All News Entries
Thursday, March 29, 2012
Earlier today, the United States House of Representatives and Senate signed off on respective bills that aim to keep federal funding for surface transportation intact at current levels, through the end of June, according to various reports. The measures will be sent to President Obama to be signed onto law
This funding also goes toward road, bridge and mass transit projects and passed by a 266-158 margin in House and the Senate passed it by a voice vote.
Data from Transport Capital Partners’ (TCP) quarterly Business Expectation Survey found that while the economy is rebounding, that is not necessarily a panacea for trucking carriers to increase capacity.
FedEx subsidiary FedEx Trade Networks, the company’s global trade subsidiary, said this week it has opened three new U.S.-based offices in Phoenix, St. Louis, and Milwaukee as part of an ongoing expansion effort.
Posted on 03/29 at 08:28 AM
Freight Forwarding •
Tuesday, March 27, 2012
Corporations in the U.S. and Europe will move an additional 750,000 jobs in IT, finance, and other business services to India and other low-cost geographies by 2016, according to new research from The Hackett Group, Inc.
Posted on 03/27 at 05:23 PM
Global Trade •
Truck tonnage volumes showed growth in February based on data released today by the American Trucking Associations (ATA).
Company officials said this effort will support 42 port, rail, and container yard facilities in California, as well as the Port of Oakland.
Posted on 03/27 at 11:23 AM
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 11.5 percent in January 2012 compared to January 2011 at $75.5 billion.
The price per gallon for diesel gasoline eclipsed the $4 per gallon mark for the fifth straight week, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 03/27 at 10:05 AM
Diesel Prices •
Monday, March 26, 2012
Global Logistics Development Partners announced that it is establishing an office presence in the UK that will focus on business in the UK, Ireland, Continental Europe and the Middle East.
Oversupply of container vessels operating on the Asia – Europe trade lane has pushed Maersk Line’s container freight rates to unsustainably low levels.