Monday, March 07, 2011
Now that the first half 2011 prediction has been raised, the report is calling for 7.5 million TEU during that period, which would be a 9 percent gain over the first half of 2010. In 2010, the report said there was a total of 14.7 million TEU moved—a 16 percent gain over 2009, which was largely achieved due to 2009’s 12.7 million TEU serving as the lowest annual tally since 2003.
In an era of globe-spanning operations, multiple events over the past year once again underscore the critical need to develop comprehensive business continuity plans in light of supply chain vulnerabilities.
Friday, March 04, 2011
With the clock ticking down on the future of federal highway and transit funding, the United States Congress and House of Representatives yesterday both voted to extend funding through September 30, the end of the fiscal year. This measure has now officially been signed into law by President Barack Obama and will cover funding related to highway, highway safety, and transit programs.
Following the January reintroduction of a Senate bill designed to remove antitrust exemptions currently granted to the railroad industry, the Senate Judiciary Committee this week approved the bill—entitled the Railroad Antitrust Enforcement Act, S.49—by a 14-1 margin.
In an effort to highlight its expanded reach, Purolator Courier Ltd. said this week it has changed its official name to Purolator Inc. and Purolator USA is now Purolator International.
Posted on 03/04 at 10:12 AM
Carload volume at 296,252 was up 2.4 percent year-over-year and was slightly behind the week ending February 19, which came in at 296,980.
In a political battle that has seen more than its fair share of tension, the United States and Mexico have finally hammered out an agreement to resolve the issues surrounding the countries cross-border trucking program.
Stakeholders representing importers, exporters, motor carriers, ports, and marine terminal operators (MTOs) reconvened at an industry working group meeting, co-chaired by PierPASS and Ability-TriModal, to continue discussions on potential solutions to limit congestion outside the marine terminal gates at the ports of Los Angeles and Long Beach.
Thursday, March 03, 2011
As widely anticipated, the International Air Transport Association announced a cut in its forecast for airline industry profits
The ISM’s index for measuring the sector’s overall health—known at the NMI—was 59.7 in January, a 2.3 percent increase from December. Like the ISM’s Manufacturing Report on Business, a reading above 50 represents growth.