Wednesday, February 13, 2013
Commerce reported that January retail sales at $416.6 billion were up 0.1 percent compared to December, and the NRF reported that January retail sales, which exclude autos, gas stations, and restaurants, were up 0.3 percent on a seasonally-adjusted basis from December.
Posted on 02/13 at 11:13 AM
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 1.0 percent from November to December, following a 1.7 percent rise from October to November.
Posted on 02/13 at 11:06 AM
Two third-party logistics (3PL) service providers—Greatwide Logistics Services LLC and Cardinal Logistics Management Inc.—said today they have completed a merger of their two companies, which they said will create a market leading logistics organization that offers a broad service platform with annual revenues of more than $1 billion.
Posted on 02/13 at 11:05 AM
Tuesday, February 12, 2013
According to a new survey from Deloitte, global executives are increasingly concerned about the growing risks to their supply chains and costly negative impacts such as margin erosion and inability to keep up with demand.
Company officials said this expansion was made to address market trends related to increased manufacturing and consumer demand in many regions, with these lanes originating in Asia, Europe, the Middle East, Africa, and South Africa. With this expansion, UPS has more than 1,700 direct LCL lanes serving 116 countries.
Posted on 02/12 at 12:04 PM
Ocean Freight •
Staying true to a major theme of expanding its service offerings—growth through acquisition—non-asset based third party logistics (3PL) services provider XPO Logistics announced today it has acquired the operating assets of Statesville, North Carolina-based East Coast Air Charter Inc. (ECAC), a non-asset, 3PL focused on expedited air charter brokerage.
In its preliminary fourth quarter “Report on Productivity and Labor Costs,” IHS Global Insight U.S. economists suggest that both hiring and productivity will move upward…but at a snail’s pace.
Following a 9.5 cent gain a week ago, the price per gallon for diesel gasoline increased 8.2 cents to $4.104 per gallon this week, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 02/12 at 11:48 AM
Diesel Prices •
Monday, February 11, 2013
The United States Postal Service announced late last week that it finished the first quarter of fiscal year 2013 with a net loss of $1.3 billion, coming off of a fiscal year 2012 loss of $15.9 billion.
Posted on 02/11 at 11:47 AM
Fourth quarter 2012 merger and acquisition (M&A) activity in the transportation and logistics sectors was at its highest level in three years, according to Pricewaterhouse Coopers’ (PwC) report “Intersections: Fourth Quarter 2012 global transportation and logistics industry mergers and acquisitions analysis.”