All News Entries
Wednesday, February 13, 2013
Two third-party logistics (3PL) service providers—Greatwide Logistics Services LLC and Cardinal Logistics Management Inc.—said today they have completed a merger of their two companies, which they said will create a market leading logistics organization that offers a broad service platform with annual revenues of more than $1 billion.
Posted on 02/13 at 11:05 AM
Tuesday, February 12, 2013
According to a new survey from Deloitte, global executives are increasingly concerned about the growing risks to their supply chains and costly negative impacts such as margin erosion and inability to keep up with demand.
Company officials said this expansion was made to address market trends related to increased manufacturing and consumer demand in many regions, with these lanes originating in Asia, Europe, the Middle East, Africa, and South Africa. With this expansion, UPS has more than 1,700 direct LCL lanes serving 116 countries.
Posted on 02/12 at 12:04 PM
Ocean Freight •
Staying true to a major theme of expanding its service offerings—growth through acquisition—non-asset based third party logistics (3PL) services provider XPO Logistics announced today it has acquired the operating assets of Statesville, North Carolina-based East Coast Air Charter Inc. (ECAC), a non-asset, 3PL focused on expedited air charter brokerage.
In its preliminary fourth quarter “Report on Productivity and Labor Costs,” IHS Global Insight U.S. economists suggest that both hiring and productivity will move upward…but at a snail’s pace.
Following a 9.5 cent gain a week ago, the price per gallon for diesel gasoline increased 8.2 cents to $4.104 per gallon this week, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 02/12 at 11:48 AM
Diesel Prices •
Monday, February 11, 2013
The United States Postal Service announced late last week that it finished the first quarter of fiscal year 2013 with a net loss of $1.3 billion, coming off of a fiscal year 2012 loss of $15.9 billion.
Posted on 02/11 at 11:47 AM
Fourth quarter 2012 merger and acquisition (M&A) activity in the transportation and logistics sectors was at its highest level in three years, according to Pricewaterhouse Coopers’ (PwC) report “Intersections: Fourth Quarter 2012 global transportation and logistics industry mergers and acquisitions analysis.”
Citing a tentative labor contract deal recently reached at East Coast and Gulf Coast ports and uncertainty regarding West Coast ports labor negotiations, the most recent edition of the Port Tracker report from the National Retail Federation (NRF) and Hackett Associates is calling for February import cargo volume at major United States-based retail container ports to increase 8.5 percent annually.
The Long Beach Press Telegram reported late last week that clerical workers at both ports rejected a contract proposal that ended the strike in early December.