are due to a number of factors. The main reason is the anticipation of President Trump’s infrastructure bill, along with construction companies increased jobs in 2018. The Associated General Contractors of America expect demand for all types of general construction to increase. Orders have been on the rise for the last three months.

source:transport topics 

December 16, 2017, Marks Wreaths Across America

On December 16, 2017, Christmas wreaths were laid on veteran’s graves in over 1000 cemeteries across the United States. All 50 states participated, as well as off-shore and National Cemeteries abroad. Over one million wreaths were delivered around the world. The ATA, American Trucking Association, and the Share the Road Highway Safety Program, led the convoy from Maine to Arlington National Cemetery, where they were met by thousands of volunteers. A large percentage of truck drivers are veterans. They stopped along the way at selected schools to teach students the value of our freedoms. Kudos to the trucking industry…never forget.source:www.dfwwreaths.com