Tuesday, March 13, 2012
Commerce reported that February retail sales at $407.8 billion were up 1.1 percent from January and up 6.5 percent compared to February 2011. The NRF reported that February retail sales, which exclude autos, gas stations, and restaurants, were up 0.5 percent on a seasonally-adjusted basis from January and up 8.6 percent on an unadjusted basis annually.
Following a projected 6.8 percent annual decline in import cargo volume for February, the monthly Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for a 10 percent annual gain for March.
“Regional cooperation” was gaining traction as a marketing tool for U.S. seaports seeking to aggregate vessel calls in the past. But a recent development suggests that it may have been just so much happy talk.
The price per gallon increased 2.9 cents to $4.123 per gallon, marking the highest price for diesel since the week of May 2, 2011, when it reached $4.124 per gallon.
Posted on 03/13 at 08:31 AM
Diesel Prices •
Monday, March 12, 2012
Container freight rates in the westbound Asia-Europe corridor increased by 114 percent this week
When the price per gallon of diesel was closer to $5 per gallon and oil barrel prices were nearly touching $150 during the summer of 2008, much was made about the possibility of North American shippers moving manufacturing operations closer to home, also known as nearshoring.
With the clock officially ticking away until the March 31 deadline for to Congress either—A-sign off on a new federal surface transportation bill—or B-pass yet another short-term continuing resolution with funding intact a current levels, there has been some movement on matters related to this effort in the last week or so, with later this month once the House returns from recess this week.
Saturday, March 10, 2012
The solar panel maker is reliant on efficient manufacturing practices, but when it came to inbound shipping and distribution across borders, those operations began to suffer as the company grew. Here’s how this progressive shipper partnered with its 3PL to re-engineer its logistics model to save 25 percent on its inbound costs.
Friday, March 09, 2012
With a close eye on regaining North American market share, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said yesterday it has sold its interest in Shanghai Jiayu Logistics Co. Ltd. to its 35 percent joint venture partner.
Posted on 03/09 at 11:57 AM
YRC Worldwide •
YRC Freight •
February carloads—at 1,410,992—were down 1.9 percent annually. And intermodal—at 1,122,458 trailers and containers—was up 2.4 percent compared to February 2011.