Tuesday, April 05, 2011
Non asset-based third-party logistics (3PL) services provider Transplace said today it has acquired Philadelphia-based SCO Logistics, a 3PL serving the chemical industry. Financial terms of the deal were not disclosed.
This increase follows a 2.5 percent gain and a 0.1 percent decline, respectively, over the last two weeks, with diesel prices showing gains in 17 of the last 18 weeks. On an annual basis, diesel is up 96.1 cents.
Monday, April 04, 2011
A labor action at the Port of Oakland has shippers scrambling for distribution alternatives
Following a recent announcement which called for reducing United States oil imports by one-third in the next decade, President Barack Obama last week rolled out a new energy-focused initiative focusing on trucking in a speech at a UPS facility in Landover, Maryland.
Freight transportation services provider Hub Group Inc. said today it has acquired asset-light transportation company Exel Transportation Services, a subsidiary of Deutsche Post World Net.
Friday, April 01, 2011
In its March Manufacturing Report on Business, the ISM reported that the index it uses to measure the manufacturing sector—known as the PMI—was 61.2 percent, a 0.2 percent decline from February’s 61.4. February matched the highest PMI level since May 2004.
NYK Logistics (Americas) Inc. (NLA) and Yusen Air & Sea Service (U.S.A.) Inc. (YAS) merged today, thereby creating a new major force in the global marketplace
Company officials said this move is driven by a need to reduce the impact of its delivery vehicles on the environment. The new fleet is comprised of 80 vehicles, with 30 American-made, battery powered electric vans and 50 hybrid trucks that will be on Manhattan streets by September.
Carload volume at 299,903 was up 1.9 percent annually and surpassed the week ending March 19 which hit 293,772. Intermodal volumes were up 5.7 percent at 223,034 trailers and containers,
Thursday, March 31, 2011
TransCore reported that linehaul rates for vans on the spot market were up 38 percent in the 64 national lanes it tracks. But it also pointed out that rate declines in the remaining lanes left the national average up 0.8 percent.