All News Entries

Wednesday, May 29, 2013

Ocean cargo carriers comprising the Transpacific Stabilization Agreement (TSA) announced their intention to raise rates this summer.

The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said this week that trade using all forms of freight transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico fell 4.0 percent annually in March to $95.6 billion.

Following a two-week stretch which saw prices rise a cumulative 4.5 cents, diesel prices dropped one cent to $3.88 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

Non asset-based third-party logistics (3PL) services provider Transplace said yesterday it has selected New York-based private investment firm Greenbriar Equity Group LLC as its new equity partner.

Tuesday, May 28, 2013

The Port of Oakland Board of Commissioners announced the appointment of maritime shipping industry veteran Chris Lytle as the new Executive Director. While this fills a leadership void at one key West Coast ocean cargo gateway, it leaves another at the Port of Long Beach.

June will feature the AgTC annual conference in San Francisco.

Friday, May 24, 2013

Carload volume—at 285,679—was up 1.9 percent annually, and intermodal—at 250,159 trailers and containers—was up 3.5 percent

Thursday, May 23, 2013

At yesterday’s Senate Commerce Committee hearing on the recently announced nomination of Charlotte, North Carolina Mayor Anthony Foxx to be Secretary of Transportation, the nominee laid out some key components of his agenda if he is confirmed.

Supply chain consultancy Armstrong & Associates said this week that total United States 2012 third-party logistics (3PL) gross revenue—at $141.8 billion—were up 6 percent over 2011.

Wednesday, May 22, 2013

Company officials said that CEVA’s quarterly results were impacted by various factors, including: overall soft global logistics markets; loss of airfreight volume with some business switching to ocean transport; exposure to Eurozone markets; and underperforming Contract Logistics contracts.