Wednesday, August 01, 2012
Net income of $41.8 million—or $0.74 per share—was up 30 percent annually. And operating income—at $80.1 million—saw a 33.2 percent annual improvement, with revenue—at $1.45 billion—seeing a 7.2 percent improvement.
Posted on 08/01 at 02:04 PM
Con-way Freight •
On the heels of June, which registered its lowest monthly reading in three years, July’s Manufacturing report on Business from the Institute for Supply Management (ISM) was fairly flat in comparison.
Trucking interests are back in court challenging the government’s latest attempt to reduce the hours a truck driver can legally work—and they are getting some help from some of the largest shippers in the nation.
Not surprisingly, the United States Postal Service announced this week it is unable to make $5.5 billion in mandated prefunding health retiree benefits to the Treasury, which is due today, as well as a $5.6 billion payment due on September 30.
In its ongoing quest to help U.S. multinationals remain competitive in the global marketplace, the University of Tennessee’s Global Supply Chain Institute recently convened its private sector “advisory board” in Chicago for a one-day forum
Tuesday, July 31, 2012
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 8.3 percent in May 2012 compared to May 2011 at $83.8 billion.
A recent Bloomberg report stated that European Union (EU) regulators have extended their review of UPS’s bid to acquire Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator for $6.28 billion by ten working days until December 12.
Increasing diesel prices appear to be the norm again, with the price per gallon up 1.3 cents to $3.796 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 07/31 at 08:07 AM
Diesel Prices •
Monday, July 30, 2012
In a July 25 letter to Department of Homeland Security Secretary Janet Napolitano, Representative Bennie G. Thompson (D-Miss.), ranking member of the House Homeland Security Committee, seeking more details on maritime cargo container scanning, Thompson expressed his disappointment over the apparent lack of progress being made since “Implementing Recommendations of the 9/11 Commission Act of 2007” was written into law.
Echo Global Logistics, a Chicago-area non-asset based freight brokerage and a provider of technology-enabled transportation and supply chain management services, announced last week it has acquired all of the assets of Shipper Direct, a Nashville-based truckload transportation brokerage.