Tuesday, October 23, 2012
The average price per gallon for diesel gasoline decreased for the third time in the last five weeks, falling 3.4 cents to $4.116 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 10/23 at 09:46 AM
Diesel Prices •
Third quarter revenue for transportation and parcel giant UPS was basically flat, falling 0.7 percent to $13.07 billion, with operating profit down 54 percent at $766 million. Earnings per share at $1.06 were flat compared to last year’s $1.09 per share and were in line with Wall Street estimates of $1.06 per share.
Posted on 10/23 at 09:15 AM
Monday, October 22, 2012
The trucking industry faces a dual threat of a looming people shortage and a surfeit of regulations that affect profitability and will result in continued consolidation in the industry, according to Steve O’Kane, president of A. Duie Pyle.
Posted on 10/22 at 10:34 AM
A. Duie Pyle •
The nation faces a demographic crisis that is creating a drastic need to reform retiree and health care entitlements that is affecting the nation’s financial health, a top business lobbyist is predicting.
The latest chapter regarding UPS’s planned $6.28 billion acquisition of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, came late last week in the form of a Statement of Objections (SO) from the European Commission.
Posted on 10/22 at 09:42 AM
TNT NV •
TNT Express •
Friday, October 19, 2012
Carload volume—at 285,089—was down 6.1 percent compared to the same week a year ago, and intermodal volumes—at 250,826 trailers and containers—were up 2.6 percent annually.
Posted on 10/19 at 09:32 AM
Some shippers are using Matson’s China service as an alternative to air freight, clearly an option that delivers significant value for their supply chains.
Posted on 10/19 at 08:56 AM
Ocean Freight •
Miami-Dade County announced that the contracting phase of its project to deepen the Port of Miami’s channel to minus 50 feet has begun
Thursday, October 18, 2012
At this month’s Council of Supply Chain Management Professionals Annual Conference, Logistics Management Group News Editor Jeff Berman had an exclusive interview with CHRW CEO and Chairman of the Board John Wiehoff about the company’s growth and acquisition plans, how it views the future, and the current freight transportation market.
NS officials said the $97.5 million facility is part of the $2.5 billion Crescent Corridor initiative, which aims to establish an efficient, high-capacity intermodal freight rail route between the Gulf Coast and the Northeast. This facility is located on a 316-acre site in McCalla, Alabama.