Thursday, June 16, 2016
Although they successfully fended off the first attempt by government and officials from Central States Pension Fund to impose draconian cuts in their pension benefits, Teamsters union retirees say they are not resting on their laurels. Instead, they are preparing a long-term fix to the fund’s fiscal problems.
Both events will be held April 9-12, 2018 at Atlanta’s Georgia World Congress Center.
Posted on 06/16 at 07:01 AM
Wednesday, June 15, 2016
Freight transportation and logistics services provider Averitt Express recently announced that it has taken steps to augment its less-than-container (LCL) service from China in the form of two new weekly departures to Memphis, Tenn. and Charleston, SC.
Tuesday, June 14, 2016
Commerce reported that May retail sales at $455.6 billion rose 0.5 percent over April, and the NRF said retail sales saw a 3.2 percent annual increase in May.
This marks the 16th time in the last 17 weeks the weekly average price saw an increase. And the current average price per gallon now stands as the new 2016 high and also the highest price since the week of December 14, when it was at $2.338 per gallon.
Posted on 06/14 at 09:18 AM
Diesel Prices •
Third-party logistics (3PL) services provider BDP International recently announced that it plans to open up an office in Casablanca, Morocco later this month. BDP officials said that this office will provide various services, including ocean/air export and import; export/import customs clearance; project logistics; ground transport; and warehousing/distribution, for shippers in the chemical/petrochemical, healthcare, energy, retail, oil and gas, and automotive sectors.
Monday, June 13, 2016
The financial impact of the United States railroad industry on all facets of the nation’s economy cannot even come close to being understated based on research issued today by the Association of American Railroads in its second 2016 “State of the Industry Report,” which features research from an economic impact study by Towson University’s Regional Economic Studies Institute (RESI).
A new report from the MAPI Foundation indicates that despite the economic slowdown in the industrial sector over the past year, the incidence of actual and planned automation investment is very high in American manufacturing.
Posted on 06/13 at 08:59 AM
Friday, June 10, 2016
Carloads saw a 16.6 percent annual decline at 224,258, and intermodal containers and trailers were off 17.9 percent at 231,088.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 1.3 percent from March to April, following two months of decreases.