Tuesday, January 15, 2013
Commerce reported that December retail sales at $415.7 billion were up 0.5 percent compared to November and up 4.7 percent compared to December 2011. NRF reported that December retail sales, which exclude autos, gas stations, and restaurants, were up 0.8 percent on a seasonally-adjusted basis from November and up 2.1 percent on an unadjusted basis annually.
Earlier today, transportation and logistics bellwether FedEx announced that Henry J. Maier will succeed David F. Rebholz as president and CEO of FedEx subsidiary FedEx Ground.
Posted on 01/15 at 11:48 AM
The average price per gallon of diesel gasoline was down 1.7 cents to $3.894 per gallon. Along with prices being down for seven straight weeks, prices have been down in 12 of the last 13 weeks.
Posted on 01/15 at 11:47 AM
Diesel Prices •
Monday, January 14, 2013
Class I railroad carrier CN said last week that trains haven begun rolling into its new state-of-the-art intermodal terminal facility at its new Calgary Logistics Park.
TOTE, Inc. announced it has committed to the construction of two new state-of-the-art containerships for the Puerto Rico trade, with options for three more vessels for additional domestic service. The agreement with General Dynamics NASSCO represents a major technological milestone in international shipping.
Expected decision to nix the deal halts UPS' plans for significant European expansion
Friday, January 11, 2013
A few days before Christmas, ABF Freight System and the Teamsters union began talks on a new contract to replace the one that expires March 31. The acrimonious talks could not have gotten off to a rougher start had Ebenezer Scrooge been at the negotiating table.
Posted on 01/11 at 11:41 AM
ABF Freight •
With the current status of labor negotiations between the International Longshoremen’s Association and the United States Maritime Alliance at East and Gulf Coast ports in flux, import volume growth is expected to show modest growth, according to the most recent edition of the Port Tracker report from the National Retail Federation (NRF) and Hackett Associates.
While just a few years ago, the global automotive logistics sector was regarded as moribund at best, a new report suggest that demand from emerging markets are changing all of that.
The nation faces a balancing act between the need to spend more on infrastructure while finally addressing the ballooning national debt, which the nation’s top business lobbyist calls the biggest single threat to the U.S. economic future.