Monday, July 09, 2012
This signing comes after a 30-month stretch in which funding for the nation’s transportation projects was kept intact by a series of 9 consecutive extensions, following the September 2009 expiration of the previous bill, SAFETEA-LU.
A Bloomberg report states that the four U.S.-based Class I railroads have asked the U.S. Court of Appeals to reverse the ruling, explaining that it could lead to a cumulative $10 billion or more in potential damages.
Posted on 07/09 at 09:13 AM
Rail Freight •
The survey which examines the state of the industry, and how manufacturers are adapting and improving their supply chains, also explores and how technology plays a role in enabling manufacturers to be more successful.
Thursday, July 05, 2012
Non-manufacturing activity in June was down slightly from May but still at a healthy level overall, according to the June edition of the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business.
FedEx said its FedEx Express subsidiary has completed the acquisition of Rapidão Cometa Logistica e Transportes S.A., a Brazil-based transportation and logistics services provider. The acquisition was initially announced in late May.
Posted on 07/05 at 10:19 AM
Global Logistics •
Tuesday, July 03, 2012
Multiregional less-than-truckload (LTL) carrier Saia said this week it has acquired truckload and brokerage services provider Robart Transportation Inc. and its subsidiary The RL Services Group LLC.
The price per gallon this week dropped 3 cents to $3.648, following declines of 5.1 cents and 5.2 cents, respectively, over the last two weeks.
Posted on 07/03 at 08:17 AM
Diesel Prices •
FedEx Express, a subsidiary of FedEx, said it has agreed to purchase 19 B767-300 aircraft from the Boeing Company. Company officials said Boeing has agreed to convert four Boeing 777s –two in fiscal 2016 and two in fiscal 2017—to 767 equivalent purchase value.
Posted on 07/03 at 07:29 AM
Monday, July 02, 2012
While manufacturing has been a constant source of strong economic growth in an economy replete with warning signs, the Institute of Supply Management’s June Manufacturing report on Business released today showed that manufacturing activity for the month was not as strong as it has been over the course of the last three years.
The mid-year less-than-truckload (LTL) rate hike is nearly complete, with UPS Freight, the LTL subsidiary of UPS announcing a general rate increase (GRI) of 5.9 percent, effective July 16.
Posted on 07/02 at 10:04 AM