January 15, 2015: Low fuel prices mixed blessing for trucking; Words fly over Mexican carrier access to U.S.; Sinkhole swallows snow plow.
Jan. 15, 2015
Here is a look at what is happening in the world of transportation this morning:
- Falling oil prices may make trucking more competitive with the railroads, even where intermodal is concerned, notes the Wall Street Journal.
- Freight volumes moved by for-hire transportation providers reached an all-time high last November, according to the Bureau of Transportation Statistics.
- A battle of words continues unabated over the decision to allow Mexican trucking companies to operate on U.S. roads, reports Forbes.
- The precipitous drop in global oil and fuel prices isn’t helping the bottom line of regional trucking firms in Australia as much as thought, notes ABC Online.
- Canadian trucking firms aren’t witnessing huge profit windfalls from lower diesel prices either, according to The Vancouver Sun.
- A snow plow in Cleveland, OH, gets gobbled up by a massive sinkhole, reports Fox 8 TV.
- SFist shows off a video clip of the Golden Gate Bridge’s new “zipper truck” in action.
- An effort to sell $1.25 billion worth of shares in Hyundai Motor’s global logistics arm goes nowhere, according to Global Manufacturing.
- United Parcel Service is expanding three of its contract logistics facilities in Europe; a move that comes hard on the heels of Big Brown’s expansion of its worldwide express freight network.
- Cargo volume reached an all-time high in 2014 for the Port of Oakland.
- New Jersey lawmakers remain confident they can hash out a transportation funding solution for the Garden State, reports the Ashbury Park Press.
