Thursday, May 19, 2011
Global third-party logistics (3PL) services provider CEVA is continuing to increase its presence in the United States. The company announced this week it has relocated its cross-dock operations to a new facility in Otay Mesa, California, which is less than three miles from its previous location.
The ongoing rebound in that transportation and logistics merger & acquisition activity appears to continue to be gaining traction, according to PricewaterhouseCoopers (PwC).
With both the Institute for Supply Management’s (ISM) Manufacturing Report on Business and Non-Manufacturing Report on Business showing strong growth for 23 and 17 months, respectively, it was not surprising that the ISM’s Semiannual Economic Forecast point to continued economic growth throughout the rest of the year. The report, which was released this week, is based on feedback from U.S.-based purchasing and supply executives.
The majority of recent news regarding the supply side of the equation strongly indicates a further tightening of oil and fuel supplies. Rather than taking my word for it, I present below a review and brief interpretation of recent news on supply coming from the largest oil producing countries.
Posted on 05/19 at 07:09 AM
Wednesday, May 18, 2011
Coming off of a 4 percent gain in United States-bound waterborne shipments from January to February, shipments from March to April saw a 7 percent bump with 959,364 shipments, said Panjiva. And the number of global manufacturers shipping to the U.S.—at 139,337 was up 6 percent.
ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said this week that net orders for North American Class 8 vehicles checked in at 38,100 units on a non-seasonally adjusted basis in April.
The truckload spot market in April was down 14 percent from April but showed a 12 percent annual gain compared to April 2010, said TransCore officials. They added that freight volumes in the South and Midwest regions of the U.S. were impacted most by the weather.
Tuesday, May 17, 2011
Earlier this week, the United States Supreme Court upheld a ruling in which it ordered $345 million in reparations and reductions from Class I railroad Burlington Northern Santa Fe (BNSF) to two shippers, Western Fuels Association Inc. and Basin Electric Cooperative Inc.
Diesel prices decreased for just the fourth time in the last 24 weeks—and the second consecutive week—with a 4.3 cent decline to $4.061 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). This follows a 2 cent dip last week, which dropped the average price per gallon to $4.104.
First quarter intermodal loadings—3,292,291—were up 9.0 percent annually, as were the four major intermodal equipment categories tracked by IANA.