Friday, November 08, 2013
In a move geared towards bringing more volume to the Port of Los Angeles (POLA) in 2014, the Los Angeles Board of Harbor Commissioners said yesterday it has signed off on an incentive program that will reward shipping lines bringing new container business into POLA.
October carloads—at 1,443,609—were up 1.5 percent—or 21,059 carloads— annually, and intermodal volumes were impressive, rising 6.8 percent (or 84,120 units) to 1,317,601 containers and trailers.
Economic recovery prospects in North Europe appear to be on the right track, according to the most recent edition of the North Europe Global Port Tracker report produced by maritime consultancy Hackett Associates and the Institute of Shipping Economics and Logistics.
Thursday, November 07, 2013
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 2.0 percent in August 2013 compared to August 2012 at $96.5 billion.
Posted on 11/07 at 12:39 PM
Financially struggling YRC Worldwide Inc., parent of the second-largest LTL carrier in the nation that has lost more than $2.6 billion in the last six years, has initiated discussions with the International Brotherhood of Teamsters in seeking another round of wage and benefit concessions.
Posted on 11/07 at 12:00 PM
YRC Worldwide •
Wednesday, November 06, 2013
Gearing up for the holiday season rush, specifically the shipping and delivery side of it, UPS recently rolled out its route optimization software it calls ORION, which is short for On-Road Integrated Optimization and Navigation.
Posted on 11/06 at 12:04 PM
BDP officials said that it is one of a small number logistics service providers were approved by Dubai Exports to provide world class, value added services and capabilities to Dubai-based exporters and solidifies BDP as a leading provider of logistics services on the Gulf Region.
Tuesday, November 05, 2013
Typically viewed as a month in which freight really gets rolling ahead of the holiday shopping rush, October did not show its usual anecdotal evidence of better things ahead, according to the most recent edition of the Cass Freight Index report.
Non-manufacturing activity continued to show solid growth in October, according to the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business. The ISM’s index to measure growth—the NMI—inched up 1.0 percent to 55.4 in October.
Posted on 11/05 at 01:32 PM
The company reported third quarter revenue of $194.0 million, which is a 173.3 percent annual increase, with gross margin dollars up 251.0 percent to $34.8 million, and gross margin percentage up 400 basis points to 18.0 percent.
Posted on 11/05 at 11:39 AM
XPO Logistics •