All News Entries
Thursday, March 12, 2015
Commerce reported that February retail sales at $437.0 billion were down 0.6 percent compared to January and up 1.7 percent compared to January 2014, and the NRF said that February retail sales, which exclude automobiles, gas stations, and restaurants, dipped 0.2 percent seasonally-adjusted month-to-month compared to January and increased 3 percent annually on an unadjusted basis.
At 123.8, the Freight TSI was down 0.2 percent compared to December and 29.9 percent higher than April 2009’s low of 94.6, which was during the depths of the recession.
Posted on 03/12 at 09:08 AM
Intermodal service conditions have been showing positive progress since late November and seem poised for growth.
Posted on 03/12 at 01:33 AM
Wednesday, March 11, 2015
LadeAS, led by legendary speed sailor, Terje Lade, has introduced “Vindskip,” (or “wind ship”) designed to take advantage of the wind for propulsion, along with advance computer technology enabling weather forecasting and route optimization.
Posted on 03/11 at 03:21 PM
Ocean Cargo •
As global supply chains become more complex and detailed over time, there still remains a fairly significant disconnect, when it comes to shippers, specifically retailers and manufacturers, counting on outdated tools and ineffective processes in managing their supply chains. That was a chief takeaway from a study recently issued by supply chain and logistics software and technology provider JDA Software Group Inc., entitled “JDA Vision 2015 Supply Chain Market Study.”
Posted on 03/11 at 11:53 AM
Even with the myriad challenges that stemmed from the West Coast port labor disruption, the most recent edition of the Cass Freight Index Report from Cass Information Systems found that both freight shipments and expenditures both showed annual and sequential growth in February.
Tuesday, March 10, 2015
Truckload spot volume and rates for the month of February were down on an annual basis in February, according to the DAT North American Freight Index.
DAT said that spot market freight availability in February was down for the second month in a row, which it described as a “seasonal pattern that mimics the first quarter of 2014 but at a higher volume.”
Posted on 03/10 at 11:12 AM
Spot Market •
The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon of diesel gasoline increased for the fifth straight week, rising 0.8 cents to $2.944 per gallon.
Posted on 03/10 at 10:00 AM
Diesel Prices •
While the months-long West Coast port labor dispute between the Pacific Maritime Association and the International Longshore and Warehouse Union reached a cease fire, with the parties coming to terms on a tentative new five-year labor contract late last month, the subsequent cargo backlog at United States West Coast ports is expected to see cargo volumes head up, according to the most recent edition of the Port Tracker report from the National Retail Federation and Hackett Associates.
Monday, March 09, 2015
The purchase price is $125 million and is subject to an adjustment for working capital, according to Forward officials.
Posted on 03/09 at 01:24 PM
Forward Air •