Tuesday, November 16, 2010
With four straight months of sales gains under their belts and with the holiday season fast approaching, retailers have reason for optimism as consumer spending finally shows momentum
Posted on 11/16 at 12:28 PM
Provisions that block foreign firms from bidding on major contracts with the federal government will stifle trade, says UPS
A confluence of positive economic events is causing trucking industry officials and economists to predict tighter trucking capacity perhaps as soon as the second quarter of 2011, experts are saying. The effects will be most noticeable in the $290 billion truckload sector, which has more severe capacity restraints on drivers and equipment than the $26.5 billion LTL sector, which still has overcapacity stemming from the last recession.
Posted on 11/16 at 05:00 AM
Monday, November 15, 2010
Slow steaming on the transpacific appears to losing its cachet with some shippers, analysts and carriers report.
Four organizations have signed a letter of intent committing to work towards the formation of an industry advisory group to ensure the air cargo industry has a strong, unified voice in its dealings with worldwide regulatory authorities and other bodies.
The trucking industry could lose significant capacity as more drivers are facing disqualification as the federal government initiates tough safety standards in December and truly rolls them out during 2011. That’s because the federal government is poised to launch the toughest safety crackdown on the estimated 3 million long-haul truck drivers and 800,000 carriers in the history of the industry.
Posted on 11/15 at 05:00 AM
Driver Shortage •
Friday, November 12, 2010
The United States Postal Service (USPS) reported that it had a net loss of $8.5 billion for the fiscal year which ended on September 30. USPS officials cited various factors for the loss, including “continuing economic pressures and migration to electronic media [having] a significant adverse impact on mail volumes and operating revenues. Despite rigorous initiatives that eliminated 75 million work hours and drove productivity to record highs in 2010, the losses mounted.”
A wide-ranging survey published by UPS and IDC Manufacturing Insights based on interviews with senior-level supply chain, operations, logistics, and distribution executives at 125 high-tech companies found that taking care of the bottom line is imperative when looking back at the lessons learned from the Great Recession.
Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of global manufacturers shipping to the United States fell in October for the second straight month, following modest gains the previous two months.
Railroad volumes for the week ending November were up year-over-year, according to data released by the Association of American Railroads (AAR). Carload volume at 288,056 was up 4.9 percent compared to the same week last year but down compared to the three previous weeks at 292,884, 302,855, and 303,664, respectively.