All News Entries
Thursday, March 21, 2013
UPS has officially acquired the 49 percent interest of Vietnam-based VN Express in the joint delivery venture between the companies, whom initially first partnered in 1994, with VN Express serving at UPS’s authorized agent in Vietnam, prior to establishing a joint stock company in 2010.
Posted on 03/21 at 10:13 AM
Global Logistics •
Established in 2010, Open Mile is a non-asset based transportation service provider, focusing on truckload brokerage, that provides high-tech automation with freight management expertise, according to Echo officials.
The Surface Transportation Board this week said that it declined a petition filed by the Association of American Railroads (AAR), whom was requesting that the STB institute a rulemaking proceeding to consider reintroducing indirect competition as a fact
or in determining the reasonableness of rail rates for coal transportation.
Posted on 03/21 at 06:43 AM
Wednesday, March 20, 2013
Con-way released an update on first quarter trends at Con-way Freight, its less-than-truckload unit, which it said could collectively reduce Freight’s quarterly operating income by roughly $14 million.
Posted on 03/20 at 11:57 AM
Con-way Freight •
Earlier this month, a collection of industry associations announced a plan to develop a roadmap for the future of materials handling and logistics in the United States.
Posted on 03/20 at 10:36 AM
Materials Handling •
Despite solid performances from its Ground and Freight units, fiscal third quarter earnings for transportation and parcel bellwether FedEx were down overall on an annual basis, with quarterly net income—at $361 million—down 31 percent.
Posted on 03/20 at 10:21 AM
Tuesday, March 19, 2013
The American Trucking Associations (ATA) reported today that trucking volumes showed modest gains in February.
In an effort to pre-inspect truck-hauled cargo between the United States and Canada, the countries last week issued a Memorandum of Understanding (MoU) between Canada’s Ministry of Public Safety and U.S. Customs and Border Protection to launch a truck cargo pre-inspection pilot program in Canada.
Following declines of 4.2 cents and 2.9 cents, respectively, over the last two weeks, the EIA reported that diesel prices this week dipped 4.1 cents to $4.047 per gallon. Over the last three weeks, priced have dropped a cumulative 11.2 cents.
Posted on 03/19 at 08:41 AM
Diesel Prices •
Monday, March 18, 2013
Zepol data indicates United States-bound containerized vessel imports were mixed for the month of February, with imports down sequentially and up annually.
Posted on 03/18 at 01:42 PM