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Tuesday, November 05, 2013
Typically viewed as a month in which freight really gets rolling ahead of the holiday shopping rush, October did not show its usual anecdotal evidence of better things ahead, according to the most recent edition of the Cass Freight Index report.
Non-manufacturing activity continued to show solid growth in October, according to the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business. The ISM’s index to measure growth—the NMI—inched up 1.0 percent to 55.4 in October.
Posted on 11/05 at 01:32 PM
The company reported third quarter revenue of $194.0 million, which is a 173.3 percent annual increase, with gross margin dollars up 251.0 percent to $34.8 million, and gross margin percentage up 400 basis points to 18.0 percent.
Posted on 11/05 at 11:39 AM
XPO Logistics •
The average price per gallon dropped 1.3 cents to $3.857 per gallon, following a 1.6 cent drop last week, no change the previous week and a 2.2 cent decline the week of October 7.
Posted on 11/05 at 10:13 AM
Diesel Prices •
CEVA described the Asia Pacific Center for Logistics Excellence as a facility focused on demonstrating real world logistics innovation through supply chain optimization and enhanced visibility, integrated services and technology solutions to power supply chain efficiency.
Posted on 11/05 at 10:01 AM
Monday, November 04, 2013
In another sign of the emerging—and potential—role of natural gas in freight transportation, , Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, said late last month that it aims to build a Jacksonville, Fla.-based liquefied natural gas (LNG) terminal.
According to Jones Lang LaSalle’s (JLL) first Big Box Velocity Index, demand for U.S. industrial distribution centers, larger than 300,000 square feet (known as “big box” space) is high and rising. Improving economic conditions, the continuing growth of e-commerce and a deep bench of tenants seeking space have all created this highly competitive fight for industrial and warehousing space.
Posted on 11/04 at 09:04 AM
Friday, November 01, 2013
While port management is mindful of wildcat actions slowing commerce at its gateways, a new strategy may mitigate that risk.
The PMI, the index used by the ISM to measure manufacturing activity, increased 0.2 percent to 56.4 in October and stands as the new high for the PMI in 2013.
Posted on 11/01 at 12:43 PM
Total intermodal container and trailer movements in the third quarter were up a cumulative 4.7 percent at 4,010,582. As has been the case for several quarters running, domestic containers showed the highest growth rate, increasing 9.4 percent annually to 1,557,084. This was ahead of the second quarter’s 9.0 percent annual increase and shy of the first quarter’s 10.2 percent gain.
Posted on 11/01 at 10:03 AM