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The World Economic Forum’s “Global Risks Report 2016” finds that supply chain vulnerability is on the rise this year. Furthermore, there’s...
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By Jeff Berman · August 1, 2014
The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.
By John D. Schulz · August 1, 2014
YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.
By LM Staff · August 1, 2014
Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809
By Jeff Berman · July 31, 2014
Lyon, France-based Norbert Dentressangle, a $5.5 billion global third-party logistics (3PL) services provider focused on global logistics, transport, ocean, and air services, said today it has acquired Des Moines, Iowa-based Jacobson Companies, a value-added warehousing (VAW) company, for $750 million from private equity firm Oak Hill Capital Partners.
By Jeff Berman · July 31, 2014
Even though not all publicly-traded less-than-truckload carriers (LTL) have posted second quarter earnings yet, the early consensus for those that have issued results is looking very good.
By MMH Staff · July 31, 2014
Open Sky Group, an independent consulting company specializing in warehouse management system (WMS) implementations, is has announced that it has been chosen by JDA Software as a U.S. Reseller for the JDA Warehouse Management System and other add-on applications.
By John Schulz · July 30, 2014
Following the lead of its Congressional Colleagues in the House of Representatives, the United States Senate yesterday approved a measure geared to keep federal surface transportation funding intact through December 20 with a nearly $11 billion stopgap fix.
By Jeff Berman · July 30, 2014
XPO Logistics announced second quarter earnings and the acquisition of two companies, New Breed Logistics, a non asset-based 3PL focusing in contract logistics services, for roughly $615 million, and Atlantic Central Logistics, a 3PL provider of last-mile logistics services, for roughly $36.5 million.
By Jeff Berman · July 30, 2014
The report, entitled “Outlook for the Domestic Transport and Logistics Market in 2H14 and Beyond,” takes the view that strong freight levels in the second quarter have left trucking companies in a good position: one in which they need to come up with new plans to handle rising demand. But even with that positive momentum afloat, the report observes that there are some familiar challenges intact, such as a lack of qualified drivers and the regulatory drag from the new hours-of-service rules that took effect in July 2013.
By MMH Staff · July 30, 2014
The CMMS allows on-site maintenance teams to more effectively manage maintenance activities while increasing uptime and operating performance of automated materials handling systems and other infrastructure systems at the user’s site.
By Jeff Berman · July 29, 2014
For May, which is the most recent month for which data is available, the SCI is -7.5, following April’s -7.5. FTR said this reading represents a still-tight capacity environment, as utilization rates hover between 98 percent and 99 percent.
By LM Staff · July 29, 2014
With a 1.1 cent drop to $3.858 per gallon, this follows declines of 2.5 cents, 1.9 cents, and 0.7 cents over the previous three weeks, with the cumulative four-week decline at 6.2 cents.
By MMH Staff · July 29, 2014
Located in the city of Jundiai, in the state of São Paulo, the plant has been configured for the assembly of selected automatic data capture product lines.
By Jeff Berman · July 29, 2014
Gor the first half of 2014, NRF said that retail sales were up just 2.9 percent compared to the first six months of 2013, with sales through the end of the year expected to be up 3.9 percent annually.
By Jeff Berman · July 29, 2014
Second quarter revenue for transportation and logistics titan UPS headed up 5.6 percent annually at $14.3 billion, while operating profit sank 57.1 percent to $747 million. Quarterly net income fell 57.6 percent to $454 million.

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