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Thursday, August 06, 2015

XPO Logistics, a non asset-based 3PL, reported strong second quarter earnings last night, with total gross revenue rising 109.3 percent annually to $1.2 billion and net revenue up 317.2 percent to $508.6 million. Even with the gross revenue and net revenue gains, XPO had a $78.8 million net loss compared to a net loss of $13.8 million for the second quarter of 2014.
Posted on 08/06 at 09:44 AM
NewsXPO LogisticsXPOPermalink


Wednesday, August 05, 2015

Second quarter total volume—at 4,362,049 containers and trailers— was up 4.5 percent annually, IANA reported. Domestic containers—at 1,690,190—were up 3.5 percent, and international containers—at 2,270,328—were up 6.8 percent. All domestic equipment at 2,091,721—was up 2.2 percent, and trailers dropped 3.1 percent to 401,531.
Posted on 08/05 at 11:38 AM
NewsPermalink


The index ISM uses to measure non-manufacturing growth—known as the NMI—hit 60.3 in July (a level of 50 or higher indicates growth), representing a 4.3 percent increase over June while economic activity in the non-manufacturing sector showed growth for the 66th month in a row and the overall economy grew for the 72nd straight month. The July NMI is 2.9 percent higher than its 12-month average of 60.3.
Posted on 08/05 at 10:56 AM
NewsISMNMIPermalink


Tuesday, August 04, 2015

Mexico's growing importance in the continental supply chain is now being recognized by North American transportation groups
Posted on 08/04 at 01:46 PM
NewsPortsIntermodalMexicoPermalink


Falling 5.5 cents to $2.668 per gallon, this follows last week’s 5.9 cent decline for the lowest weekly average price going back to the week of October 14, 2009, when it was at $2.60 per gallon.
Posted on 08/04 at 11:07 AM
NewsPermalink


With the latest round of Trans-Pacific Partnership (TPP) negotiations in Maui, Hawaii ending without a deal, U.S. supply managers may be adjusting to other global sourcing strategies.
Posted on 08/04 at 09:55 AM
NewsPermalink


Monday, August 03, 2015

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.
Posted on 08/03 at 01:07 PM
NewsISMPMIPermalink


The current status of FedEx’ planned acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which was initially announced in April, remains in flux, with continued actions being taken by the European Commission.
Posted on 08/03 at 10:57 AM
NewsFedExTNT ExpressPermalink


Panjiva said that the 1 percent sequential growth was in line with typically flat growth from May to June, as higher monthly growth typically takes hold in July and August in advance of the holiday season.
Posted on 08/03 at 10:08 AM
NewsPanjivaimportsglobal tradePermalink


Hackett officials described this new offering as a short-term index that offers up “the sentiment for trade at a glance,” akin to other key economic metrics like the PMI and Consumer and Carrier confidence indices, while providing access to specifically see where a group of economic indicators are in relation to trade for the current month, too.
Posted on 08/03 at 09:09 AM
NewsGlobal TradeHackett AssociatesPermalink



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