Wednesday, August 22, 2012
Abandoning its longstanding commitment to a collective approach in bargaining with the Teamsters, financially ailing ABF Freight System has informed the union it is pulling out of the National Master Freight Agreement and will negotiate a separate contract.
The offer period for UPS’s $6.28 billion acquisition of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator will be extended from its original expiration date of August 31 to November 9, according to UPS and TNT officials.
Posted on 08/22 at 09:43 AM
Global Logistics •
Manufacturers Alliance for Productivity and Innovation CEO discusses the report and calls for holistic view to regulatory landscape.
Tuesday, August 21, 2012
The ATA reported that seasonally-adjusted (SA) truck tonnage in July—at 118.8 (2000=100)—was flat compared to June, which was up 1.2 percent compared to May, representing the largest month-to-month increase in 2012 year-to-date. SA tonnage was down 1.0 percent in May.
The performance of cyber sales in the second quarter is stellar compared to the poor showing of the brick-and-mortar stores.
Posted on 08/21 at 01:35 PM
The majority of U.S. industrial manufacturers who were surveyed remain optimistic regarding prospects for the U.S. economy, but sentiment about the global economic outlook continues to weaken, according to the Q2 2012 Manufacturing Barometer recently released by PwC U.S.
A partnership to promote imports and re-exports of apparel and fashion between Asia, the Colon Free Zone and Latin American destinations was signed by the Panamanian company Exclusive Brands Logistics Corp. and Damco Panama.
Deutsche Post DHL to Further Expand China and Asia-Pacific Footprint
A report submitted to Congress by the Federal Railroad Administration earlier this month stated that there are still many obstacles to implementing Positive Train Control systems for U.S. railroads.
The price per gallon hit $4.026, driven by a 6.1 cent weekly gain, with prices rising a cumulative 31.7 cents over the last seven weeks.
Posted on 08/21 at 08:26 AM
Diesel Prices •