Tuesday, November 11, 2014
After 18 weeks of declining or flat prices, the average price per gallon of diesel gasoline, went in a different direction this week: up. The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon rose 5.4 cents to $3.677 per gallon.
Posted on 11/11 at 02:05 PM
Third quarter intermodal volumes showed decent volumes, with domestic containers back to leading the charge after the second quarter, which saw international volumes pace quarterly growth, according to the Intermodal Market Trends & Statistics Report released by the Intermodal Association of North America.
Posted on 11/11 at 11:42 AM
On the heels of record-breaking volumes in September and October, the most recent edition of the Port Tracker report from the National Retail Federation (NRF) and maritime consultancy Hackett Associates expects import cargo volumes at United States-based retail container ports to slow down in November.
Monday, November 10, 2014
This month’s report observed that there are plenty of concerns related to freight shipments in the form of imports, which are pegged for growth during this year’s holiday season, but at the same time are dealing with various issues, due to the port congestion issues being caused in large part by increased demand and West Coast port labor negotiations between the Pacific Maritime Association (PMA) and the International Longshore Warehouse Union.
In an effort to meet anticipated holiday season demand in the form of double-digit volume growth, the United States Postal Service (USPS) last week said that it plans to deliver packages seven days per week in major cities and volume areas, effective November 17 through Christmas Day, December 25.
Posted on 11/10 at 09:27 AM
Friday, November 07, 2014
While shippers are understandably shaken by the impasse in U.S. West Coast dockside labor talks, port authorities are resolute in taking a neutral position on the issue.
Posted on 11/07 at 03:19 PM
An unwelcome combination of a lack of meaningful progress and intensified conflict are resulting in ongoing and extended negotiations between over a new labor contract between the Pacific Maritime Association and the International Longshore Warehouse Union (ILWU).
Posted on 11/07 at 11:20 AM
October intermodal containers and trailers hit 1,381,749 for a 4.9 percent, or a gain of 64,701 units, compared to October 2013. October’s weekly intermodal average of 276,350 containers now stands as the best weekly average for any month, while October marked the 59th consecutive month of annual intermodal gains. And on a year-to-date basis through October, the AAR said U.S. intermodal volume is up 5.5 percent at 11,459,079 units.
Posted on 11/07 at 10:08 AM
Thursday, November 06, 2014
Non asset-based third-party logistics (3PL) services provider Transplace said yesterday it has acquired Logistics Management Solutions (LMS), a St. Louis, Mo.-based non asset-based 3PL for serving shippers in the chemical and industrial manufacturing sectors.
Posted on 11/06 at 12:41 PM
Third quarter earnings for non asset-based 3PL XPO Logistics issued by the company last night were strong, with the company announcing that total gross revenue was up 241.5 percent at $662.5 million, while net revenue saw a 402.7 percent gain to $175.1 million.
Posted on 11/06 at 12:05 PM