/ By Charity Boughner / Freight Transportation • Industry News/ • • • / 0 Comments

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

 

/ By Charity Boughner / Freight Transportation/ • • • • / 0 Comments

PortMiami Tunnel Open

The new PortMiami Tunnel opened Monday May 19th after a dedication ceremony. Construction of the tunnel has taken four years. The tunnel was constructed to reduce the heavy traffic in the Central Business District of Miami caused by trucks, cruise line buses and private cars. Port Miami is one of the largest container ports in Florida and of the 16,000 vehicles that travel to and from it, 28 percent of it is truck traffic. Currently the existing routes to and from the port restrict its ability to grow and drives up costs for port users. With the opening of the tunnel that will provide a direct connection to and from the port to highways via Watson Island to I-395 the hope is the port will now be able to expand.PortMiami Tunnel Map

Additional Information: http://www.portofmiamitunnel.com/home/

/ By Charity Boughner / Freight Transportation/ • • • • / 0 Comments

PortMiami Tunnel Open

The new PortMiami Tunnel opened Monday May 19th after a dedication ceremony. Construction of the tunnel has taken four years. The tunnel was constructed to reduce the heavy traffic in the Central Business District of Miami caused by trucks, cruise line buses and private cars. Port Miami is one of the largest container ports in Florida and of the 16,000 vehicles that travel to and from it, 28 percent of it is truck traffic. Currently the existing routes to and from the port restrict its ability to grow and drives up costs for port users. With the opening of the tunnel that will provide a direct connection to and from the port to highways via Watson Island to I-395 the hope is the port will now be able to expand.PortMiami Tunnel Map

Additional Information: http://www.portofmiamitunnel.com/home/

/ By Charity Boughner / Freight Transportation/ • • • • • • • • • • • / 0 Comments

U.S.-NAFTA Freight Flows Up

The NAFTA freight data released by the Department of Transportation’s Bureau of Transportation Statistics (BTS) January 29th showed that U.S. trade with its NAFTA partners Canada and Mexico rose 1.3 percent from November 2012 to November 2013.US-NAFTA Feright Flow Value Nov 2013

Of the five transportation modes, truck, rail, pipeline, vessel and air that carried U.S.-NAFTA trade in November pipelines had the largest year-to-year growth at 7.4 percent.  Trucks came in second, having a 2.5 percent year-to-year increase, followed by rail which rose 2.2 percent.  Both vessel and air had a decrease in trade, 8.4 percent for vessel, and 4.0 percent for air. Read More

/ By Charity Boughner / Freight Transportation/ • • • • • • • • • • • / 0 Comments

U.S.-NAFTA Freight Flows Up

The NAFTA freight data released by the Department of Transportation’s Bureau of Transportation Statistics (BTS) January 29th showed that U.S. trade with its NAFTA partners Canada and Mexico rose 1.3 percent from November 2012 to November 2013.US-NAFTA Feright Flow Value Nov 2013

Of the five transportation modes, truck, rail, pipeline, vessel and air that carried U.S.-NAFTA trade in November pipelines had the largest year-to-year growth at 7.4 percent.  Trucks came in second, having a 2.5 percent year-to-year increase, followed by rail which rose 2.2 percent.  Both vessel and air had a decrease in trade, 8.4 percent for vessel, and 4.0 percent for air. Read More

/ By Charity Boughner / Freight Transportation/ • • • / 0 Comments

Increase in Freight Shipments

According to the U.S. Department of Transportation’s Bureau of Transportation Statistics Freight Transportation Services Index the amount of freight carried by for-hire transportation rose 0.8 percent in September from August, a 4.3 percent increase from the same moth last year.  This is the third consecutive month it rose, and reached its highest all-time level.  All modes of freight transportation rose in September except rail carloads.

In its report the BTS stated, “The accelerating growth in each month of the third quarter of 2013 is consistent with gross domestic product growth of 2.8 percent during those months.”

/ By Charity Boughner / Freight Transportation/ • • • / 0 Comments

Increase in Freight Shipments

According to the U.S. Department of Transportation’s Bureau of Transportation Statistics Freight Transportation Services Index the amount of freight carried by for-hire transportation rose 0.8 percent in September from August, a 4.3 percent increase from the same moth last year.  This is the third consecutive month it rose, and reached its highest all-time level.  All modes of freight transportation rose in September except rail carloads.

In its report the BTS stated, “The accelerating growth in each month of the third quarter of 2013 is consistent with gross domestic product growth of 2.8 percent during those months.”

/ By Charity Boughner / Freight Transportation/ • • • / 0 Comments

Freight Shipments in June Were Down

According to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS) Freight Transportation Services Index the total amount of freight carried by the for-hire transportation industry fell 2 percent in June compared to May 2013.  The BTS analysis was that the 2 percent decrease was driven by a decline in rail carloads and pipeline shipments.  Compared to June of last year, freight shipments were up 1.8 percent.

bts TSI June2013

Information gathered from the U.S. Department of Transportation’s Bureau of Transportation Statistics’ website. For more details and charts please visit http://www.rita.dot.gov/bts/press_releases/bts037_13

/ By Charity Boughner / Freight Transportation/ • • • / 0 Comments

Freight Shipments in June Were Down

According to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS) Freight Transportation Services Index the total amount of freight carried by the for-hire transportation industry fell 2 percent in June compared to May 2013.  The BTS analysis was that the 2 percent decrease was driven by a decline in rail carloads and pipeline shipments.  Compared to June of last year, freight shipments were up 1.8 percent.

bts TSI June2013

Information gathered from the U.S. Department of Transportation’s Bureau of Transportation Statistics’ website. For more details and charts please visit http://www.rita.dot.gov/bts/press_releases/bts037_13

/ By Charity Boughner / Freight Transportation/ • • • • • • • • • • / 0 Comments

U.S. Freight Forecast to 2024

The U.S. Freight Transportation Forecast released by the American Trucking Association (ATA) profiles the current state of the entire freight transportation industry and provides an outlook for all modes during the next decade. 

Below are some of the projections from the latest edition, U.S. Freight Transportation Forecast to 2024: Read More