Tuesday, July 19, 2011
Just when U.S. exports are ramping up, comes news that the American Association of Port Authorities and the U.S. Department of Commerce’s International Trade Administration have signed a Memorandum of Intent at the Port of Oakland.
FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, is taking steps to augment its ocean freight forwarding services in the form of a new Ocean Choices portfolio the company introduced today.
The concept of an infrastructure bank has been lobbied around myriad times by members of Congress, industry associations, and infrastructure experts alike. On paper and conceptually, leveraging an infrastructure bank to fund future investment seems like a pretty good idea. But as we know, money is tight.
The average price per gallon for diesel went up 2.4 cents to $3.923 per gallon, following a 4.9 cent increase last week, which marked the single largest weekly gain since the week of April 4, when prices went up 4.4 cents to $3.976 per gallon.
It appears to be the season for less-than-truckload rate hikes, with Con-way Freight, the LTL subsidiary of freight transportation and logistics services provider Con-way Inc., announcing it is raising its rates by 6.9 percent, effective August 1.
Monday, July 18, 2011
After the critical shortages of containers of last year, production has picked up again, but high container prices and a tight ratio of containers to vessel slots will continue to constrain the availability of boxes
Spot market truckload volumes in June were the second-highest ever recorded in 2011 and in the 15 years they have been tracked by TransCore, the company recently reported.
Global supply chain and logistics services provider CEVA Logistics recently held its first global Supplier Awards ceremony. CEVA said these awards were launched as “part of its relentless quest for excellence” and are designed to recognize “impeccable execution, commitment, and strategic alignment among” its supplier base. LM Group News Editor Jeff Berman interviewed CEVA CEO John Pattullo about these awards and current trends and issues in the global 3PL market.
Freight transportation and logistics services provider Pacer International Inc. recently announced that its Pacer Distribution Services (PDS) subsidiary has expanded into the Seattle region by leasing space in Sumner, Washington.
Compared to a year ago, volumes are down overall at both ports.