Thursday, October 07, 2010
Preliminary data recently released this week by freight transportation forecasting firm and consultancy FTR Associates indicates that September Class 8 truck total net orders for North American OEM’s at 14,872 units are up 21.6 percent over August and 38.8 percent year-over-year.
Class I railroad carrier Canadian Pacific Limited and Teck Resources Limited said they have inked a 10-year deal in which CP will transport Teck’s steelmaking coal from five Teck-owned mines in southeast British Columbia to Vancouver-area ports. This arrangement is expected to begin on April 1, 2011.
Posted on 10/07 at 06:01 AM
Wednesday, October 06, 2010
The memorandum of understanding will establish a strategic partnership to promote international commerce and logistic activities
Posted on 10/06 at 02:33 PM
Supply Chain •
Recent projections from the National Retail Federation indicates that 2010 holiday retail sales will hit $447.1 billion for a 2.3 percent gain over 2009. NRF officials said that while this increase is slightly lower than its ten-year average holiday sales increase of 2.5 percent, it still represents a significant improvement from 2009’s 0.4 percent increase and 2008’s 3.9 percent decline.
Posted on 10/06 at 12:18 PM
Holiday Sales •
Speaking at the Council of Supply Chain Management Professionals Annual Conference in San Diego last week, Chuck Taylor said that for the first time in its history the United States will be forced to increase economic growth while decreasing oil consumption, which, he said, is something that has never happened before.
Posted on 10/06 at 10:03 AM
Chuck Taylor •
Tuesday, October 05, 2010
The Institute of Supply Management’s (ISM) Non-Manufacturing Report on Business recovered some of its losses from its previous report, with a 1.7 percent gain from August to September.
According to the Wall Street Journal, U.S. shippers are going to have a hard sell when in comes to going global
Posted on 10/05 at 12:27 PM
After an 18-week respite, the average price per gallon of diesel gasoline is back in $3 per gallon territory, according to data released this week by the Department of Energy’s Energy Information Administration. For the week of October 4, the EIA reported that average diesel prices are exactly $3 per gallon, representing a 4.9 percent increase from the week of September 27.
After growing faster than the overall economy during the first year of the recovery, manufacturing has clearly downshifted into low gear, noted spokesmen for the National Association of Manufacturers (NAM).
Businesses that scaled back on supply during the recession may find themselves or their suppliers suddenly unable to accommodate increased demand as the economy begins to recover, some experts warn.
Posted on 10/05 at 08:28 AM
Zurich Capital •