Top Stories
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LTL/transportation: Con-way reports Q3 net income is down 66 percentJeff Berman, November 4, 2009Con-way reported today that quarterly net income at 13.5 million was down 66 percent year-over-year, and quarterly revenue at $1.13 billion fell 17.3 percent. And operating income at $41.1 million was off 47.9 percent. More
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Pressure builds for wider ports' authority(NITL) The National Industrial Transportation League, November 3, 2009Proponents of federal legislation that would authorize local governmental authorities such as ports to regulate truck drayage, security and related activities are actively lobbying members of California's Congressional delegation to build support for an amendment to the Federal Aviation Administration Authorization Act of 1994 (FAAAA). More
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Logistics news: ISM takes steps to re-launch Logistics and Transportation GroupJeff Berman, Group News Editor, November 2, 2009In an effort to provide a fresh start for its members, the Institute for Supply Management (ISM) recently announced it is taking steps to "rejuvenate and reconstitute" its Logistics and Transportation Group (LTG). More
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Outsourcing and respectBy John A. Gentle, DLP, November 1, 2009The idea of outsourcing often comes about when the CEO, controller, or another member of senior management reads an article—or has been speaking with a 3PL—about saving a minimum of 10 percent or more of their logistics costs by turning to a third party. However, I've found that these “savings opportunities” are often purely theoretical and are only supported by manageme... More
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Q4Q in reviewBy Logistics Management Staff, November 1, 2009For more than a quarter century now, Logistics Management’s (LM) Quest for Quality has been regarded in the transportation and logistics industry as the most important measure of customer satisfaction and performance excellence. To determine the best of the best, LM readers rate carriers and third-party logistics (3PL) companies strictly on the basis of service quality; and those winners... More
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Freight forwarders brace for changeBy Patrick Burnson, Executive Editor, November 1, 2009According to Global Freight Forwarding 2009, the recent report compiled by London-based Transport Intelligence Ltd. (Ti), this dynamic sector “is in the eye of a recessionary storm.” In fact, industry analysts who’ve examined market growth rates from 2008 and the first half of 2009 note that since the middle of last year there has been a massive reduction in demand for all for... More
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Price Trends, November 1, 2009Source: Elizabeth Baatz, Thinking Cap Solutions. E-mail: ebaatz@alertdata.com More
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Question of future capacity looms for shippers and carriersJeff Berman, Group News Editor, November 1, 2009Despite some recent sequential increases in trucking volumes, capacity has steadily continued to leave the marketplace in recent quarters. According to trucking analysts, the reasons for the capacity exodus vary, but they generally come back to common refrains, including low demand and consumer spending in conjunction with tight credit markets. More
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Fine-tuning your security strategyBy Suzanne Richer, Customs & Trade Solutions Inc., November 1, 2009The evolution of cargo security standards within international supply chains has brought with it the development of many best practices programs. The United States is leading the way with its Customs-Trade Partnership against Terrorism (C-TPAT) program, while other countries around the world are now joining in with similar initiatives such as the European Authorized Economic Operator (AEO) and ... More
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European Logistics: Meeting the challenge of climate changeBy Dagmar Trepins, European Correspondent, November 1, 2009While the global logistics and transportation industry is still working on global standards for accounting and trading greenhouse gas emissions, European third-party logistics providers (3PLs) and ports have started to green their own operations. Many have introduced new products and services to provide shippers with sustainable transport and logistics options in order to help organizations bet... More
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Keeping with traditionMichael A. Levans, Group Editorial Director, November 1, 2009November has traditionally been my favorite issue to produce. Year after year, it not only celebrates the career of an exceptional leader in transportation and logistics, but it also shares exclusive research that reveals how warehouse and distribution center operations are responding to current economic trends. More
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Management Update, November 1, 2009More
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NITL Executive of the Year: Remaking the rules with Nick DiMichaelBy Patrick Burnson, Executive Editor, November 1, 2009
As shippers and carriers work together to rebuild the global economy, the National Industrial Transportation League (NITL) has chosen one of the men behind the legal framework of this monumental effort as its 2009 John T. McCullough Award—an honor also known as the NITL Executive of the Year. Nicholas J.
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Railroad shipping: Norfolk Southern reports 3Q earnings are down 42 percentJeff Berman, Group News Editor, October 28, 2009Class I railroad carrier Norfolk Southern reported third quarter earnings of $303 million-or $0.81 per share-representing a 42 percent year-over-year decline. And operating revenue at $2.1 billion was down 29 percent. While earnings and revenue were both down, these figures topped Wall Street estimates, which were roughly between $0.77 and $0.79 per share. More
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Logistics and business news: Recent economic data indicates full recovery will take at least six monthsJeff Berman, Group News Editor, October 27, 2009In recent months, there have been various economic indicators suggesting that the economy has bottomed out, is slowly improving, or not showing significant signs of improvement. But regardless of the indicator-and how it is interpreted-one consensus remains the same: a true economic recovery is not likely to occur for the foreseeable future. More
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UPS reports Q3 net income is down 43 percentJeff Berman, October 22, 2009The ongoing slow economic recovery is reflected in today's third quarter earnings release from UPS, with the company announcing that quarterly net income at $549 million was down 43 percent and total revenue for the quarter of $11.2 billion was off nearly 15 percent year-over-year. More
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Ocean shipping/global logistics: Port Tracker report calls for 12.7 million TEU for 2009 retail import cargo volumeJeff Berman, Group News Editor, October 22, 2009Like last month, estimates for total 2009 import cargo volume at major U.S. container ports have been revised upward, according to the monthly Port Tracker report by IHS Global Insight and the National Retail Federation (NRF). More
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3PL news: Transplace expands service offerings for small and mid-sized shippersJeff Berman, Group News Editor, October 21, 2009Transplace, a non-asset based third-party logistics provider of transportation management and logistics technology services, recently announced it is expanding its service offerings for the small and mid-sized business market. More
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Ocean cargo/global logistics: Port of Tacoma chief to step downPatrick Burnson, Executive Editor, October 21, 2009The Port of Tacoma Commission has approved the terms of a transition inleadership. More
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Transportation and logistics earnings: J.B. Hunt., Werner report third quarter earnings are downJeff Berman, Group News Editor, October 20, 2009With third quarter earnings season underway, two of the largest freight transportation and logistics services providers-J.B. Hunt and Transport Services and Werner Enterprises-both reported that market conditions are making a noted impact on the bottom line with quarterly earnings down at both companies. More
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