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.
In a speech at Georgetown University yesterday, President Barack Obama outlined his plan to reduce the oil imported into the United States by one-third in the next decade.
Various transportation interests met on Capitol Hill this week for a two-day hearing hosted by the House Transportation and Infrastructure Committee’s Subcommittee on Highways and Transit, which focused on pending surface transportation reauthorization.
Wednesday, March 30, 2011
C.H. Robinson Worldwide, Inc., has leveraged its TMC division, expanding the capabilities of its Managed TMS, and enabling it to offer TMS software plus managed services globally.
Like its top competitor UPS said at the end of 2010, FedEx recently stated that it is not considering acquiring the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, according to a Dow Jones report.
Tuesday, March 29, 2011
After a 0.1 cent decline last week, diesel prices went up 2.5 cents to $3.932 per gallon, with prices up 99.3 cents on an annual basis.