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Tuesday, December 07, 2010
In a move that at first glance may seem “counter intuitive,” officials from the Port of Long Beach and the Panama Canal Authority have agreed to a series of efforts to promote more trade between Latin America and the U.S.
Posted on 12/07 at 06:40 PM
The most recent Ceridian-UCLA Pulse of Commerce Index (PCI) was up 0.4 percent in November, marking its first sign of positive growth in four months. The PCI was down 0.6 percent in October and 0.5 percent and 1.0 percent in September and August, respectively.
November rail volumes were up compared to the same period in 2009, according to data released by the Association of American Railroads (AAR). The AAR reported that monthly rail carloads for November—at 1,137,626—were up 4.5 percent year-over-year.
Diesel prices were up for the first time in three week, rising 3.5 cents to $3.197 per gallon for the week of December 6, according to data from the Department of Energy’s Energy Information Administration (EIA).
Monday, December 06, 2010
FedEx recently announced it will up its rates for its FedEx Ground and FedEx Home Delivery units by an average of 4.9 percent, which will take effect on January 3, 2011.
Posted on 12/06 at 02:06 PM
Jerry Hempstead •
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, and freight transportation forecasting firm and consultancy FTR Associates indicated that preliminary data for Class 8 trucks is showing signs of very positive growth.
The White House announced late last week that the United States and Korea have reached a resolution regarding issues relating to the U.S.-Korea trade agreement. White House officials said that the agreement is an integral part of President Obama’s efforts to increase opportunities for U.S. businesses, farmers, and workers through improved access for their products and services in foreign markets and also supports the Administration’s goal of doubling U.S. exports by 2015.
The future of two of the few remaining ocean carrier cartels may be determined when the Federal Maritime Commission meets this week.
Friday, December 03, 2010
The Institute of Supply Management’s (ISM) Non-Manufacturing Report on Business for November remained on the growth path it has been on for nearly a year. The ISM’s index for measuring the sector’s overall health—known at the NMI—was 55.0 in November, a 0.7 percent increase from October.
Netherlands-based TNT NV, a provider of mail and couriers services and the fourth largest global parcel operator, said it plans to “demerge” operations by separating its Express and Mail operations into two independent companies. Company officials said that the main reasons for an internal separation are the increasingly divergent strategic profiles of the two units and the limited existing synergies between them.