Tuesday, November 30, 2010
With total spending on the nation’s busiest shopping day of the year up more than 9 percent annually at $45.0 billion, there may be cause for optimism, according to the National Retail Federation (NRF).
Diesel prices dipped 0.9 cents to $3.162 per gallon for the week of November 29, according to data from the Department of Energy’s Energy Information Administration (EIA).
FedEx subsidiary FedEx Express recently announced it has launched a new flight to and from Hanoi, Vietnam, which will run weekly from Tuesday through Friday.
Monday, November 29, 2010
Data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicates that the average retail sales price of Class 8 used vehicles sold in October was up 4 percent from September.
Logistics Management Group News Editor Jeff Berman had an opportunity to catch up with Patrick Quinn, Co-chairman and President of truckload and full-service freight transportation provider U.S. Xpress Enterprises Inc., at the recent TransComp expo in Ft. Lauderdale, Florida.
Since issuing its study last summer, Global consultancy IDC Manufacturing Insights contends that U.S. manufacturers are continuing their flight from low-wage outsourcing.
A slight surge in air cargo demand has some industry analysts predicting a prolonged rebound.
Tuesday, November 23, 2010
As the economy continues its slow-paced recovery, the American Trucking Associations (ATA) added a dose of optimism to the overall outlook, reporting that truck tonnage in October was up for the second straight month.
While the price per gallon of diesel fuel remains above the $3 mark there has been a fair amount of fluctuation in recent weeks, according to data from the Department of Energy’s Energy Information Administration (EIA).
As expected, Massachusetts Representative Edward D. Markey (D) recently introduced legislation requiring 100 percent screening of all cargo on cargo planes. This legislation follows the October attempts by terrorists to send explosives originating from Yemen to the United States on cargo and passenger planes.