Tuesday, February 08, 2011
Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, recently introduced a new, self-service Transportation Management System. Entitled Flex TMS, the software-as-a-service (SaaS) application provides shippers with integrated managed services, according to Echo.
Diesel prices continued heading north, with a 7.5 cent increase to $3.513 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). And current prices are up 74.4 cents annually.
Global third-party logistics (3PL) services provider Jacobson Companies recently announced it has established a strategic partnership with Rhenus Logistics, a European 3PL.
Monday, February 07, 2011
More than $10 million in counterfeit electronics, stolen merchandise and bank receipts have been recovered as a result of a cargo theft investigation initiated by Los Angeles Port Police.
UPS announced earlier today that it has expanded its UPS Express Freight service into Israel and Slovakia. Company officials said that this effort will serve expanding hubs for high-tech, industrial, and automotive shippers.
Posted on 02/07 at 01:36 PM
Global Logistics •
Since Barack Obama became President of the United States, one of the biggest complaints from his critics has been that his policies and measures have been far from “business friendly.” Maybe that is your opinion and maybe it isn’t, but, either way, it is worth taking a look at comments made during his speech at the United States Chamber of Commerce earlier today.
Posted on 02/07 at 12:50 PM
Following a decline in December freight shipments, the first month of 2011 continued that trend, according to the most recent edition of the Cass Information Systems Freight Index.
Friday, February 04, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported net income of $23.1 million—of $0.49 per share—for the fourth quarter of 2010.
Despite the encouraging news from The International Air Transport Association on improving freight volumes, there are still two key issues that may have a negative impact on a full recovery: the weather and fuel prices.
Posted on 02/04 at 11:12 AM
Air Cargo •
The International Air Transport Association reported full-year 2010 demand statistics for international scheduled air traffic that showed a 20.6 percent increase in freight
Posted on 02/04 at 10:40 AM
Air Cargo •