Monday, May 16, 2016
Numbers issued in the most recent edition of the Cass Freight Index Report from Cass Information Systems appear to be in lockstep with signs and themes related to an economic slowdown in the United States.
For March, the most recent month for which data is available, the TCI fell nearly 50 percent from February’s 8.27 to 4.22, marking its lowest level since 2011, according to FTR.
Friday, May 13, 2016
Six of the eight “orphan” ocean carriers not included in the proposed OCEAN Alliance or the 2M Alliance have
found a home of sorts, coming together to form a new vessel sharing agreement (VSA) referred to as "THE Alliance."
Coming off of a very sluggish first quarter, retail sales in the month of April showed somewhat of a bounce back in tandem with signs of spring, according to data issued today by the United States Department of Commerce and the National Retail Federation.
The new UPS Follow My Delivery service offers unprecedented flexibility, convenience and visibility on the day of delivery, with its Follow My Delivery map feature that enables delivery recipients to have a detailed view of where their package is located when it is out for delivery.
Posted on 05/13 at 10:36 AM
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) dropped 0.9 percent from February to March.
Posted on 05/13 at 09:55 AM
Freight TSI •
Rail carloads, at 233,047, were down 14.8 percent, and intermodal containers and trailers dropped 6.4 percent to 259,876.
Thursday, May 12, 2016
Truck drivers hours of service limits may be tweaked under a fiscal 2017 transportation funding bill passed by an influential Senate appropriations committee this spring. Under the move spearheaded by Sen. Susan Collins, R-Maine, the legislation set a 73-hour cap as the allowable hours per seven-day work week that truck drivers may work before taking a break.
Posted on 05/12 at 10:45 AM
Supply chain resilience is vital to robust business performance. Threats to resilience—such as depressed oil prices, natural catastrophes and the spread of terrorism—are keeping financial executives around the world up at night.
Posted on 05/12 at 10:06 AM
Wednesday, May 11, 2016
Even though the weather seems to be taking a positive turn, it is fair to say that the current outlook for the freight economy is not nearly as rosy at the moment.There are many reasons for that, with the majority of them based on more general, or macroeconomic, headwinds hovering about at the moment.
Posted on 05/11 at 01:10 PM