All Entries

Wednesday, July 07, 2010

Faced with the possibility of a projected $7 billion shortfall for Fiscal Year 2011, the United States Postal Service (USPS) said yesterday it is proposing price increases to get on the right track to better financial footing.

The good news released recently by Alphaliner about more carrier activity has been countered by Drewry Shipping Consultants’ latest Container Forecaster, which posits the idea that a “peak season” may fail to materialize.

During the first six months of 2010, the active containership capacity has risen by 15.3 percent, jumping from 11.55 million twenty-foot equivalent units (TEU) on January 1 to 13.32 million TEU at the end of June, according to figures released by Alphaliner, a Paris-based consultancy.

Executive Editor Bob Trebilcock takes a look at why U.S.-based companies are sold on manufacturing at home.

As part of its ongoing global expansion, FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, said it has chosen international freight forwarder Fritz Companies Israel as its sole Regional Service Provider (RSP) in Israel. Company officials said this partnership will provide shippers with expanded international ocean and air freight forwarding services.

Tuesday, July 06, 2010

Like its companion report, which focuses on the manufacturing sector, the Institute of Supply Management’s (ISM) June report on the non-manufacturing sector showed continued growth albeit at a reduced rate.

The damage the global recession inflicted in the Warehouse Management Systems (WMS) marketplace in 2009 was severe to say the least, according to an analysis from ARC Advisory Group.

The Semiconductor Industry Association (SIA) reported today that worldwide sales of semiconductors in May were $24.7 billion, a sequential increase of 4.5 percent from April.

America’s seaports are taking several different paths toward providing shippers with safe and secure commerce, LM learned last week in a series of interviews.

Friday, July 02, 2010

While some economic indices have taken a hit in the last week, one that keeps making forward progress is the Cass Information Systems Freight Index.