Wednesday, November 05, 2014
LM Group News Editor Jeff Berman recently caught up with UPS Freight President Jack Holmes about a variety of topics, including pricing, market conditions, and regulations, among others.
Posted on 11/05 at 01:59 PM
UPS Freight •
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.1 (a reading above 50 represents growth) in October, down 1.5 percent from September’s 58.6 and down 2.5 percent from August’s 59.6, which is the highest NMI reading since it was added to the report in January 2008.
Posted on 11/05 at 11:38 AM
Tuesday, November 04, 2014
Commonly referred to as the “Driver Coercion Rule” in industry circles, the rule has various moving parts that have the potential to fundamentally change various facets of how freight is moved by motor carriers, tendered, and brokered, with many industry stakeholders maintaining they will not be changes for the better.
Posted on 11/04 at 01:59 PM
U.S. Customs and Border Protection (CBP) Commissioner R. Gil Kerlikowske and Mexico’s Tax Administration Service (SAT) Chief Aristóteles Núñez Sánchez recently signed a mutual recognition arrangement that allows stronger collaboration between CBP’s Customs-Trade Partnership Against Terrorism (C-TPAT) and SAT’s New Certified Companies Scheme (NEEC).
Posted on 11/04 at 10:20 AM
Diesel prices dropped again this week, with the Department of Energy’s Energy Information Administration (EIA) reporting that the average price per gallon fell 1.2 cents to $3.623 per gallon.
Weekly diesel prices have failed to see a single increase since the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon, a span stretching 19 weeks.
Posted on 11/04 at 09:52 AM
Monday, November 03, 2014
A conference call hosted by investment firm Stifel Nicolaus last week that featured Dave Osiecki, Executive Vice President & Head of Advocacy at the American Trucking Associations (ATA) provided a detailed insight into the overall outlook for the trucking industry in terms of regulations and politics that can impact the industry going forward.
Posted on 11/03 at 03:08 PM
Despite assurances that The International Longshore & Warehouse Union (ILWU) has been negotiating in good faith for a new contract, the ports of Seattle and Tacoma are reporting labor “slowdowns” in recent weeks.
Posted on 11/03 at 03:06 PM
The PMI, the ISM’s index to measure growth, headed up 2.4 percent to 59.0 in October (a PMI of 50 or greater represents growth), which erased the 2.4 percent decline in September’s PMI. October’s PMI matched August’s 59.0, which was just off its highest reading since March 2011’s 59.1.
Posted on 11/03 at 02:10 PM
Friday, October 31, 2014
Intermodal units, at 278,767 containers and trailers were up 6.7 percent compared to the same week last year and marks the third best week for intermodal ever recorded based on AAR’s data.
Posted on 10/31 at 11:15 AM
LM Group News Editor Jeff Berman recently conducted a wide-ranging interview with Bobby Harris, President and CEO of non asset-based 3PL BlueGrace Logistics about various aspects of the freight transportation market.