Thursday, March 10, 2011
Parcel shippers that turn to third-party consultants (3PCs) to help them navigate myriad facets of pricing and rate structures from industry bellwethers FedEx and UPS may eventually find themselves having to fend for themselves when talking dollars and cents with these companies if a Department of Justice (DOJ) investigation finds that FedEx and UPS are colluding to adopt a policy of declining to negotiate with 3PCs acting on behalf of shippers.
The liner services group of Crowley Maritime Corporation said this week it is rolling out a new Ro/Ro (Roll-on/Roll-off) liner cargo service between Santo Domingo, Dominican Republic; San Juan, Puerto Rico; and St. Thomas, USVI, effective March 17.
Posted on 03/10 at 09:40 AM
Just how strong is the current economic recovery? Judging by the Conveyor Equipment Manufacturers Association’s (CEMA) 78th Annual Meeting in Palm Springs California last week, pretty good.
Wednesday, March 09, 2011
When I am asked what the big topic in the industries LM covers is these days, there is no surprise of late. It is a one word answer: fuel. How could it really be anything else at this point? If you need more proof, look at the past two weeks of diesel price increases from the Energy Information Administration. They both check in around the 15-cent mark. Ouch.
The February edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) dipped 1.5 percent, following a 0.3 drop-off in January. This cumulative decline washed out a 1.8 percent gain in December, according to the report’s authors.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) increased 0.9 percent in January, following a 1.5 percent gain in December and a 0.3 percent decline in November.
While heavy capital expenditures are nothing new for the freight railroad industry, a report released today by the Association of American Railroads (AAR) stated that United States-based freight railroads are planning to spend $12 billion in capital expenditures in 2011, following a $10.7 billion investment in 2010.
Despite harsh weather conditions throughout many parts of the country, rail volumes in February were up in February on a year-over-basis, according to data from the Association of American Railroads (AAR).
Posted on 03/09 at 09:07 AM
Tuesday, March 08, 2011
Cherry Hill, New Jersey-based NFI, an asset-based third-party logistics (3PL) services provider said this week it has acquired World Warehouse and Distribution, a Champlain, NY-based 3PL and warehousing services provider with facilities in Champlain and Albany, NY and Montreal.
On the heels of a 14.3 cent weekly gain, diesel prices saw their single highest weekly increase since May 2008, with a 15.5 cent bump to $3.871 per gallon, according to data from the Department of Energy’s Energy Information Administration (EIA).