Wednesday, September 16, 2015
Quarterly net income at $692 million was up 5.6 percent annually, and revenue at $12.3 billion was up 4.9 percent. Operating income at $692 million was up 5.6 percent. Quarterly operating margin—at 9.3 percent—saw a 2.2 percent annual gain, and earnings per share of $2.42 were up 6.7 percent but were below Wall Street estimates of $2.45 per share.
Posted on 09/16 at 10:24 AM
Tuesday, September 15, 2015
What are the technologies likely to impact the supply chain tomorrow? At the upcoming Supply Chain Outlook Summit, Deloitte's Scott Sopher will reveal the results of a recent survey of new technologies and their adoption rate.
For more than a long time, there has been heavy debate and discussion over truck size and weight-related issues. One argument that has been consistently made over time in an effort to allow heavier and longer trucks on the road, with the objective of increasing highway productivity, has been to reform Interstate vehicle weight limits for six-axle trucks. This topic again came to light last week, with Rep. Reid Ribble (R-Wis..) introducing the Safe, Flexible, and Efficient (SAFE) Trucking Act.
Commerce reported that August retail sales at $447.7 billion were up 0.2 percent compared to July, and NRF reported that August retail sales, which exclude automobiles, gas stations, and restaurants, were up 0.2 percent on a seasonally-adjusted basis compared to July.
After heading up for the first time in 14 weeks last week, the average price per gallon for diesel gasoline went back to its more familiar pattern of declines, falling 1.7 cents to $2.517 per gallon, according to the Department of Energy’s Energy Information Administration.
Posted on 09/15 at 09:27 AM
Diesel Prices •
Monday, September 14, 2015
The California State Senate is withholding pay raises that would have exceeded Pilot's current take home pay of more than $450,000 per annum.
As one might expect, The Third Annual Global Supply Chain Excellence Summit staged by the USC Marshal School of Business last week placed a major focus on Southern California ports.
Posted on 09/14 at 10:46 AM
Following July, which saw mixed results, August volumes at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) were on the same page, with the two largest North American ports, which collectively account for more than 40 percent of U.S. imports, posting annual gains.
August followed a similar pattern laid out in July in the most recent edition of the Cass Freight Index Report from Cass Information Systems, with declines for both freight shipments and expenditures.