Friday, July 18, 2014
President Obama said he will sign a Presidential Memorandum to establish the Build America Investment Initiative, which the White House said will increase infrastructure investment and economic growth by engaging with state and local governments and private sector investors to encourage collaboration, expand the market for public-private partnerships (PPP) and leverage private capital’s potential to work in tandem with government funding.
Carload volumes were up 4.8 percent at 290,607, and intermodal volume was up 3.2 percent at 256,256 containers and trailers.
Posted on 07/18 at 06:57 AM
Thursday, July 17, 2014
Annual increases were reported across the board for spot market activity for various equipment types in June, with van loads up 39 percent, refrigerated freight up 51 percent, and flatbed volumes increasing by 69 percent.
Posted on 07/17 at 11:04 AM
Spot Market •
POLA reported that total volumes were up 13.89 percent annually at 736,438 TEU (Twenty-foot Equivalent Units), which represents its highest TEU tally in a single month since September 2012, and POLB volumes were up 8 percent annually at 610,516 TEU, with June 2014 standing as the best June at the port since June 2007.
Posted on 07/17 at 09:38 AM
Cincinnati-based non-asset freight broker and third-party logistics (3PL) services provider Total Quality Logistics (TQL) recently announced it has opened a new sales office in Daphne, Alabama.
Wednesday, July 16, 2014
Company officials said that the objective of this healthcare-compliant FSL network is to reduce delivery time of medical device shipments and also to augment inventory visibility.
Posted on 07/16 at 10:56 AM
The House of Representatives voted by a 367-55 margin to approve H.R. 5021, the Highway Transportation and Funding Act of 2014, which will keep federal transportation funding intact through May 2015.
Tuesday, July 15, 2014
TIACA has applauded a move by U.S. regulators towards a more risk-based approach to air cargo screening.
Posted on 07/15 at 04:39 PM
Air Freight •
Air Cargo •
Commerce reported that June retail sales at $439.9 billion were up 0.2 percent over May and up 4.3 percent compared to June 2013, and the National Retail Federation said that June retail sales, which exclude automobiles, gas stations, and restaurants, were flat on a seasonally-adjusted and sequential basis for the second straight month in May, and saw a 3.0 percent unadjusted annual increase.
U.S.-bound waterborne shipments in June—at 1,195,872—were up 6 percent annually and were flat from May to June.
Posted on 07/15 at 09:50 AM
Global Trade •