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Thursday, December 02, 2010
The November edition of the Cass Information Systems Index pointed to an uptick in freight growth following a decline in October. The index, which measures the number of shipments and expenditures that are processed through Cass’s account payable systems, has been up in seven of the last nine months.
Wednesday, December 01, 2010
The manufacturing sector remained on solid footing in November, according to the Institute for Supply Management (ISM).
Freight transportation and logistics services provider Vitran Corporation Inc. said it has sold selected assets of Frontier Transport Corporation, its owner-operator truckload operation, to Indianapolis-based Online Transport.
While operating a global supply chain network has myriad advantages for shippers, it has its challenges as well. Some of these challenges include things like a lack of visibility into various information sources and varying sources of complexity that can influence daily operations and performance. This was a major takeaway from a recent study published by the IBM Institute for Business Value, entitled “New rules for a new decade, a vision for smarter supply chain management.”
The Port of Seattle Commission authorized the port’s annual budget and plan of finance yesterday, approving nearly $500 million in capital projects and maintaining the agency’s tax levy at $73.5 million.
As world leaders gathered in Cancun, Mexico this week to discuss ways to come up with a uniform approach to temper climate change, various signs pointed to the United Nations-hosted meeting being rife with challenges. That turned out to be the case, with various media reports indicating that an accord was not reached.
Tuesday, November 30, 2010
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 19.3 percent in September 2010 compared to September 2009, increasing to $68.3 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
While “the new austerity” is shaping public policy in Washington DC these days, there is concern among ocean shippers that there may be a negative impact on some supply chains.
With total spending on the nation’s busiest shopping day of the year up more than 9 percent annually at $45.0 billion, there may be cause for optimism, according to the National Retail Federation (NRF).
Diesel prices dipped 0.9 cents to $3.162 per gallon for the week of November 29, according to data from the Department of Energy’s Energy Information Administration (EIA).