Monday, August 17, 2015
Unless you’re a major oil company or in the oil exploration business, the precipitous fall in the price of crude oil is providing a major and unexpected financial dividend. Truck shippers, in particular, are reaping a windfall as their fuel surcharges are dropping like leaves in the autumn breeze.
Posted on 08/17 at 09:31 AM
Diesel Prices •
Friday, August 14, 2015
July lived up to its reputation as a slow month for freight activity, based on the results of the most recent edition of the Cass Freight Index Report from Cass Information Systems.
Thursday, August 13, 2015
Carloads were down 4.4 percent annually at 288,460 and were below the week ending August 1 at 289,657 and ahead of the week ending July 25 at 286,660.
Posted on 08/13 at 02:30 AM
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) dropped 0.3 percent from May to June, following a 0.8 percent increase from April to May and a 1.8 percent decline from March to April.
Posted on 08/13 at 02:06 AM
Freight TSI •
Tuesday, August 11, 2015
Infor, a supply chain and logistics technology services and ERP software provider, said it plans to acquire GT Nexus, a global provider of cloud-based global commerce technology, for $675 million. Infor said the deal is expected to become official within 45 days, pending regulatory approval.
Posted on 08/11 at 11:27 AM
At an average of $2.617 per gallon, the price was down 5.1 cents compared to last week, with prices dropping a cumulative 29.7 cents going back to the week of May 25, when the average price was at $2.914 per gallon.
Posted on 08/11 at 08:44 AM
Diesel Prices •
Over the last several months, there has been a spate of merger and acquisition (M&) activity centered around deals with an emphasis on large truckload brokerages. On the surface deals like these makes sense for more than a few reasons, given the vast carrier reach that the large brokerages have, coupled with strong technology platforms, and shipper relationships across a wide swath of industries.
Posted on 08/11 at 07:49 AM
Monday, August 10, 2015
The USPS reported today that it had a $586 million net loss for the fiscal third quarter, which represents a $1.4 billion reduction compare to a $2 billion net loss for a same quarter a year ago. For the fiscal first and second quarters, the USPS had $754 million and $1.5 billion net losses, respectively.
Posted on 08/10 at 09:53 AM
Seasonal cargo flows appear set to take hold for United States-based retail container ports even with a glut of Transpacific trade capacity, according to the most recent edition of the Global Port Tracker report by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
Friday, August 07, 2015
This week APICS Supply Chain Council (APICS SCC) released findings from its latest industry report, Supply Chain Leadership Report: Many Styles Generate Success, which examines critical success factors of a supply chain leader, including his or her attributes, leadership style and ability to formally and informally influence a multitude of stakeholders.
Posted on 08/07 at 09:25 AM