All News Entries
Friday, September 02, 2011
Non asset-based third-party logistics services provider Road Runner Transportation Services (RRTS) said it has officially closed its acquisition of the outstanding stock of Prime Logistics Corporation for roughly $97.5 million.
Carload volume—299,943—was down 0.8 percent annually and was down compared to 300,521 during the week of August 20.
Thursday, September 01, 2011
While manufacturing may be experiencing a bit of a slowdown, the overall numbers in the August edition of the Institute for Supply Management’s Manufacturing (ISM) Report on Business still point to growth.
According to the report, the U.S. logistics market had 32.7 million square feet absorbed, which Grubb & Ellis pointed out is a level that has not been reached since 2007. Of that 32.7 million square feet, it was more heavily weighted towards the second quarter, which had a quarterly net absorption of 18.1 million square feet.
Wednesday, August 31, 2011
Some of the world’s biggest importers and exporters announced that is has engaged Maersk Line in response to the ocean carrier’s recently announced “Manifesto”
A new agreement between global supply chain groups may boost world class procurement and supply management training in Asia-Pacific region and beyond
With federal transportation funding slated to expire on September 30, President Barack Obama today pointed out the perils of that scenario if that comes to fruition.
As was the case last month, stalled economic growth and bearish economic indicators are pointing to slower growth, according to the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
LM Group News Editor Jeff Berman recently spoke with CEVA CEO John Pattullo about the company’s first half performance and other industry-related items.
FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx, said this week it opened three new markets in Mexico on August 1, rolling out service centers in Toluca, Puebla, and Veracruz.