Friday, January 16, 2015
Holiday package deliveries faced a far less bumpy road in 2014 compared to 2013.
Posted on 01/16 at 03:10 AM
Thursday, January 15, 2015
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Even with nearly matching declines in freight shipments and expenditures in December, the most recent edition of the Cass Freight Index report from Cass Information Systems indicated that 2014 ended up as the best year in freight transportation and logistics over the last seven years.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) headed up 0.8 percent from October to November, showing a sequential gain for the fifth straight month.
Posted on 01/15 at 09:10 AM
Freight TSI •
Wednesday, January 14, 2015
Commerce reported that November retail sales at $442.9 billion were down 0.9 percent compared to November and up 3.2 percent compared to December 2013, and total retail sales from October through December were up 4.1 percent annually. The NRF said that December retail sales, which exclude automobiles, gas stations, and restaurants, were up down 0.9 percent seasonally-adjusted month-to-month compared to November and increased 4.6 percent annually on an unadjusted basis.
CSX reported it had record fourth quarter net earnings of $491 million, which was up 15 percent annually over $426 million for the fourth quarter 2013, with earnings per share up $0.49 for a 17 percent annual increase, matching Wall Street estimates.
Posted on 01/14 at 11:53 AM
Railroad Shipping •
Tuesday, January 13, 2015
As the Department of Transportation quietly lifted its ban on Mexican-domiciled trucks for operation in this country, organized labor has ridiculed the move as irresponsible and harmful to highway safety.
Cargo volume has reached an all-time high at the Port of Oakland.
Even with the Pacific Maritime Association and International Longshore & Warehouse Union meeting with the U.S. Federal Mediation and Conciliation Service in hopes of helping the sides find a way to come to an agreement over stalled labor negotiations, the relationship between the parties, whom have been at odds for eight months, remains contentious.
Posted on 01/13 at 11:34 AM
The development of a piece picking robot began with a trip through the desert.