Monday, May 23, 2011
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.
The ongoing rebound in that transportation and logistics merger & acquisition activity appears to continue to be gaining traction, according to PricewaterhouseCoopers (PwC).
With both the Institute for Supply Management’s (ISM) Manufacturing Report on Business and Non-Manufacturing Report on Business showing strong growth for 23 and 17 months, respectively, it was not surprising that the ISM’s Semiannual Economic Forecast point to continued economic growth throughout the rest of the year. The report, which was released this week, is based on feedback from U.S.-based purchasing and supply executives.