Monday, February 17, 2014
Freight transportation and logistics services provider Averitt Express recently announced it has added climate-controlled services for shippers in the form of self-powered, less-than-truckload (LTL) shipping units.
Posted on 02/17 at 04:43 AM
Averitt Express •
YRC Worldwide, in a major refinancing aimed at lowering its annual interest payments and increasing liquidity for badly needed recapitalization, has refinanced approximately $1.1 billion in debt under much more favorable terms for the 90-year-old trucking company.
Posted on 02/17 at 03:58 AM
YRC Worldwide •
Friday, February 14, 2014
When Retail Industry Leader Association (RILA) President Sandy Kennedy spoke with LM recently, she emphasized that her organization will continue to urge Congress to grant Trade Promotion Authority so that we can move forward with important trade deals such as the Trans-Pacific Partnership, the Trade in Services Agreement, and the Trans-Atlantic Trade and Investment Partnership.
Posted on 02/14 at 04:18 AM
Carloads—at 261,254—were down 4.3 percent annually, and intermodal—at 246,114 containers and trailers—was up 0.6 percent compared to the same week a year ago.
Posted on 02/14 at 04:03 AM
Thursday, February 13, 2014
A combination of harsh January weather and post-holiday consumer malaise appear to be the drivers for lower retail sales for the month, according to data released by the National Retail Federation and the United States Department of Commerce.
The multidisciplinary report provides a glimpse of 10 years out, offering insight into the current and future challenges facing the industry and giving practitioners a plan to move forward.
Posted on 02/13 at 05:02 AM
Materials Handling •
Wednesday, February 12, 2014
Metro Post, an initiative rolled out by the USPS in December 2012 in San Francisco that serves as a package delivery service providing customers with same-day delivery from participating locations within a defined location, will cease operations on March 1, according to a report from the USPS Office of Inspector General. But that does not mean the effort is squashed permanently, as USPS continues to go forward with Metro Post in New York.
Posted on 02/12 at 06:57 AM
Transportation and logistics bellwether UPS continues to expand its global healthcare footprint, announcing this week it has acquired Polar Speed, a United Kingdom-based provider of temperature-sensitive supply chain solutions.
Posted on 02/12 at 01:05 AM
As per the usual, February volumes at U.S.-based retail container ports are expected to see an annual decline, according to the most recent edition of the Port Tracker report from the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
Posted on 02/12 at 01:02 AM
Tuesday, February 11, 2014
The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon of diesel headed up 2.6 cents to $3.977. This represents the third straight week of increases for a cumulative 10.4 cent gain. And this week’s price is the highest since hitting $3.981 the weeks of September 9 and September 16.
Posted on 02/11 at 04:08 AM
Diesel Prices •