Monday, July 09, 2012
An ongoing trend of the economy flattening out was apparent in the most recent edition of the Cass Freight Index Report from Cass Information Systems.
This signing comes after a 30-month stretch in which funding for the nation’s transportation projects was kept intact by a series of 9 consecutive extensions, following the September 2009 expiration of the previous bill, SAFETEA-LU.
A Bloomberg report states that the four U.S.-based Class I railroads have asked the U.S. Court of Appeals to reverse the ruling, explaining that it could lead to a cumulative $10 billion or more in potential damages.
Posted on 07/09 at 09:13 AM
Rail Freight •
IRLY, a leading supplier of building materials achieved a 99.6% order-fulfillment rate, with a little lift from Intermec.
While much of the money will be used to enhance the port’s rail network, there will also be substantial investment made to make Oakland more secure
The survey which examines the state of the industry, and how manufacturers are adapting and improving their supply chains, also explores and how technology plays a role in enabling manufacturers to be more successful.
Thursday, July 05, 2012
Non-manufacturing activity in June was down slightly from May but still at a healthy level overall, according to the June edition of the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business.
FedEx said its FedEx Express subsidiary has completed the acquisition of Rapidão Cometa Logistica e Transportes S.A., a Brazil-based transportation and logistics services provider. The acquisition was initially announced in late May.
Posted on 07/05 at 10:19 AM
Global Logistics •
Tuesday, July 03, 2012
Multiregional less-than-truckload (LTL) carrier Saia said this week it has acquired truckload and brokerage services provider Robart Transportation Inc. and its subsidiary The RL Services Group LLC.
The price per gallon this week dropped 3 cents to $3.648, following declines of 5.1 cents and 5.2 cents, respectively, over the last two weeks.
Posted on 07/03 at 08:17 AM
Diesel Prices •