Thursday, November 05, 2015
On a year-to-date basis, intermodal volume—at 12,614,472—is up 3.7 percent annually.
Posted on 11/05 at 12:25 PM
Fast-growing XPO Logistics, an entity that didn’t even exist five years ago, is growing revenue at a faster pace than even the Greenwich, Conn.-based conglomerate expected on the heels of finalizing its $3 billion purchase of Con-way Inc.
In mid-September, the much anticipated final rule for electronic logging devices was pushed back one month from September 30 to October 30, according to the Report on DOT Significant Rulemakings issued by the United States Department of Transportation. But while October has now come and gone, the situation regarding the final ELD rule remains the same in that nothing has been issued. But according to a research note issued by Jason Seidl, transportation analyst at Cowen and Company, the ELD implementation rule may be issued by mid-November.
Posted on 11/05 at 08:28 AM
Wednesday, November 04, 2015
If logistics managers needed any more proof that ocean container lines are “on the ropes,” the latest move by Maersk demonstrates just how dire their situation has become.
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 59.1 in October (a level of 50 or higher indicates growth), up 2.2 percent over September’s 56.9 and down 1.2 percent compared to July’s 60.3, which is its highest reading since January 2008.
Posted on 11/04 at 11:57 AM
While third quarter transportation and logistics merger and acquisition (M&A) activity saw a decline, year-to-date deal making matched up well with recent years as deal value for the first nine months of 2015 hit its highest level going back to 2006, according to data issued in the Intersections report by PwC this week.
Posted on 11/04 at 09:53 AM
Global express delivery and logistics services provider DHL said this week it has opened up a new $1.5 million Herndon, Va.-based service center, which will serve the Dulles Corridor section of Northern Virginia.
Posted on 11/04 at 02:02 AM
Tuesday, November 03, 2015
The National Customs Brokers & Forwarders Association of America, Inc. is urging "caution" as two new important regulatory deadlines approach early next year.
Seattle-area based Pacific Alaska Freightways (PAF), a provider of freight transportation services to Alaska, including steamship, barge, rail, air, truckload, less-than-truckload, and intermodal was recently acquired by Span Alaska Transportation, an Anchorage, Alaska-based provider of freight and transportation services for the Alaska market.
Diesel prices fell for the third straight week, with the average price per gallon down 1.3 cents to $2.485 per gallon, according to the Department of Energy’s Energy Information Administration.
Posted on 11/03 at 09:33 AM
Diesel Prices •