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 •
Last week, the United States Postal Service (USPS) said it incurred a net loss of $354 million. This is the 19th time in the last 21 quarters the USPS has reported a loss and follows a fiscal year 2013 loss of $5 billion.
Monday, February 10, 2014
Total 2013 intermodal volume—at 15,537,925—was up 4.6 percent compared to 2012. Domestic containers—at 6,094,770 million—was up 9.4 percent, and international containers—at 7,823,122 million—were up 1.2 percent. All domestic equipment at 7,714,803 million—was up 7.1 percent, and trailers fell 0.7 percent to 1,620,033 million.
Posted on 02/10 at 07:16 AM
Even with tangible signs of an improving economy, it still stands to reason that consumer spending-which represents roughly two-thirds of all economic activity-remains the linchpin of GDP growth, which happens to have shown decent gains over the last two reported quarters.
Posted on 02/10 at 04:34 AM
Retail Sales •
Friday, February 07, 2014
Following a pattern of declines to finish 2013, the January edition of the Cass Freight Index Report from Cass Information Systems Inc. showed a pattern of more of the same, with sequential declines in freight shipments and expenditures from December to January.
Posted on 02/07 at 02:40 AM
Carloads—at 1,345,184—were up 0.4 percent, and intermodal—at 1,183,285 trailers and containers—was up 1.3 percent compared to January 2013
Posted on 02/07 at 01:09 AM
Thursday, February 06, 2014
The International Air Transport Association (IATA) released figures showing a 1.4% expansion of global freight ton kilometers (FTKs) in 2013 when compared to 2012.
Posted on 02/06 at 10:33 AM
Air Freight •
Air Cargo •