Tuesday, July 17, 2012
Diesel prices rose for the second straight week on the heels of a 12-week span of declining prices, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 07/17 at 09:09 AM
Diesel Prices •
Monday, July 16, 2012
As noted in our news section, the NRF is asking that both labor and management issue a statement committing to continue negotiating and working without interruption, even if negotiations extend beyond the September 30th contract expiration.
The National Retail Federation is calling on labor and management officials to work together to avoid cargo disruptions
Total container volume—at 696,847 Twenty-foot Equivalents (TEU)—were up 8.75 percent annually and were below May and April, which hit 731,352 TEU and 707,182 TEU, respectively.
TransCore’s DAT North American Freight Index, which reflects spot market freight availability on its network of load boards in the United States and Canada, posted a 6.3 percent gain in June on an annual basis while setting a same-month record for highest freight volume in the month of June.
Data from both Commerce and NRF showed that retail sales decreased on a sequential basis in June for the third consecutive month. This marks the first time retail sales have fallen for three straight months since late 2008.
Late last week UPS said that the European Commission’s review of the proposed acquisition is now expected to move to a “Phase II review,” because there are facets of the deal that require more time to analyze.
One of the biggest line items in logistics spend is the cost of moving goods over the ocean. This is true for several reasons, not the least of which is the complexity of the movement itself and, in turn, the complexity of billing processes. Ocean freight rates encompass a growing inventory of surcharges, turning bill of lading calculations into mathematical challenges. Given that ocean freight invoices represent the largest single component of any logistics spend, they also account for the greatest margin of error in the financial supply chain.
Friday, July 13, 2012
Covering roughly 13 acres, company officials said the hub can process up to 20,000 documents and 20,000 parcels per hour.
Carload volume—at 243,156—was down 1 percent annually, and intermodal—203,362 trailers and containers—were up 5.6 percent.