Wednesday, December 01, 2010
The Port of Seattle Commission authorized the port’s annual budget and plan of finance yesterday, approving nearly $500 million in capital projects and maintaining the agency’s tax levy at $73.5 million.
As world leaders gathered in Cancun, Mexico this week to discuss ways to come up with a uniform approach to temper climate change, various signs pointed to the United Nations-hosted meeting being rife with challenges. That turned out to be the case, with various media reports indicating that an accord was not reached.
Tuesday, November 30, 2010
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 19.3 percent in September 2010 compared to September 2009, increasing to $68.3 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
While “the new austerity” is shaping public policy in Washington DC these days, there is concern among ocean shippers that there may be a negative impact on some supply chains.
With total spending on the nation’s busiest shopping day of the year up more than 9 percent annually at $45.0 billion, there may be cause for optimism, according to the National Retail Federation (NRF).
Diesel prices dipped 0.9 cents to $3.162 per gallon for the week of November 29, according to data from the Department of Energy’s Energy Information Administration (EIA).
FedEx subsidiary FedEx Express recently announced it has launched a new flight to and from Hanoi, Vietnam, which will run weekly from Tuesday through Friday.
Monday, November 29, 2010
Data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicates that the average retail sales price of Class 8 used vehicles sold in October was up 4 percent from September.
Logistics Management Group News Editor Jeff Berman had an opportunity to catch up with Patrick Quinn, Co-chairman and President of truckload and full-service freight transportation provider U.S. Xpress Enterprises Inc., at the recent TransComp expo in Ft. Lauderdale, Florida.
Since issuing its study last summer, Global consultancy IDC Manufacturing Insights contends that U.S. manufacturers are continuing their flight from low-wage outsourcing.