All News Entries
Tuesday, August 11, 2015
Over the last several months, there has been a spate of merger and acquisition (M&) activity centered around deals with an emphasis on large truckload brokerages. On the surface deals like these makes sense for more than a few reasons, given the vast carrier reach that the large brokerages have, coupled with strong technology platforms, and shipper relationships across a wide swath of industries.
Posted on 08/11 at 07:49 AM
Monday, August 10, 2015
The USPS reported today that it had a $586 million net loss for the fiscal third quarter, which represents a $1.4 billion reduction compare to a $2 billion net loss for a same quarter a year ago. For the fiscal first and second quarters, the USPS had $754 million and $1.5 billion net losses, respectively.
Posted on 08/10 at 09:53 AM
Seasonal cargo flows appear set to take hold for United States-based retail container ports even with a glut of Transpacific trade capacity, according to the most recent edition of the Global Port Tracker report by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
Friday, August 07, 2015
This week APICS Supply Chain Council (APICS SCC) released findings from its latest industry report, Supply Chain Leadership Report: Many Styles Generate Success, which examines critical success factors of a supply chain leader, including his or her attributes, leadership style and ability to formally and informally influence a multitude of stakeholders.
Posted on 08/07 at 09:25 AM
Carloads decreased 6.5 percent––or 95,295 carloads––to 1,376,411 compared to July 2014, and intermodal saw continued gains in July at 1,331,888 containers and trailers, which marked a 3.5 percent––or 45,538 units––increase.
Posted on 08/07 at 09:15 AM
Thursday, August 06, 2015
XPO Logistics, a non asset-based 3PL, reported strong second quarter earnings last night, with total gross revenue rising 109.3 percent annually to $1.2 billion and net revenue up 317.2 percent to $508.6 million. Even with the gross revenue and net revenue gains, XPO had a $78.8 million net loss compared to a net loss of $13.8 million for the second quarter of 2014.
Posted on 08/06 at 09:44 AM
XPO Logistics •
Wednesday, August 05, 2015
Second quarter total volume—at 4,362,049 containers and trailers— was up 4.5 percent annually, IANA reported. Domestic containers—at 1,690,190—were up 3.5 percent, and international containers—at 2,270,328—were up 6.8 percent. All domestic equipment at 2,091,721—was up 2.2 percent, and trailers dropped 3.1 percent to 401,531.
Posted on 08/05 at 11:38 AM
The index ISM uses to measure non-manufacturing growth—known as the NMI—hit 60.3 in July (a level of 50 or higher indicates growth), representing a 4.3 percent increase over June while economic activity in the non-manufacturing sector showed growth for the 66th month in a row and the overall economy grew for the 72nd straight month. The July NMI is 2.9 percent higher than its 12-month average of 60.3.
Posted on 08/05 at 10:56 AM
Tuesday, August 04, 2015
Mexico's growing importance in the continental supply chain is now being recognized by North American transportation groups
Posted on 08/04 at 01:46 PM
Falling 5.5 cents to $2.668 per gallon, this follows last week’s 5.9 cent decline for the lowest weekly average price going back to the week of October 14, 2009, when it was at $2.60 per gallon.
Posted on 08/04 at 11:07 AM