Wednesday, June 01, 2011
One week after its single largest weekly drop—of 6.4 cents—in a year, diesel prices headed south for the fourth consecutive week, falling another 4.9 cents to $3.948 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Less than three months after acquiring World Warehouse and Distribution, Cherry Hill, New Jersey-based NFI, an asset-based third-party logistics (3PL) services provider said this week it has brought Maersk subsidiary the Gilbert Company into the fold.
According to all reports, the third-party logistics industry is surging again, but experts agree that growth will reach a plateau in the coming years due to a number of looming economic uncertainties. Here’s an overview of how the market is currently shaping up.
Tuesday, May 31, 2011
The Federal Motor Carrier Safety Administration (FMCSA) recently announced that it will not meet its initial goal of publishing a new hours-of-service (HOS) rule—based on changes to the rule it proposed late last year—by its initial deadline of July 26. The primary reason for the delay of the final HOS rule, which has now been pushed back to October 28, is because of four studies issued by FMCSA introduced during the HOS rule comment period that focus on the relationship between fatigue and driver safety.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 15.6 percent in March 2011 compared to March 2010 increasing to $80.8 billion.
Coming off a less-than-stellar first quarter, future prospects for import and export container volumes in Europe are expected to grow over the next six months, according to the monthly Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
The Institute for Supply Management has announced that Norbert J. Ore is retiring from his position as Manufacturing Business Survey Committee Chair.
Friday, May 27, 2011
The San Francisco Heritage Foundation maintains that Port City (by Michael Corbett; San Francisco Architectural Heritage, 248 pages; $65.00) represents a first in terms of providing a comprehensive story of the Port of San Francisco.
Carload volume—at 295,148—was up 2.3 percent compared to the same timeframe last year and slightly ahead of 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.
Proposed changes to truck driver Hours-of-Service (HOS) regulations made by the Federal Motor Carrier Safety Administration (FMCSA) in December have created a potential situation in which the amount of time carriers have to move freight could be significantly curtailed, as well as hinder available trucking capacity.