Friday, March 07, 2014
Carloads—at 1,100,858—were down 1.1 percent annually. Intermodal—at 993,807 trailers and containers—was up 1.1 percent compared to February 2013 and marks the 51st consecutive annual monthly increase for intermodal volume, according to the AAR.
Posted on 03/07 at 10:07 AM
Following the lead of FedEx Freight, who announced a general rate increase (GRI) earlier this week, ABF Freight System, the nation's sixth-largest LTL carrier, rolled out its own GRI this week, too.
Posted on 03/07 at 02:18 AM
Thursday, March 06, 2014
Minimal to modest growth could serve as the theme of the most recent edition of the North Europe Global Port Tracker report produced by maritime consultancy Hackett Associates and the Institute of Shipping Economics and Logistics.
The requested budget includes $90.9 billion for the United States Department of Transportation, which was soundly endorsed by DOT Secretary Anthony Foxx, whom said that the requested funds will lay a new foundation for economic growth and competitiveness by addressing the nation’s growing infrastructure deficit, making investments into the national infrastructure network, and increasing safety and efficiency.
Wednesday, March 05, 2014
A majority (57%) of surveyed Chief Procurement Officers (CPOs) said short-term cost reduction is a higher priority than long-term growth in 2014, according to a new survey by Consero Group, an international leader in creating high-level, invitation-only events for senior executives.
Even with some slippage for key metrics, the Institute for Supply Management (ISM) reported today the non-manufacturing activity in February remained on a growth path for the 49th consecutive month in its February Non-Manufacturing ISM Report on Business.
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.