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Wednesday, October 20, 2010

Manufacturers and members of the nation’s supply chain community welcomed the news last week that the Department of Interior’s would be ending the offshore drilling moratorium in the Gulf Coast region.

Tuesday, October 19, 2010

The pace of the economic recovery and strategies to meet economic challenges, coupled with opportunities to refine capabilities, increase efficiencies and drive down costs, are among top of mind objectives for retail-based shippers, according to the findings of a recent study conducted by The Retail Industry Leaders Association (RILA) and Auburn University.

Class I railroad carrier Union Pacific this week officially opened its 785-acre, nearly $370 million Joliet, Illinois Intermodal Terminal. Construction on the $370 million terminal began in August 2008, with phase one completed this past August. It is located five miles south of I-80 and seven miles east of I-55.

The average price per gallon of diesel gasoline remained above the $3 per gallon for the third straight week, according to data released this week by the Department of Energy’s Energy Information Administration. For the week of October 18, the EIA reported that average diesel prices are $3.073 per gallon, a 0.7 cent increase from the week of October 11.

After nine months of steady recovery, California’s merchandise export trade showed signs of faltering in August.

Monday, October 18, 2010

Express delivery and logistics services provider DHL Express announced today it is taking further steps to leverage its international scope and reach by rolling out a new section of its Time Definite import and express services.

YRCW expects third quarter positive adjusted EBITDA with a range of $42 million to $46 million, and for the second and third quarters YRCW expects cumulative adjusted EBITDA within a range of $82 million-to-$86 million, topping the $50 million covenant level required as part of its credit agreement.

September retail sales showed slight gains, according to data released by the United States Department of Commerce and the National Retail Federation (NRF).

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of global manufacturers shipping to the United States fell in September, following modest gains the past two months.

Last week, AASHTO unveiled a proposal for Congress that it said would “convert the federal tax on gasoline and diesel fuel from a cents-per-gallon basis to a percentage basis, a mechanism that could raise revenues to pay for greater highway and transit investment if the price of fuel rises in future years.”