Wednesday, October 31, 2012
In addition to infrastructure damage, Hurricane Sandy has forced the idling of about 70% of the East Coast’s oil refineries. This does not bode well for the supply of refined oil products as capacity was already quite tight prior to the shutdowns
Posted on 10/31 at 04:09 PM
Supply Chain •
UPS expects to deliver 527 million packages between Thanksgiving and Christmas, and FedEx expects to deliver more than 280 million packages during that same period.
Posted on 10/31 at 10:02 AM
A confluence of ongoing events, including the debt crisis hitting exports, domestic sales and consumer confidence and imports, which have added to declining trade volumes, has led to a recession being formally declared in the European Union, according to the most recent edition of the Global Port Tracker report.
Tuesday, October 30, 2012
In its preliminary evaluation of the economic impact of Hurricane Sandy IHS Global Insight said potential infrastructure damages currently stand around $10 billion of insured damages and about twice as much, or $20 billion, in terms of total damages
While the full impact from Hurricane Sandy on the nation’s supply chains has yet to be measured, preliminary reports suggest it will be substantial
The average price per gallon dropped 8.6 cents to $4.030 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 10/30 at 08:59 AM
Diesel Prices •
Monday, October 29, 2012
Less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) recently announced it has expanded its service into Canada with the relocation and expansion of its Detroit Service Center in Troy, Michigan.
Posted on 10/29 at 01:10 PM
UPS last week announced that it has taken major steps to expand its global healthcare distribution facility in the Asia Pacific region, opening three new “state of the art facilities” in Hangzhou, China, Shanghai, China, and Sydney, Australia.
The warehousing and fulfillment markets are undergoing significant changes as companies incorporate e-commerce into their overall strategy
Friday, October 26, 2012
XPO Logistics continues to execute on its growth through acquisition strategy.
Posted on 10/26 at 10:02 AM
XPO Logistics •