Monday, September 19, 2011
The financial restructuring of less-than-truckload services provider YRC Worldwide appears to be complete based on news late last week noting that company shareholders unanimously voted to have YRCW common stock diluted, according to media reports.
Friday, September 16, 2011
Funding for federal highway, transit, and highway safety will remain intact at current levels through March 31, 2012, with Congress passing H.R. 2887, The Surface and Air Transportation Program Extension Act of 2011.
Carload volume—at 278,382—was up 0.1 percent year-over-year and was down compared to the previous three weeks.
This announcement came 25 years to the day when UPS began operations out of this airport. Company officials said the roughly $200 million expansion, which is expected to be completed by the end of 2013, will be comprised of equipping the existing facility with additional state-of-the-art technology and an extension to the existing building, with the building processing larger freight shipments.
Thursday, September 15, 2011
August volumes for the Ports of Los Angeles and Long Beach were both down compared to the same timeframe in 2010.
A week after a Senate committee held a hearing to examine the current state of the United States Postal Service and recent proposals to improve its financial condition, the USPS today announced proposed changes to its network that it said would deliver $3 billion in annual savings.
Posted on 09/15 at 12:14 PM
The emergence of cloud computing is having a direct and positive impact on manufacturers’ IT performance and subsequently supply chain operations, according to a report from IDC Manufacturing Insights.
The latest Producer Price Index (PPI) shows that inflation remained in stand-still mode in August as an upsurge in food prices was offset by an equivalent decrease in energy prices
Posted on 09/15 at 08:58 AM
Global Trade •
With its fifth annual bechmarking survey of logistics professionals, Kewill came to some rather startling conclusions about the current state of the parcel shipping industry
Posted on 09/15 at 08:53 AM
Wednesday, September 14, 2011
The BTS said that the July Freight TSI at 108.3 is up 14.8 percent from the recent low of 94.3 in April 2009, which was its lowest level since July 1997. July’s Freight TSI is down 4.4 percent from its historic peak of 113.3 in January 2005.