Monday, July 16, 2012
TransCore’s DAT North American Freight Index, which reflects spot market freight availability on its network of load boards in the United States and Canada, posted a 6.3 percent gain in June on an annual basis while setting a same-month record for highest freight volume in the month of June.
Data from both Commerce and NRF showed that retail sales decreased on a sequential basis in June for the third consecutive month. This marks the first time retail sales have fallen for three straight months since late 2008.
Late last week UPS said that the European Commission’s review of the proposed acquisition is now expected to move to a “Phase II review,” because there are facets of the deal that require more time to analyze.
One of the biggest line items in logistics spend is the cost of moving goods over the ocean. This is true for several reasons, not the least of which is the complexity of the movement itself and, in turn, the complexity of billing processes. Ocean freight rates encompass a growing inventory of surcharges, turning bill of lading calculations into mathematical challenges. Given that ocean freight invoices represent the largest single component of any logistics spend, they also account for the greatest margin of error in the financial supply chain.
Friday, July 13, 2012
Covering roughly 13 acres, company officials said the hub can process up to 20,000 documents and 20,000 parcels per hour.
Carload volume—at 243,156—was down 1 percent annually, and intermodal—203,362 trailers and containers—were up 5.6 percent.
Thursday, July 12, 2012
June truckload rates were up 3.9 percent compared to June 2011, and intermodal was up 0.6 percent.
While transportation and logistics bellwethers UPS and FedEx are well-established in all corners of the world, one area where their presences could be even greater felt is China.
Company officials said the eight-door, five-acre facility will serve as a gateway to the Great Lakes shipping area in northern Minnesota and northwestern Minnesota.
Posted on 07/12 at 10:03 AM
Wednesday, July 11, 2012
The Department of Defense currently spends $400 billion each year acquiring products and services from defense contractors