Tuesday, July 14, 2015
Momentum created by decent retail sales growth in May did not carry over into June, with sales showing unexpected declines, according to data issued today by the United States Department of Commerce and the National Retail Federation.
This marks the seventh straight weekly drop during which time the average price per gallon has dropped, with the cumulative decline at 9.5 cents. And it also marks the longest period of weekly declines to date in 2015 as well.
Posted on 07/14 at 10:04 AM
Diesel Prices •
Monday, July 13, 2015
In this era of fading differentiation in carrier service, how do supply chain managers determine which provider is best for them?
Posted on 07/13 at 10:51 AM
Ocean Shipping •
For May, the most recent month for which data is available, the TCI was 4.91, which was off 25 percent compared to April’s 6.7 and stands as a three-year low for the TCI. The March TCI was 7.3.
Posted on 07/13 at 09:39 AM
Friday, July 10, 2015
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) headed up 0.8 percent from April to May on the heels of a 1.8 percent decrease from March to April.
U.S. carloads were down 7.1 percent annually at 251,269, and intermodal was up 12.3 percent at 255,015 containers and trailers.
Posted on 07/10 at 07:20 AM
Settling a widely followed lawsuit brought by more than 2,300 California workers at FedEx Ground and FedEx Home delivery, parent FedEx Corp. has agreed to create a $228 million fund and resolve a decade-long lawsuit involving misclassification of workers.
Posted on 07/10 at 01:43 AM
FedEx Ground •
Thursday, July 09, 2015
All regions are expected to see an improvement in profitability in 2015 compared with 2014.
Posted on 07/09 at 12:12 PM
Air Freight •
The Federal Reserve Bank of New York determined that the West Coast port labor disruption probably slowed Q1 real export growth by 1.5 percent, and in terms of the contribution to net exports to real GDP growth it would equate to a 0.2 percent decline in GDP.
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry.