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By Patrick Burnson · October 17, 2013
Asia-Pacific Economic Cooperation forum leaders met in Bali, Indonesia this month to build upon the progress made so far by the World Trade Organization to reduce tariffs in the region’s least developed countries. The promising theme was “Resiliant Asia-Pacific, Engine for Global Growth.”
By Jeff Berman · October 16, 2013
Class I railroad carrier CSX yesterday reported third quarter net earnings of $463 million and $0.46 per share, which was up 1.7 percent annually and beat Wall Street estimates of $0.43 per share.
By Jeff Berman · October 16, 2013
September truckload rates were up 1.7 percent compared to September 2012 and up 2.7 percent compared to August, and intermodal rates were down 0.5 percent annually in September and fell 1.2 percent from August.
By Jeff Berman · October 16, 2013
UPS recently announced it has expanded its UPS Preferred Less-Than-Container Load (LCL) expedited ocean freight service between Asia and three Mexico-based locales in Monterrey, Mexico City, and Guadalajara.
By Jeff Berman · October 15, 2013
DAT, a subsidiary of Portland, Oregon-based TransCore, recently reported that spot market truckload volume dropped 5.3 percent from August to September, based on its DAT North American Freight Index. Company officials said that this decline is seasonal.
By John D. Schulz · October 15, 2013
In the first few days of the fourth quarter, there were several trucking M&A-related developments.
By Patrick Burnson · October 14, 2013
As the Caribbean Basin gains more attention as a logistical hub, Florida’s ports will become key business partners.
By LM Staff · October 14, 2013
Beacon Economics’ California Trade Report will not be released this month due to the Federal government shutdown.
By LM Staff · October 14, 2013
They are concerned about potential tax increases, government regulations, compliance with the Affordable Care Act and the current strength of the U.S. and global economies.
By LM Staff · October 14, 2013
A significant majority of middle market executives agree that middle market job growth will have a significant impact on strengthening the U.S. economy (96%). Despite this, 83% believe Congress is doing too little to support the middle market; while 95% disapprove of the job performance of Congress and 70% disapprove of the job performance of President Obama.
By Jeff Berman · October 11, 2013
Against the backdrop of sluggish GDP growth and improving manufacturing numbers, up and down employment, and many other numbers furnished by the federal government which are largely unavailable now, due to the federal government shutdown, the economic waters remain as murky as ever.
By Jeff Berman · October 11, 2013
As part of its expansion efforts in Australia, Menlo Worldwide Logistics LLC, a third-party logistics (3PL) subsidiary of freight transportation services provider Con-way Inc., recently said it has added a new multi-client warehouse and office facility near Brisbane.
By Jeff Berman · October 11, 2013
UPS this week rolled out a new service that offers shippers a guaranteed economical option for ground package delivery south of the U.S. border.
By LM Staff · October 11, 2013
Carload volume—at 279,128—was down 1.6 percent annually, and intermodall—at 266,580 trailers and containers, which was up 6.2 percent.
By Jeff Berman · October 10, 2013
Intermodal, highway and logistics services provider Hub Group Inc. said this week that it is lowering its expected earnings per share for the third quarter to be between $0.48-$0.51, down from previous Wall Street expectations ranging from $0.52-$0.57. And it also lowered full-year 2013 earnings to $1.85-$1.95 from $2.02.

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