Tuesday, May 24, 2011
Diesel prices dropped 6.4 cents this week to $3.997 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). This represents the single largest weekly decline since a 7.3 cent dip from the week of May 24, 2010.
Monday, May 23, 2011
Following the tragic events of the earthquake and tsunami in Japan earlier this year, the immediate and long-term impacts of it are likely to impact the United States, due to damage caused to the freight transportation system in Japan.
While the current fuel situation may not be as dire as it was during the summer of 2008, when prices hit nearly $5 per gallon and $150 per barrel, shippers are bracing for prolonged pain at the pump, according to the results of a recent Logistics Management reader survey of roughly 250 logistics, supply chain, and transportation executives.
Friday, May 20, 2011
Third-party logistics providers are growing at multiples of Gross Domestic Product, and should be able to sustain this pace through 2011, said a prominent industry analyst.
The Port of Boston announced this week that on May 27 it is rolling out a new service to Southeast Asia via the Suez Canal.
SPS said that this deal boosts its position as a leading provider of cloud-based supply chain technology and added that “subscribers of SPSCommerce.net and Direct EDI's services will benefit from expanded operations to support e-commerce and traditional retail supply chains.”
Carload volume—at 294,271—was up 1.6 percent annually and ahead of the week ending May 7 at 281,860.
Thursday, May 19, 2011
The European Commission’s investigation of ocean carrier antitrust rules ramped up to a new level this week, as Asian players were also targeted by regulators.
The National Gateway is a roughly $850 million public-private partnership (PPP) infrastructure initiative designed to provide a highly efficient freight transportation link between the Mid-Atlantic ports and the Midwest. It was first unveiled by CSX in May 2008.
Global third-party logistics (3PL) services provider CEVA is continuing to increase its presence in the United States. The company announced this week it has relocated its cross-dock operations to a new facility in Otay Mesa, California, which is less than three miles from its previous location.