Friday, December 10, 2010
In a sign that the White House’s push to increase United States export activity is gaining some traction, data released by the Department of Commerce stated that total October exports of $158.7 billion and imports of $197.4 billion resulted in a goods and services deficit of $38.7 billion.
Following the recent news that TNT, the fourth largest global parcel operator, plans to sell off its Express unit, media reports out of Europe indicate that UPS will not be a potential buyer of the unit. UPS Chief Financial Officer Kurt Kuehn told a German newspaper, the Boersen-Zeitung, that the UPS does not intend to make any large acquisitions in the future.
Posted on 12/10 at 10:05 AM
DPWN DHL •
The Association of American Railroads (AAR) reported that railroad volumes for the week ending December 4 were up on an annual basis. Carload volume at 303,570 was up 6.8 percent compared to the same period in 2009 and were up significantly compared to the 254,121 recorded during Thanksgiving week.
Thursday, December 09, 2010
While the Federal Maritime Commission failed to implement any significant reform, it did address ongoing concern over cartel pricing in the transpacific yesterday.
In case you did not know this, shortly before Thanksgiving, one LTL heavyweight decided to sue, make that counter-sue, another.
The two parties involved here: ABF Freight Systems and YRC Worldwide. As reported on this Website, ABF signaled its intent to take legal action against the International Brotherhood of Teamsters, various subsidiaries of YRC Worldwide and other entities, following a ratified labor agreement by YRCW Teamsters members.
Posted on 12/09 at 02:21 PM
ABF Freight •
Freight transportation and logistics services provider Ryder System said it has inked an agreement to acquire Total Logistic Control, a subsidiary of SUPERVALU and a provider of supply chain services for shippers in the food, beverage, and consumer packaged goods sectors.
USA Dry Van Logistics, a national provider of asset-based transportation and third-party logistics focusing on cross-border shipments between the U.S. and Mexico, recently announced it emerged from bankruptcy after filing for it in February. Company officials said that USA Dry Van was successfully able to restructure the business and have the same customer base, employees, lenders, and equipment intact.
Wednesday, December 08, 2010
With the introduction of its NVOCC e-commerce platform, ECU LINE is now connected to the INTTRA network to receive shipping instructions from their shippers.
Nearly a year after the completion of the acquisition of supply chain management software and services company i2 Technologies by JDA Software Inc., a provider of demand chain technology services, JDA said today it is embarking on some of the initial steps of is post i2 acquisition product integration roadmap with the release of JDA Logistics Procurement.
The common perception that October is the most active month for trade is a false one, said analysts at Zepol Corporation
Posted on 12/08 at 11:00 AM