Wednesday, September 07, 2011
The financial travails of the United States Postal Service were on full display at a hearing hosted by the Senate Committee on Homeland Security and Governmental Affairs yesterday.
Posted on 09/07 at 07:12 AM
Tuesday, September 06, 2011
As was the case in July, the August edition of the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business outperformed its sister report focused on manufacturing.
Following the July announcement that the United States and Mexico had reached a cross-border trucking agreement, a Wall Street Journal report indicated that the Teamsters union has filed a lawsuit against the White House that intends to block the deal.
In its August report, Cass data indicated that shipments at 1.143 were down 3.7 percent compared to July, with shipments topping the 1.0 mark for the 15th straight month since May 2010, when shipments moved above the 1.0 mark for the first time since November 2008.
Friday, September 02, 2011
UPS paints the corners on reverse logistics in this exclusive interview.
Global freight forwarder and logistics services provider Damco said this week it is now providing customers with an online calculation of carbon dioxide emissions, which enables them to track CO2 emissions for all products shipped by ocean and air.
Non asset-based third-party logistics services provider Road Runner Transportation Services (RRTS) said it has officially closed its acquisition of the outstanding stock of Prime Logistics Corporation for roughly $97.5 million.
Carload volume—299,943—was down 0.8 percent annually and was down compared to 300,521 during the week of August 20.
Thursday, September 01, 2011
While manufacturing may be experiencing a bit of a slowdown, the overall numbers in the August edition of the Institute for Supply Management’s Manufacturing (ISM) Report on Business still point to growth.
According to the report, the U.S. logistics market had 32.7 million square feet absorbed, which Grubb & Ellis pointed out is a level that has not been reached since 2007. Of that 32.7 million square feet, it was more heavily weighted towards the second quarter, which had a quarterly net absorption of 18.1 million square feet.