Thursday, June 28, 2012
American businesses are on track to double exports by 2014, meaning million of new U.S. jobs that are fueling the overall economic recovery, according to a top Commerce Department official.
Logistics Management Group News Editor recently caught up with Doug Waggoner, CEO of Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, at last week’s eyefortransport 3PL Summit in Chicago.
While diesel and other fuel rates have been in steep decline recently, supply chain managers should continue to keep their guard up.
Wednesday, June 27, 2012
This news follows weeks of acrimonious negotiations between the House and Senate, which suggested that talks would not advance to this level and that a tenth continuing resolution—to keep funding at current levels—would be introduced prior to the current one expiring at the end of June.
Company officials said this GRI, which takes effect on July 9, will cover non-contractual shipments in United States, Canada and Mexico, with rates increasing by an average of 6.9 percent, varying by lane and shipment type.
Posted on 06/27 at 02:07 PM
YRC Worldwide •
YRC Freight •
Now, more than ever in the transportation and logistics sectors, a healthy amount of merger & acquisition deal activity is taking place. Companies are making acquisitions based on need or getting into a segment of the business they may not already have a presence in through acquisition.
Tuesday, June 26, 2012
The Highway Trust Fund (HTF) currently takes in and pays out about $35 billion per year— excluding transfers from the Treasury General Fund. What started off as a user-fee system to pay for highway construction and repair has morphed into a large federal “cookie jar” that politicians use to direct money to their favorite causes while our highways and bridges deteriorate at an alarming pace. Now is the time to take the cookie jar back.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 8.2 percent in April 2012 compared to April 2011 at $79.8 billion.
The EIA said that weekly prices fell 5.1 cents to $3.678 per gallon. This follows last week 5.2 cent decline. The current price per gallon stands as the lowest weekly diesel price since the week of February 21, 2011 which was $3.573 per gallon.
Posted on 06/26 at 10:19 AM
Diesel Prices •
Late last week, a U.S. District judge in the District of Columbia granted class action certification to shipper plaintiffs in a lawsuit which maintains that four United States-based Class I railroads—Burlington Northern Santa Fe, Union Pacific, Norfolk Southern Corp., and CSX—worked together , or colluded, on fuel surcharges assessed to shippers.