Thursday, November 17, 2011
After decades of uncertainty over millions of dollars of potential pension withdrawal liability, Teamsters union-covered trucking companies in multi-employer pension plans finally have some tangible financial rays of hope.
Posted on 11/17 at 11:05 AM
Wednesday, November 16, 2011
Financial issues for the United States Postal Service (USPS) remain front and center, with this week’s announcement that for Fiscal Year 20111 the USPS had a net loss of $5.1 billion.
Company officials said that this output marked the highest same-month volume since the aftermath of Hurricane Katrina in 2005 and was the highest same month volume since then.
Retail sales turned in decent performances in October, according to data released this week by the United States Department of Commerce and the National Retail Federation (NRF).
Diesel prices were up a full dime, with the price per gallon hitting $3.987.
The Long Beach Board of Harbor Commissioners voted unanimously this week to name J. Christopher Lytle, the Port’s Deputy Executive Director and Chief Operating Officer, as the Port of Long Beach’s new Executive Director.
Tuesday, November 15, 2011
The Georgia Ports Authority, Georgia Gov. Nathan Deal and Atlanta Mayor Kasim Reed hosted U.S. Secretary of Transportation Ray LaHood today for a briefing on the Savannah Harbor Expansion Project and a tour of the Port of Savannah
Monday, November 14, 2011
The League explores "slow steaming" alternatives as well as vessel redeployment scenarios
Friday, November 11, 2011
After things appeared to be looking up—in terms of business conditions—for shippers, data released this week by freight transportation forecasting firm FTR Associates indicates that tougher times are indeed back.
A new indicator for truckload pricing, which was recently introduced by Cass Information Systems, the largest payer of freight bills with more than $17 billion in annual freight spend, and investment firm Avondale Partners, disclosed this week that per-mile truckload pricing saw significant gains in October.