Thursday, August 04, 2011
Stalled economic momentum in Europe, coupled with a slowdown in Asian exports, were the main theme of the monthly Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Posted on 08/04 at 09:58 AM
Global Logistics •
Company officials said that Vault unites several existing ODFL business units into an independent operating division comprised of warehousing, business solutions, fleet and warehouse dedicated services and truckload brokerage units.
Wednesday, August 03, 2011
Shipper demand for ocean carrier capacity has failed to match the rise in supply during a slack peak season, said industry analysts
The ISM’s index for measuring the sector’s overall health—known as the NMI—was 52.7 in July, a 0.6 percent decline from June. A reading above 50 represents growth. And even with the sequential decline in the NMI the report showed growth in the non-manufacturing sector for the 20th consecutive month.
Even though freight volumes have somewhat flattened out, the most recent release of the Cass Information Systems Freight Index pointed to economic slowness from June to July.
Tuesday, August 02, 2011
Non asset-based third-party logistics services provider Roadrunner Transportation Services (RRTS) said this week it has acquired all of the outstanding stock of The James Brooks Company for approximately $7.5 million.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 15.7 percent in May 2011 compared to May 2010, hitting $77.3 billion.
Following a cumulative 9.9 cent gain over the previous three weeks, the Department of Energy’s Energy Information Administration (EIA) reported this week that the price per gallon of diesel dropped 1.2 cents to $3.937.
This tool enables shippers to choose from various certified reports to get a clear handle on the main drivers of carbon emissions from the transportation modes used for pickup and delivery emissions in their supply chains
Posted on 08/02 at 05:59 AM
Monday, August 01, 2011
In its July report, the ISM reported that the index it uses to measure the manufacturing sector—known as the PMI—was 50.9 percent. This represents a 4.4 percent drop from June’s 55.3.