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Thursday, November 06, 2014

Non asset-based third-party logistics (3PL) services provider Transplace said yesterday it has acquired Logistics Management Solutions (LMS), a St. Louis, Mo.-based non asset-based 3PL for serving shippers in the chemical and industrial manufacturing sectors.
Posted on 11/06 at 12:41 PM
News3PLTransplacePermalink


Third quarter earnings for non asset-based 3PL XPO Logistics issued by the company last night were strong, with the company announcing that total gross revenue was up 241.5 percent at $662.5 million, while net revenue saw a 402.7 percent gain to $175.1 million.
Posted on 11/06 at 12:05 PM
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Wednesday, November 05, 2014

Transportation and logistics titan FedEx said today that Bill Logue, president and CEO of FedEx Freight, its less-than-truckload subsidiary, will retire from his position, effective December 31, 2014. FedEx officials said Logue cited health concerns as the reason for retirement.
Posted on 11/05 at 03:10 PM
NewsLTLFedEx FreightPermalink


As contract negotiations resume today between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU), a war of words and allegations has escalated in the trade press.
Posted on 11/05 at 03:01 PM
NewsPortsSeaportsLaborILWUPermalink


LM Group News Editor Jeff Berman recently caught up with UPS Freight President Jack Holmes about a variety of topics, including pricing, market conditions, and regulations, among others.
Posted on 11/05 at 01:59 PM
NewsLTLUPS FreightPermalink


The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.1 (a reading above 50 represents growth) in October, down 1.5 percent from September’s 58.6 and down 2.5 percent from August’s 59.6, which is the highest NMI reading since it was added to the report in January 2008.
Posted on 11/05 at 11:38 AM
NewsISMNMIPermalink


Tuesday, November 04, 2014

Commonly referred to as the “Driver Coercion Rule” in industry circles, the rule has various moving parts that have the potential to fundamentally change various facets of how freight is moved by motor carriers, tendered, and brokered, with many industry stakeholders maintaining they will not be changes for the better.
Posted on 11/04 at 01:59 PM
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U.S. Customs and Border Protection (CBP) Commissioner R. Gil Kerlikowske and Mexico’s Tax Administration Service (SAT) Chief Aristóteles Núñez Sánchez recently signed a mutual recognition arrangement that allows stronger collaboration between CBP’s Customs-Trade Partnership Against Terrorism (C-TPAT) and SAT’s New Certified Companies Scheme (NEEC).
Posted on 11/04 at 10:20 AM
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Diesel prices dropped again this week, with the Department of Energy’s Energy Information Administration (EIA) reporting that the average price per gallon fell 1.2 cents to $3.623 per gallon. Weekly diesel prices have failed to see a single increase since the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon, a span stretching 19 weeks.
Posted on 11/04 at 09:52 AM
NewsEIADieselPermalink


Monday, November 03, 2014

A conference call hosted by investment firm Stifel Nicolaus last week that featured Dave Osiecki, Executive Vice President & Head of Advocacy at the American Trucking Associations (ATA) provided a detailed insight into the overall outlook for the trucking industry in terms of regulations and politics that can impact the industry going forward.
Posted on 11/03 at 03:08 PM
NewsTruckingATAPermalink



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