Friday, September 12, 2014
Carload volumes were up 2.7 percent at 286,002, and intermodal volume was up 4.5 percent at 239,142 trailers and containers.
Posted on 09/12 at 09:26 AM
Non asset-based 3PL XPO Logistics said this week that three global blue chip institutions––PSP Investments, Singapore’s sovereign wealth fund called GIC, and the Ontario Teachers’ Pension Plan–– have invested a cumulative $700 million into XPO, which company officials said will be used to accelerate its growth strategy and allocated mainly for unspecified acquisitions.
Tuesday, September 09, 2014
Rumors of labor strikes and other supply chain disruptions are inspiring logistics executives to look toward the Eastern Seaboard. While West Coast ports remain dominant, JLL’s sixth annual Seaport Outlook shows rapid growth and demand for space by the nation’s ports on the East Coast.
Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Posted on 09/09 at 08:20 AM
Monday, September 08, 2014
Nine principles supply chain and logistics stakeholders are calling for in the next surface transportation reauthorization legislation were formally issued this week by the Freight Stakeholders Coalition, a group of nearly 20 shipping and transportation provider/planning groups collaborating to support U.S. freight mobility.
Posted on 09/08 at 05:55 PM
Market conditions continue to favor trucking carriers, due in large part to tight capacity, according to the most recent edition of the Trucking Conditions Index (TCI) from freight transportation forecasting firm FTR.
Posted on 09/08 at 09:53 AM
Spot Market •
Friday, September 05, 2014
Transportation and logistics titan UPS recently announced it has kicked off a $17.5 million expansion of its Menifee, California-based delivery center in an effort to handle increased shipping volume from regional customers.
Posted on 09/05 at 12:04 PM
United States Class I carloads were up 33,838 carloads–or 2.9 percent annually–at 1,212,287 in August, and intermodal was also solid in August at 1,075,688 containers and trailers, which represented a 4.3 percent-or increase of 44,520 intermodal units, over August 2013.
Posted on 09/05 at 10:38 AM
U.S.-bound waterborne shipments in July—at 1,258,142—were up 2 percent annually and up 5 percent compared to June.
Posted on 09/05 at 07:55 AM
Thursday, September 04, 2014
The Institute for Supply Management reported today that non-manufacturing activity in August was strong, as well as record setting, on a few fronts.