Monday, April 06, 2015
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.5 in March, which was 0.4 percent below March and also 0.6 percent below of the 12-month average of 57.1. Economic activity in the non-manufacturing sector has grown for the last 62 months, according to ISM.
Posted on 04/06 at 11:16 AM
Roughly six weeks after the International Warehouse & Longshore Union and the Pacific Maritime Association (PMA) reached a tentative five-year labor agreement, following nine months of often acrimonious negotiations that led to myriad supply chain and logistics disruptions, the ILWU said late last week that steps are being taken to make the tentative agreement a done deal.
Posted on 04/06 at 09:30 AM
Ocean Cargo •
The global list's combined space under management up 6.5% from last year, North American list up 4%.
Posted on 04/06 at 08:13 AM
A vessel backlog constricting containerized trade since January has eased at the Port of Oakland. The port said today there are no vessels in San Francisco Bay or outside the Golden Gate awaiting berths.
Posted on 04/06 at 08:08 AM
Port of Oakland •
Friday, April 03, 2015
The United States Department of Transportation said yesterday that the seventh round of its TIGER (Transportation Investment Generating Economic Recovery) competitive grant program was rolled out with $500 million available for national transportation projects.
Posted on 04/03 at 11:17 AM
Carloads for the month—at 1,117,029—were down 3.4 percent, and intermodal—at 1,084,136 containers and trailers—was up 5.7 percent.
Building on their success in 2013, the Top 20 sustained growth in 2014 and are on track for continued improvement this year.
Posted on 04/03 at 09:34 AM
Thursday, April 02, 2015
Ukraine, roiled by conflict with neighboring Russia, poses significant challenges for companies considering expanding their supply chains there. So does Thailand despite the years that have passed since the popular manufacturing destination’s devastating floods. Exactly what risk do these countries present? Their vulnerabilities, as well as those of many other countries, are quantified in the definitive ranking of supply chain resilience around the world, the 2015 FM Global Resilience Index.
Posted on 04/02 at 12:59 PM
The ATA reported that the annualized turnover rate for large truckload carriers in the fourth quarter dropped 1 percent to 96 percent in the fourth quarter of 2014, with turnover for small truckloads carriers, which the ATA defines as those with less than $30 million in annual revenue, headed up 1 percent to 95 percent.
Posted on 04/02 at 10:21 AM
Driver Shortage •
Wednesday, April 01, 2015
The PMI, the ISM’s index to measure growth, fell 1.4 percent to 51.5 (a PMI of 50 or greater represents growth), declining for the fifth straight month since reaching 57.9 in October 2014. And it is 4 percent below the 12-month average of 55.5. The March PMI is at its lowest level since May 2013’s 50.1.
Posted on 04/01 at 01:43 PM