All News Entries

Thursday, June 13, 2013

The Department of Commerce reported that May retail sales at $421.1 billion were up 0.6 percent over April and up 4.7 percent compared to May 2012, and the NRF said May retail sales rose 0.6 percent on a seasonally-adjusted basis from April and were up 4.3 percent on an unadjusted basis annually.

The amount of data in our world has been exploding, and analyzing large data sets—so-called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to research by The McKinsey Global Institute (MGI) and McKinsey’s Business Technology Office.

This $97 million facility is part of the railroad’s Crescent Corridor project, which aims to establish an efficient, high-capacity intermodal freight rail route between the Gulf Coast and the North East.

Wednesday, June 12, 2013

The BTS said that the April Freight TSI at 112.4 is 18.5 percent higher than April 2009’s low point of 94.8 during the recession.

In early July, the United States Customs and Border Protection (CBP) will commence implementation of the liquidated damages phase of the Import Security Filing, which is commonly known as 10+2.

Con-way Freight, the LTL subsidiary of transportation and logistics services provider Con-way Inc., will implement a 5.9 percent GRI for non-contractual business that will take effect on June 24.

Tuesday, June 11, 2013

The United States Senate Committee on Commerce, Science, and Transportation yesterday approved the nomination of Charlotte, North Carolina Mayor Anthony Foxx as Secretary of Transportation.

The average price per gallon for diesel gasoline dropped for the third straight week, falling two cents to $3.849 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

Following the lead of some of its biggest competitors, FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx Freight, said this week it is raising rates for non-contractual freight in the form of GRI (general rates increases) by 4.5 percent effective, July 1.

Monday, June 10, 2013

Import volume at the nation’s major retail container ports is expected to increase 1.1 percent in June over the same month last year, reflecting modest growth expectations as retailers head toward the back-to-school and holiday seasons, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates