Friday, June 19, 2015
The Asia-Pacific Economic Cooperation (APEC) routinely produces a white paper on key trends and developments related to trade and investment in the world’s most dynamic marketplace. It’s most recent study is titled “Do Free Trade Agreements Matter?”
A move by an autonomous board of the Nationals Motor Freight Traffic Association (NMFTA) to require binding arbitration in freight claims and billing disputes is drawing fire from a major shippers group.
Posted on 06/19 at 08:38 AM
The trucking industry is welcoming a classic productivity tradeoff – allowing 33-foot twin “pup” trailers in exchange for toughening equipment and driver training standards. Although the moves are not directly linked, the upshot of the pending introduction of 33-foot trailers will allow LTL carriers up to 18 percent greater productivity—a boon to large LTL carriers such as FedEx Freight, UPS Freight, Con-way and a host of regional and interregional LTL operations.
Posted on 06/19 at 08:27 AM
Thursday, June 18, 2015
U.S. Chamber of Commerce, which has been championing Trade Promotion Authority (TPA), joins other shippers in praising the House passage of this important legislation.
Wednesday, June 17, 2015
Oakland handled 213,260 cargo containers last month. That was the most since it reported volume of 216,276 containers in August 2011.
FedEx Corp. today reported adjusted earnings of $2.66 per diluted share for the fourth quarter ended May 31, compared to adjusted earnings of $2.54 per diluted share a year ago, thereby falling short of what many market analysts expected.
Posted on 06/17 at 08:04 AM
Tuesday, June 16, 2015
As more companies conduct business globally, and as more customers demand a wider array of shipping and receiving options, the need for holistic, omni-modal transportation systems has become imperative. The days when manual spreadsheets, phone calls, and emails were enough to effectively manage the transportation component are long gone.
Posted on 06/16 at 11:59 AM
Monday, June 15, 2015
In picking up where April left off, the May edition of the Cass Freight Index Report from Cass Information Systems included the best results of the report on a year-to-date basis.
One of the most recent plans to remedy the difficult situation the HTF came from Rep. Ron DeSantis (R-FL) and Sen, Mike Lee (R-UT) with their introduction of the Transportation Empowerment Act in the House and Senate. The pair said that this bill will reform U.S. transportation policy and reduce the federal gasoline tax in addition to giving states the financial flexibility to use transportation funding where it is most appropriate.
Posted on 06/15 at 12:01 PM
As was the case in April, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, issued this week did not stick to its typical theme of flat or slight growth from April to May. Instead, it saw a fairly significant gain.
Posted on 06/15 at 09:54 AM
Global Trade •