Tuesday, November 30, 2010
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 19.3 percent in September 2010 compared to September 2009, increasing to $68.3 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
While “the new austerity” is shaping public policy in Washington DC these days, there is concern among ocean shippers that there may be a negative impact on some supply chains.
With total spending on the nation’s busiest shopping day of the year up more than 9 percent annually at $45.0 billion, there may be cause for optimism, according to the National Retail Federation (NRF).
Diesel prices dipped 0.9 cents to $3.162 per gallon for the week of November 29, according to data from the Department of Energy’s Energy Information Administration (EIA).
FedEx subsidiary FedEx Express recently announced it has launched a new flight to and from Hanoi, Vietnam, which will run weekly from Tuesday through Friday.
Monday, November 29, 2010
Data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicates that the average retail sales price of Class 8 used vehicles sold in October was up 4 percent from September.
Logistics Management Group News Editor Jeff Berman had an opportunity to catch up with Patrick Quinn, Co-chairman and President of truckload and full-service freight transportation provider U.S. Xpress Enterprises Inc., at the recent TransComp expo in Ft. Lauderdale, Florida.
Since issuing its study last summer, Global consultancy IDC Manufacturing Insights contends that U.S. manufacturers are continuing their flight from low-wage outsourcing.
A slight surge in air cargo demand has some industry analysts predicting a prolonged rebound.
Tuesday, November 23, 2010
As the economy continues its slow-paced recovery, the American Trucking Associations (ATA) added a dose of optimism to the overall outlook, reporting that truck tonnage in October was up for the second straight month.