Tuesday, July 05, 2011
This round of funding follows the original $1.5 billion TIGER program, which was part of the American Recovery and Reinvestment Act.
Crowley Maritime Corporation, a provider of ocean cargo transportation services, recently announced it has acquired the business and assets of Puerto Rico Freight Systems (PRFS), a provider of freight consolidation and less-than-container load (LCL) transportation services in the Caribbean.
LM Group News Editor Jeff Berman conducted an on-stage interview with Leo Suggs, Chairman of the Board and CEO of Greatwide Logistics at the eyefortransport 3PL Summit. The theme of this year’s interview was “Gauging the Impact of Driver Shortages and Changed Carrier Relationships.”
Friday, July 01, 2011
The ISM reported that the index it uses to measure the manufacturing sector—known as the PMI—was 55.3 in June, up 1.8 percent from May’s 53.5. May marked the first month in 2011 that the PMI did not exceed 60. But even though the last two months were below 60, manufacturing experts said it was likely the PMI would head down a little bit.
Carload volume—at 284,562—was down 0.2 percent annually and behind the weeks ending June 17 and June 10 which hit 294,310 and 290,181, respectively.
The General Rate Increase will be 6.9 percent and covers non-contractual shipments in the U.S., Canada, and Mexico, according to UPS. It also applies to minimum charge, LTL rates, and accessorial charges. UPS added that shippers will be able to view and download the new rates at http://www.ltl.upsfreight.com
Posted on 07/01 at 08:31 AM
Responding to shipper concerns, the West Coast MTO Agreement (WCMTOA) announced it will postpone until August 1 its planned adjustment to the Traffic Mitigation Fee at the Ports of Los Angeles and Long Beach.
According to the report, total dollars billed in the first quarter for all study participants—at roughly $1.8 billion—was up 17.1 percent compared to the first quarter of 2010.
Thursday, June 30, 2011
A new piece of legislation introduced by Congressmen Russ Carnahan (D-MO) and Frank Guinta (R-NH) is focused on addressing fraud-related issues in the freight transportation marketplace.
Rising prices and other inflationary pressure could reduce corporate profits by up to 9 percent in 2011 and 2012