Monday, June 06, 2011
In continuing the theme from its previous report, today’s release of the Cass Information Systems Freight Index showed that a moderation in freight volumes is still intact.
While the practice of “slow steaming” by ocean carriers has become more commonplace in an effort to reduce fuel costs, shippers are not necessarily enthused about its subsequent effects on their supply chains, according to a new study comprised of feedback from 290 shippers conducted by third-party logistics services provider BDP International
Friday, June 03, 2011
I don’t know what is harder: figuring out what the economy is doing or hitting a curve ball? While I was a decent enough hitter growing up, I did not see too many breaking balls. But given all the noise about which way the economy is moving, I may be heading back to the batting cages.
Despite a backdrop of negative jobs reports, sluggish home sales, and cautious consumer spending, the non-manufacturing sector remains in decent shape based on the results of the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business, which showed growth for the 18th consecutive month in May.
As the 2014 deadline for the completion of the $5.25 billion Panama Canal expansion project gets closer, the ramifications it will have on supply chains and industrial real estate are abundant, according to the findings of a report issued by global real estate firm Jones Lang LaSalle.
Carload volume—at 288,049—was up 0.7 percent compared to the same timeframe last year and is behind the week ending May 21 at 295,148 and the week ending May 14 at 294,271. It was also behind the week ending April 2, which hit 305,905 carloads, marking the highest weekly carload tally since the end of 2008.
Thursday, June 02, 2011
The topic of Positive Train Control (PTC), which has been commonly referred to as the “unfunded mandate” in railroad circles, has a chance to be less onerous and costly as the White House moves forward with its review of federal regulations that have a negative impact on the United States economy and future growth as part of its January 2011 Executive Order on Improving Regulations and Regulatory Review.
Less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) said this week it has expanded its Pacific Promise service in an effort to meet increased shipping demand from Asia.
Wednesday, June 01, 2011
In its May Manufacturing Report on Business, the ISM reported that the index it uses to measure the manufacturing sector—known as the PMI—was 53.5 percent in May, down 6.9 percent from April, marking the first time in 2011 that the PMI did not crack 60.
Before developing its web-based carrier rating tool, this niche vendor of outdoor furniture was spending 17 percent of its sales on transportation. This year, those costs are going to be about 5 percent of sales—a turnaround that earned the company our 2011 Best Practices Award.