Wednesday, August 03, 2011
The ISM’s index for measuring the sector’s overall health—known as the NMI—was 52.7 in July, a 0.6 percent decline from June. A reading above 50 represents growth. And even with the sequential decline in the NMI the report showed growth in the non-manufacturing sector for the 20th consecutive month.
Even though freight volumes have somewhat flattened out, the most recent release of the Cass Information Systems Freight Index pointed to economic slowness from June to July.
Tuesday, August 02, 2011
Non asset-based third-party logistics services provider Roadrunner Transportation Services (RRTS) said this week it has acquired all of the outstanding stock of The James Brooks Company for approximately $7.5 million.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 15.7 percent in May 2011 compared to May 2010, hitting $77.3 billion.
Following a cumulative 9.9 cent gain over the previous three weeks, the Department of Energy’s Energy Information Administration (EIA) reported this week that the price per gallon of diesel dropped 1.2 cents to $3.937.
This tool enables shippers to choose from various certified reports to get a clear handle on the main drivers of carbon emissions from the transportation modes used for pickup and delivery emissions in their supply chains
Posted on 08/02 at 05:59 AM
Monday, August 01, 2011
In its July report, the ISM reported that the index it uses to measure the manufacturing sector—known as the PMI—was 50.9 percent. This represents a 4.4 percent drop from June’s 55.3.
UPS recently announced in its annual Sustainability Report that it is continuing to reduce the amount of fuel used per each delivered package it moves in the United States.
Friday, July 29, 2011
Second quarter earnings for Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, were strong, with total revenue up 37.9 percent at $151.5 million.
The survey found that larger carriers—those with more than $25 million in revenue—are twice more likely to be interested in buying a company compared to smaller carriers (with less than $25 million in revenue).