Wednesday, October 15, 2014
CSX reported it had record third quarter earnings of $509 million or $0.51 per share, which was up 10.6 percent annually over $455 million and $0.45 per share and ahead of Wall Street estimates of $0.48 per share.
Posted on 10/15 at 09:08 AM
Railroad Shipping •
Port staff was directed by the full Harbor Commission at the urging of Slangerup to come up with a proposal within 30 days to obtain additional chassis.
Dropping 3.5 cents, the average price per gallon now stands at $3.698, which is 32.3 cents below the 2014 high of $4.021 during the week of March 10. The average price per gallon is down 18.8 cents year-over-year.
Posted on 10/15 at 07:50 AM
Tuesday, October 14, 2014
With holiday-related e-commerce sales expected to head up, supply chain stakeholders are putting a heavy focus on forecasting, planning, and preparation for whatever comes their way.
Posted on 10/14 at 11:51 AM
While shippers may generally be content with the reliability of their 3PL partners, new research indicates that there’s considerable concern about the value of long-term, strategic relationships. Industry analysts explain how innovation and a deeper commitment to collaboration will become the key differentiators in the 2015 marketplace—if commoditization is to be avoided.
Posted on 10/14 at 08:13 AM
Monday, October 13, 2014
The Wall Street Journal reported that this merger, which would have brought together two of North America’s largest rail operators, was rejected by CSX, adding it was not clear if CP would continue to make further efforts.
Posted on 10/13 at 10:44 AM
Railroad Shipping •
DHL Global Forwarding, a subsidiary of global express delivery and logistics services provider DHL, recently announced it is taking several steps to respond to global trade growth with various freight capacity initiatives designed to support shippers.
Friday, October 10, 2014
In an unprecedented move to strengthen the Puget Sound gateway, the ports of Seattle and Tacoma plan to unify marine cargo terminal management.
With negotiations over a new labor contract between the Pacific Maritime Association and the International Longshore Warehouse Union (ILWU) now in their fourth month and no clear end in sight, National Retail Federation (NRF) President Matt Shay wrote a letter to leadership at PMA and the ILWU, asking the parties to come to terms on a new agreement soon.
Posted on 10/10 at 01:28 PM
When it comes to the themes of higher than usual import volumes at United States-based retail container ports–for a few different reasons–the most recent edition of the Port Tracker report from the National Retail Federation (NRF) and maritime consultancy Hackett Associates did not disappoint.