Wednesday, March 07, 2012
A Wall Street Journal report said that talks focusing on UPS trying to acquire the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator “have slowed” due to various issues.
Tuesday, March 06, 2012
Measuring performance of carriers, shippers and trading partners across the ocean supply chain is integral to improving and optimizing workflow, yet it remains a key challenge due to the lack of a common set of data
In what its authors described as “the possible reversal of a very long trend,” the February edition of the Cass Freight Index Report showed that the change in shipments from January to February exceeded the monthly change in expenditures.
TIA and CIFA officials said that promoting communication and cooperation between the largest transport intermediary associations of China and the United States which are also the world's top two largest trading powers is very necessary and important.
Posted on 03/06 at 10:54 AM
Global Logistics •
The price per gallon of diesel increased 4.3 cents to $4.094 per gallon for the week of March 5, according to the Department of Energy’s Energy Information Administration.
Celadon officials said the deal includes the purchase of roughly 180 tractors and 280 trailers. Financial terms were not disclosed.
Posted on 03/06 at 09:08 AM
Monday, March 05, 2012
Maersk Line is replicating its “absolute reliability” model in the Asia-EU trade lane for shippers in the Transpacfic
The January NMI—at 57.3—is up 0.5 percent over January and is at its highest level since reaching 58.3 in January 2011. A reading above 50 represents growth.
The TCI, which reflects tightening conditions for hauling capacity and is comprised of various metrics, including capacity, fuel, bankruptcies, cost of capital, and freight, came in at 6.1 in January, which was down slightly from December’s 7.0 and snapped a three-month growth streak.
Posted on 03/05 at 11:11 AM
FTR Associates •
Company officials said this $2.2 million facility will be used to fuel the company’s fleet of CNG-powered trucks.