Thursday, March 15, 2012
Express delivery and logistics services provider DHL said yesterday it has invested $47 million to expand its Americas hub facility at the Cincinnati/Northern Kentucky airport (CVG) in an effort to meet the growing needs of its international shipping customers.
Non asset-based 3PL XPO Logistics said today that it has increased the number of shares for its underwritten public offering from 6,000,000 earlier this week to 8,000,000 to the public at $15.75 per share.
Posted on 03/15 at 08:49 AM
XPO Logistics •
Wednesday, March 14, 2012
Having played their hand on an earlier rate hike announcement, the 15 member carriers in the Transpacific Stabilization Agreement (TSA) are recommending a further increase of $400 per 40-foot container (FEU) effective April 15, 2012
With federal funding for surface transportation set to expire on March 31, the Senate took a meaningful step today in looking to the future, signing off on the Senate’s Moving Ahead for Progress in the 21st Century (MAP-21) legislation by a 74-22 margin.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 3.6 percent from December to January.
The SCI dropped 0.2 points in January, the most recent month for which data is available, to -4.8, said FTR. The firm describes the SCI as an indicator that sums up all market influences that affect shippers
Posted on 03/14 at 10:38 AM
FTR Associates •
Class I railroad carrier CN said this week it has introduced new import/export container train services between the Port of Prince Rupert, British Columbia and Calgary and Edmonton, effective June 2012.
Tuesday, March 13, 2012
The February PCI was up 0.7 percent, but the report’s authors said that was not enough to offset the 1.7 percent decline in January.
Commerce reported that February retail sales at $407.8 billion were up 1.1 percent from January and up 6.5 percent compared to February 2011. The NRF reported that February retail sales, which exclude autos, gas stations, and restaurants, were up 0.5 percent on a seasonally-adjusted basis from January and up 8.6 percent on an unadjusted basis annually.
Following a projected 6.8 percent annual decline in import cargo volume for February, the monthly Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for a 10 percent annual gain for March.