All News Entries
Tuesday, March 13, 2012
Commerce reported that February retail sales at $407.8 billion were up 1.1 percent from January and up 6.5 percent compared to February 2011. The NRF reported that February retail sales, which exclude autos, gas stations, and restaurants, were up 0.5 percent on a seasonally-adjusted basis from January and up 8.6 percent on an unadjusted basis annually.
Following a projected 6.8 percent annual decline in import cargo volume for February, the monthly Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for a 10 percent annual gain for March.
The price per gallon increased 2.9 cents to $4.123 per gallon, marking the highest price for diesel since the week of May 2, 2011, when it reached $4.124 per gallon.
Posted on 03/13 at 08:31 AM
Diesel Prices •
Monday, March 12, 2012
Container freight rates in the westbound Asia-Europe corridor increased by 114 percent this week
When the price per gallon of diesel was closer to $5 per gallon and oil barrel prices were nearly touching $150 during the summer of 2008, much was made about the possibility of North American shippers moving manufacturing operations closer to home, also known as nearshoring.
Friday, March 09, 2012
With a close eye on regaining North American market share, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said yesterday it has sold its interest in Shanghai Jiayu Logistics Co. Ltd. to its 35 percent joint venture partner.
Posted on 03/09 at 11:57 AM
YRC Worldwide •
YRC Freight •
February carloads—at 1,410,992—were down 1.9 percent annually. And intermodal—at 1,122,458 trailers and containers—was up 2.4 percent compared to February 2011.
Thursday, March 08, 2012
This week the USPS publicly released updates to its cost-cutting plan, which include new financial projections and suggestions for legislative reforms, too.
Posted on 03/08 at 02:38 PM
As the economy continues to gradually show signs of improvement, retail-based shippers are being proactive in shifting from cost-cutting to growth. That was one of the main findings of the Third Annual State of the Retail Supply Chain report by The Retail Industry Leaders Association (RILA) and Auburn University.
Wednesday, March 07, 2012
LM Group News Editor Jeff Berman recently spoke with CEVA CEO John Pattullo about the company’s first half performance and other industry-related items.