Wednesday, February 15, 2012
Cargo activity at the Port of Los Angeles got off to a great start, with the port announcing earlier today that its January total of 698,715 TEU (Twenty-foot Equivalents) represents its best January ever recorded, topping January 2007, which reached 691,602 TEU.
Business conditions for shippers in December showed improvement from November but still represent a “somewhat adverse” environment, according to the most recent edition of the Shippers Condition Index (SCI) from freight transportation forecasting firm FTR Associates.
Entitled Averitt Retail Distribution Services, the company said that this group will provider retail shippers with “flow-through” and customized delivery services that meet retailers’ unique requirements.
Tuesday, February 14, 2012
Trade with China, Japan, and South Korea also helped California firms establish a new record high for merchandise exports in 2011
Posted on 02/14 at 07:18 PM
Global Trade •
January’s PCI dipped 1.7 percent after a 0.4 percent December gain and increases of 0.1 percent and 1.1 percent in November and October, respectively. With this decline, the PCI has seen growth in five of the last 11 months.
Coming off of the holiday shopping season, January retail sales turned in positive performances and showed signs of slow but continuing economic improvement, according to data from the United States Department of Commerce and the National Retail Federation.
With an 8.7 cent increase, the price per gallon of diesel is now at $3.943 per gallon, according to the Department of Energy’s Energy Information Administration
Posted on 02/14 at 10:43 AM
Diesel Prices •
According to the Teamsters for a Democratic Union, the YRC Freight change of operations, which it said “aims to eliminate all utility employees and most end of line jobs,” is on hold, with a planned YRC Freight March 1 hearing on the change of operations now postponed.
Posted on 02/14 at 10:08 AM
YRC Freight •
Monday, February 13, 2012
According to a leading trade intelligence report, inbound ocean cargo calls increased at all top ten U.S. ports last month.
Taking its next steps in launching a less-than-container load (LCL) offering, global third-party logistics (3PL) services provider CEVA Logistics announced today that it has opened two new LCL lanes.
Posted on 02/13 at 11:56 AM
Ocean Freight •