Monday, October 22, 2012
The nation faces a demographic crisis that is creating a drastic need to reform retiree and health care entitlements that is affecting the nation’s financial health, a top business lobbyist is predicting.
The latest chapter regarding UPS’s planned $6.28 billion acquisition of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, came late last week in the form of a Statement of Objections (SO) from the European Commission.
Posted on 10/22 at 09:42 AM
TNT NV •
TNT Express •
Friday, October 19, 2012
Carload volume—at 285,089—was down 6.1 percent compared to the same week a year ago, and intermodal volumes—at 250,826 trailers and containers—were up 2.6 percent annually.
Posted on 10/19 at 09:32 AM
Some shippers are using Matson’s China service as an alternative to air freight, clearly an option that delivers significant value for their supply chains.
Posted on 10/19 at 08:56 AM
Ocean Freight •
Miami-Dade County announced that the contracting phase of its project to deepen the Port of Miami’s channel to minus 50 feet has begun
Thursday, October 18, 2012
At this month’s Council of Supply Chain Management Professionals Annual Conference, Logistics Management Group News Editor Jeff Berman had an exclusive interview with CHRW CEO and Chairman of the Board John Wiehoff about the company’s growth and acquisition plans, how it views the future, and the current freight transportation market.
NS officials said the $97.5 million facility is part of the $2.5 billion Crescent Corridor initiative, which aims to establish an efficient, high-capacity intermodal freight rail route between the Gulf Coast and the Northeast. This facility is located on a 316-acre site in McCalla, Alabama.
Wednesday, October 17, 2012
New report from PA Consulting Group reviews the approach to green issues taken by four global manufacturing companies.
Leading off third quarter earnings results for Class I railroads, CSX last night reported net earnings of $455 million, which was down 2 percent annually and $0.44 per share, which fell short of Wall Street estimates of $0.47 and ahead of last year’s $0.43.
Tuesday, October 16, 2012
The average price per gallon of diesel increased 5.6 cents to $4.15 per gallon. This is the highest price since the week of August 18, 2008, when prices were $4.207 per gallon.
Posted on 10/16 at 09:34 AM
Diesel Prices •