Wednesday, February 23, 2011
FedEx said that its FedEx subsidiary has officially completed the acquisition of the logistics, distribution, and express businesses of India-based AFL Pvt. Ltd. and its affiliate Unifreight India Pvt. Ltd. The deal was originally announced by FedEx in November.
Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, found that the number of United States-bound waterborne shipments increased 17 percent from December to January.
Diesel prices continued to surge, with the price per gallon up 3.9 cents this week to $3.573, according to the Department of Energy’s Energy Information Administration (EIA). On an annual basis, diesel prices are up 74.1 cents.
In a move signaling confidence in renewed demand for capacity, Maersk Line has signed a contract with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of the world’s largest vessels in the global container flreet
Tuesday, February 22, 2011
UPS announced it has expanded its UPS Preferred LCL (less-than-container-load) Ocean Freight service to ten additional Asia-based ports, which it said provides shippers with up to 40 percent faster door-to-port United States-bound delivery for LCL shipments.
Freight transportation and logistics services provider Averitt Express said today it is making further inroads into expanding its flatbed operation, which launched at the beginning of 2009, when it rolled out flatbed service in eight markets.
In a continued commitment to sustainability with a primary focus on fuel efficiency and energy security, UPS announced it has bought 48 heavy tractor trucks manufactured by Kenworth that are equipped to run on Liquefied Natural Gas (LNG).
Posted on 02/22 at 11:31 AM
Milan provides regional LTL services in the central and southern regions of the United States. By bringing Milan into the fold, Vitran gains 16 terminals in new markets, including Alabama, Georgia, Mississippi, North Carolina, and South Carolina.
A moderate increase in European import and export volumes is expected in 2011, according to the most recent edition of the Global Port Tracker Report published by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Monday, February 21, 2011
On the heels of a recently announced $329 million loss for the fiscal first quarter, the United States Postal Service (USPS) recently announced that it has received approval from the Postal Regulatory Commission for rate increases that will take effect on April 17.