All News Entries
Friday, February 18, 2011
With the release of President Obama's fiscal 2012 budget, the American Association of Port Authorities is expressing both optimism and disappointment over various aspects of the budget pertaining to seaport
The Surface Transportation Board (STB) this week unveiled a proposal to reduce filing fees for complaint cases for shippers to $350. This would be a significant reduction, as under the current process shippers can pay up to $20,600 to file a complaint.
Both ports show double-digit annual gains for imports and exports.
Thursday, February 17, 2011
According to a recent report in The Financial Times, China is in negotiations over the construction of a 137-mile rail link across Colombia that represents a competitive route. When completed, Chinese exporters could ship finished goods into Latin America while sourcing raw materials for outbound vessel deployment.
Wednesday, February 16, 2011
As news reports continue to track the transit of two Iranian warships through the Suez Canal, global shippers may also be ready to rethink their supply chain strategies
Tuesday, February 15, 2011
California’s exporters nearly clawed their way back to pre-recession levels of trade with a strong performance in 2010, according to an analysis by Beacon Economics
Citing severe winter storms and higher-than-expected fuel prices FedEx said this week that it’s projected fiscal third quarter earnings have been impacted by roughly $0.25 per share.
Retail sales began 2011 on a relatively promising note, according to data released by the United States Department of Commerce and the National Retail Federation (NRF). January retail sales, which include non-general merchandise like automobiles, gasoline, and restaurants, were $381.6 billion for a 0.3 percent increase from December and a 7.8 percent increase over January 2010, according to Commerce.
In a sign that the global economic recovery may have some sustained momentum, the most recent edition of the Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for import cargo volume at major United States-based container ports to be up 11 percent year-over-year in February. The report is also calling for first half 2011 volumes to be up 6 percent annually.
Another week brought another increase in the price per gallon of diesel, with prices rising 2.1 cents this week to $3.534 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). On an annual basis, diesel prices are up 77.8 cents.