Wednesday, November 10, 2010
Third-party logistics (3PL) services provider Mallory Alexander International Logistics announced this week that it has acquired Tradesource Inc., an international freight forwarder based in Charleston, S.C., from Atlantic Services Group Inc.
Tuesday, November 09, 2010
Law 154, which imposes a discriminatory tax on multinational companies operating in Puerto Rico, may pose serious consequences for shippers, said The National Association of Manufacturers
Like preceding months, October rail volumes were up and down when compared to the last two years, according to data released by the Association of American Railroads (AAR). The AAR reported that monthly rail carloads for October—at 1,196, 432—were up 8.7 percent from October 2009 and down 7.9 percent from October 2008. And the weekly October average of 299,108 carloads was the highest since October 2008, topping September’s 297, 502 weekly carload average.
Metro Atlanta-based dedicated short-haul truckload carrier James Brown Contracting Inc. (Brown Trucking) recently announced it has acquired West Brothers’ Companies, a Durham, N.C.-based provider of transportation, logistics, and leasing of commercial fleet services in the southeast.
In light of the October attempt by terrorists to send explosives originating from Yemen to the United States on cargo and passenger planes, the White House and the Department of Homeland Security (DHS) yesterday issued a number of steps to augment security and tighten existing measures pertaining to U.S.-bound cargo.
Ocean carriers and ports are not often given the chance to share the stage when it comes to articulating a common strategy. Even when pursuing a similar goal, the tactics can be at cross purposes.
Following two straight weeks at $3.067 per gallon for diesel gasoline, the price per gallon rose 4.9 cents to $3.116 per gallon for the week of November 8. This marks the sixth straight week of the average price per gallon at $3 or more
Monday, November 08, 2010
Following the lead of its industry brethren, less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) said it is increasing its base rates by roughly 4.9 percent, effective November 15.
Even though import cargo volumes at U.S.-based retail container ports declining on a sequential basis, they are up on an annual basis, according to the most recent Port Tracker report by the National Retail Federation (NRF) and Hackett Associates. In September,U.S. ports handled 1.34 million Twenty-foot Equivalent Units (TEU), which was down 6 percent from August’s 1.42 million TEU and up 17 percent compared to September 2009.
Worldwide sales of semiconductors were $26.5 billion in September, a gain of 2.9 percent from the prior month when sales were $25.8 billion, the Semiconductor Industry Association reported.