Tuesday, March 04, 2014
When the Air Freight Forwarder’s Association (AfA) stages its annual conference next month, the focus will be “closing the deal.”
Fourth quarter revenue for CEVA–at $2.149 billion-dropped 9.4 percent annually, while adjusted EBITDA jumped up 57.1 percent to $77 million, with the company citing cost reduction actions taken last year contributing to ongoing annual improvements for the latter. For 2013, CEVA revenue fell 8.3 percent year-over-year to $8.517 billion, due to sluggish volumes from its Freight Management group.
Posted on 03/04 at 10:34 AM
Global Logistics •
The average price fell 0.1 cents to $4.016, marking the first decline since the average price dropped from $3.873 from $3.886 the week of January 20. Prior to this week, the average price per gallon rose a cumulative 14.4 cents.
Posted on 03/04 at 09:08 AM
Diesel Prices •
Monday, March 03, 2014
Although there have been recent signs of new hires in the logistcs sector, managers are being advised to remain cautious when it comes to investing in human capital this year.
More than a third of manufacturing firms in the small and midsized business (SMB) sector expect the economy to strengthen in the coming six months, while nearly half expect it to remain the same, according to the results of the second annual Sage Manufacturing Survey announced by Sage North America.
The PMI, the index used by the ISM to measure manufacturing activity, increased 1.9 percent to 53.2 in February.
Posted on 03/03 at 01:53 PM
FedEx Freight, the less-than-truckload (LTL) subsidiary of transportation and logistics bellwether FedEx, announced today that it will implement a General Rate Increase (GRI) of 3.9 percent for non-contractual freight, effective March 31.
Posted on 03/03 at 11:38 AM
FedEx Freight •
CEVA said the new location, which has three times the capacity of its previous location there and based at the Parque Sur Industrial Park, is comprised of 4,400 square-meters, with capacity for 7,000 pallet positions, 10 meters of free height, and is in close proximity to the Panama Tocumen Airport as well as major highways.
Posted on 03/03 at 09:50 AM
Global Logistics •
Friday, February 28, 2014
Panjiva reported that U.S.-bound waterborne shipments in January—at 1,169,741—were up 9 percent year-over-year and up 7 percent from December to January. And the number of global manufacturers shipping to the U.S in January—at 165,531—was up 3 percent annually and up 1 percent from December to January,
Posted on 02/28 at 11:19 AM
Global Trade •
With January behind us, we’re only one month into the new year. Yet, it seems as if so much has changed since last fall. The industry is a little topsy-turvy and much of that is the result of the 2013 holiday season, which was marked by inadequate planning and a failure of order fulfillment processes to deliver on customer service promises.