All News Entries
Friday, November 14, 2014
A number of container lines operating between the U.S. and Asia say they intend to implement congestion charges of up to $1,000 per 40-foot container (FEU) for cargo moving via U.S. West Coast ports, effective November 17, 2014, in response to labor-related terminal delays.
The United States Postal Service (USPS) today announced that fiscal year 2014 operating revenue increased by $569 million, which was driven by its January 2014 rate increase and an ongoing strong performance in its Shipping and Package group. Conversely, though, the USPS said it is still faced with regulatory burdens and constraints as it incurred a FY 2014 net loss of $5.5 billion, marking the eighth straight annual net loss. USPS officials said this most recent annual loss highlights the need for legislation to repair its “broken business model.”
Posted on 11/14 at 02:29 PM
On the heels of a sluggish September and with the holiday shopping season officially having commenced, the retail sector received a bit of good news today, with both the National Retail Federation (NRF) and the United States Department of Commerce issuing positive retail sales data for the month of October.
The Atlanta-based company’s management team made presentations based on theme of “Networked for Growth,” which was comprised of various plans geared towards future revenue and profitability.
Posted on 11/14 at 11:11 AM
Carloads were up 0.2 percent at 297,694, and intermodal units, at 271,113 containers and trailers were up 2.2 percent annually.
Posted on 11/14 at 02:41 AM
Strong market trends continue to favor the trucking sector, which is a theme that has been intact for several months, according to the most recent edition of the Trucking Conditions Index (TCI) from freight transportation forecasting firm FTR.
Posted on 11/14 at 02:05 AM
Thursday, November 13, 2014
The Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that its Freight Transportation Services Index (TSI) saw a 0.3 percent increase from August to September, the most recent month for which data is available.
Posted on 11/13 at 01:49 PM
Freight TSI •
With West Coast port congestion-related issues still firmly intact, various industry stakeholders are pointing out that even though port conditions, especially at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) steps are being taken to help alleviate the current situation. But they caution that any type of immediate resolution or closure is not expected any time soon.
Posted on 11/13 at 12:25 PM
Wednesday, November 12, 2014
There is a short window for Congress to sufficiently increase investment in U.S. infrastructure investment before early 2016 presidential campaigns squash any hope of raising taxes to pay for the estimated additional $100 billion needed over the next five years. That’s the word from Bill Graves, president and CEO of the American Trucking Associations. He spoke at the 28th annual meeting of the North American Transportation Employee Relations Association (NATERA).
Posted on 11/12 at 11:55 AM
Fuel Tax •
Third quarter earnings for global third-party logistics (3PL) services provider CEVA Logistics announced earlier this week were mixed. Along with its earnings release, the company also rolled out its new global operating model, which is focused on increasing, velocity, efficiency, and responsiveness.
Posted on 11/12 at 09:25 AM
global logistics •