All News Entries
Tuesday, August 18, 2015
At an average of $2.615 per gallon, the price is down 0.2 cents compared to last week, with prices dropping a cumulative 29.9 cents going back to the week of May 25, when the average price was at $2.914 per gallon.
Posted on 08/18 at 02:29 PM
Seasonally-adjusted (SA) for-hire truck tonnage in July was up 2.8 percent compared to June at 135.0 (2000=100) and marked its second-highest monthly reading ever, next to January’s 135.8.
Posted on 08/18 at 02:14 PM
Volumes were decidedly mixed at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) in July.
Posted on 08/18 at 10:36 AM
Following an announcement made it made earlier this month, the European Commission said late last week that it has pushed back its previous deadline of December 8 to January 13 in regards to FedEx’ planned acquisition of Netherlands-based TNT-NV.
Posted on 08/18 at 09:36 AM
TNT NV •
Monday, August 17, 2015
The most recent in which could be described as a series of large-scale global 3PL (third-party logistics) acquisitions was announced today, with Geodis, a $6.1 billion France-based 3PL saying it has entered into an agreement to acquire Brentwood, Tennessee-based $1.3 billion OHL (formerly known as Ozburn Hessey Logistics).
Posted on 08/17 at 11:42 AM
global logistics •
Unless you’re a major oil company or in the oil exploration business, the precipitous fall in the price of crude oil is providing a major and unexpected financial dividend. Truck shippers, in particular, are reaping a windfall as their fuel surcharges are dropping like leaves in the autumn breeze.
Posted on 08/17 at 09:31 AM
Diesel Prices •
Friday, August 14, 2015
July lived up to its reputation as a slow month for freight activity, based on the results of the most recent edition of the Cass Freight Index Report from Cass Information Systems.
Thursday, August 13, 2015
Carloads were down 4.4 percent annually at 288,460 and were below the week ending August 1 at 289,657 and ahead of the week ending July 25 at 286,660.
Posted on 08/13 at 02:30 AM
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) dropped 0.3 percent from May to June, following a 0.8 percent increase from April to May and a 1.8 percent decline from March to April.
Posted on 08/13 at 02:06 AM
Freight TSI •
Tuesday, August 11, 2015
Infor, a supply chain and logistics technology services and ERP software provider, said it plans to acquire GT Nexus, a global provider of cloud-based global commerce technology, for $675 million. Infor said the deal is expected to become official within 45 days, pending regulatory approval.
Posted on 08/11 at 11:27 AM