Friday, October 15, 2010
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 0.6 percent in August from July.
Thursday, October 14, 2010
A report from the Government Accountability Office (GAO) stated that data from the United States Customs and Border Protection (CBP) subsidiary of the Department of Homeland Security found that as of July 2010 roughly 80 percent of U.S.-bound ocean shipments were Import Security Filing—or 10+2—compliant.
Posted on 10/14 at 10:45 AM
Albert Saphir •
Risk is part of business. It’s a significant, permanent reality faced by virtually every organization. Without risk, business as we know it might not exist. To compete, grow, and capture benefit, companies need to take chances. It’s what businesses do.
As various economic indices, freight metrics, and trucking companies are reporting declining and stagnant volumes during the second half of the year, the most recent Ceridian-UCLA Pulse of Commerce Index (PCI) appears to be following suit, as the PCI declined 0.5 percent in September, following a 1.0 dip in August.
While August index is down 4% from July, it is up 25% from the August 2009 index of 101; shipments are up 13% from July and up 55% from August 2009.
Wednesday, October 13, 2010
Recent monthly volume gains at the Port of Baltimore’s public marine terminals continued their record-breaking pace in August, according to data released this week by the Maryland Port Administration (MPA). In August, 57,510 TEU (Twenty-foot equivalent units) moved through the Port of Baltimore, marking the second highest monthly volume total ever recorded at the port, behind only July, which hit 63,740 TEU.
Transplace, a non asset-based, third-party logistics (3PL) provider of transportation management, truck brokerage, and technology-related logistics services, said this week it has expanded its relationship with packaging company Intertape Polymer Group by expanding operations in Mexico and opening a new distribution center in Monterrey, Mexico.
The average price per gallon of diesel gasoline remained above the $3 per gallon for the second straight week, according to data released this week by the Department of Energy’s Energy Information Administration. For the week of October 11, the EIA reported that average diesel prices are $3.066 per gallon, representing a 6.6 cent increase from the week of October 4.
Building on the momentum which occurred over the first two quarters of the year, Class I railroad carrier CSX reported record third quarter results earlier today. Third quarter earnings for the Jacksonville, Fla.-based company at $414 million and $1.08 per share (beating Wall Street estimates of $1.04 per share) were up 48 percent compared to the third quarter of 2009, which had revenues of $290 million and $0.73 per share.
Posted on 10/13 at 08:39 AM
Michael Ward •