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Tuesday, May 07, 2013

Even though the economy is clearly not running on all cylinders, things are better than they were just a few years ago, especially in related supply chain, freight transportation and logistics sectors. And as things slowly get better, pricing has returned to the forefront as a balancing act between shipper and carrier relations. That was a main takeaway at the CEO Panel of the recently-concluded NASSTRAC Annual Conference in Orlando, Fla.

DAT said that first quarter sport market freight volumes were up 7.7 percent annually and 11 percent ahead of the fourth quarter of 2012.

The average price per gallon—at $3.845—fell 0.6 cents, which was three cents less than last week’s 3.6 cent decline, which was preceded by declines of 5.5 cents and 1.6 cents the previous two weeks.

Monday, May 06, 2013

Supply Chain 24/7 combines all of the content currently featured on these brands (both print and online) with content from around the web. So when you search for information on a given topic, your have all of the relevant information right there on your computer screen.

A little more than a month after ABF Freight System, the seventh-largest less-than-truckload (LTL) carrier by revenue, and the International Brotherhood of Teamsters said they secured a 30-day extension for the National Master Freight Agreement, ABF said on Friday that the ABF and Teamsters negotiating teams have reached a tentative agreement on a contract for the next five years.

Friday, May 03, 2013

The ISM’s monthly Non-Manufacturing Report on Business stated that the index used by the ISM to measure non-manufacturing growth—known as the NMI—was 53.1 in April, falling 1.3 percent from March. Despite the decline, though, non-manufacturing activity increased for the 40th consecutive month.

Following February’s announcement that it had achieved a positive annual operating income in 2012 for the first time in six years, the Overland Park, Kan.-based carrier said today it had a positive first quarter operating income—also for the first time in six years.

On the heels of a positive performance in March, the April edition of the Cass Freight Index from Cass Information Systems Inc. showed that the solid trends evidenced in March did not carry over into April.

April carloads—at 1,108,722—were down 4,640 carloads or 0.4 percent annually. Intermodal—at 962,019 trailers and containers—was up 15,053 units or 1.6 percent compared to April 2012.

Thursday, May 02, 2013

CEVA said that it will reduce its consolidated net debt by more than $1.7 billion ($1.3 billion euros) and its annual cash interest expense by more than $170 million ($130 million euros) and also receive a capital infusion of a minimum of $301 million ($230 million euros) for investment in its business plan.