Thursday, June 30, 2011
A new piece of legislation introduced by Congressmen Russ Carnahan (D-MO) and Frank Guinta (R-NH) is focused on addressing fraud-related issues in the freight transportation marketplace.
Rising prices and other inflationary pressure could reduce corporate profits by up to 9 percent in 2011 and 2012
Wednesday, June 29, 2011
Even a casual media observer likely knows that natural gas is high up on the list of “topic du jour” lately. It is not all that surprising, considering that the price of diesel fuel—while down in recent weeks—is still about a dollar more per gallon than it was a year ago.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 12.1 percent in April 2011 compared to April 2010, coming in at $73.8 billion.
Data published this week by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicated that total U.S. trailer net orders dipped for the second straight month, falling 9 percent in May.
Keeping in line with its previous projection of growth for import and export container volumes in Europe, the monthly Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics expects volumes to be mostly flat through October, with increased expected in four of the next six months.
Posted on 06/29 at 08:44 AM
Tuesday, June 28, 2011
Not surprisingly, the primary concern among small to medium-sized businesses, is the economy
As we discussed last week, air cargo shippers are increasingly concerned about the ongoing recovery of service in the Asia Pacific trade lanes.
Taking steps to further leverage a relationship that has been intact since 2003, UPS and global pharmaceutical giant Merck said today they are expanding their distribution and logistics agreement on more of a global supply chain basis.
Two weeks after the price per gallon of diesel fuel was up for the first time in more than a month, diesel saw its second straight weekly decline, falling 6.2 cents to $3.888 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 06/28 at 10:13 AM