Tuesday, July 27, 2010
Following last week’s positive forecast, YRC Worldwide’s stock price began surging to 30 cents since hitting a low of 11 cents a share July 7, after being put under extreme pressure in the recent past.
Posted on 07/27 at 08:55 AM
Monday, July 26, 2010
The Port of Los Angeles began the final phase of its 13-year, $370 million Main Channel Deepening Project (MCDP) late last week.
The customized third-party high-tech service parts logistics has announced significant expansion of its strategic stocking location (SSL) network in Brazil, Russia, India and China (BRIC).
Posted on 07/26 at 07:43 AM
Global Trade •
Friday, July 23, 2010
Modern’s 9th-annual survey of the leading SCM suppliers finds that the market for supply chain software took a hit last year, but things are beginning to look up.
Posted on 07/23 at 12:40 PM
Weekly carload volumes—at 282,199—were up 3.5 percent compared to 2009 and down 13.8 percent compared to 2008.
A study designed to examine current less-than-truckload (LTL) transportation pricing practices conducted by the supply chain management department at Auburn University—and sponsored by SMC3 is scheduled to kick off later this year.
Posted on 07/23 at 09:44 AM
Thursday, July 22, 2010
With an eye on creating a freight transportation policy that would ensure the country’s transportation system supports its global economic competitiveness, a group of senators led by Frank Lautenberg (D-NJ) introduced legislation today that would direct the federal government to develop and implement a strategic plan to improve the nation’s freight transportation system and provide investment in freight transportation projects.
United States port security may be seeing some notable changes should legislation to be introduced by Senator Jay Rockefeller (D-WV) one day be signed into law.
Shippers using the EU’s biggest seaport may be hit with new surcharges next month. Serious operational problems and delays at the Euromax, ECT Home and ECT Delta terminals in Rotterdam these past three weeks have caused both delays and short-shipments of cargo to and from the Baltic and Scandinavian countries.
Despite an uneven economy, UPS earlier today reported strong second quarter results. The company said that quarterly revenue—at $12.2 billion—was up 12.7 percent year-over-year, and operating profit—at $1.4 billion—was up 56.6 percent. Earnings per share—at $0.84—were up 71 percent.
Posted on 07/22 at 07:58 AM