Tuesday, February 15, 2011
Citing severe winter storms and higher-than-expected fuel prices FedEx said this week that it’s projected fiscal third quarter earnings have been impacted by roughly $0.25 per share.
Retail sales began 2011 on a relatively promising note, according to data released by the United States Department of Commerce and the National Retail Federation (NRF). January retail sales, which include non-general merchandise like automobiles, gasoline, and restaurants, were $381.6 billion for a 0.3 percent increase from December and a 7.8 percent increase over January 2010, according to Commerce.
In a sign that the global economic recovery may have some sustained momentum, the most recent edition of the Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for import cargo volume at major United States-based container ports to be up 11 percent year-over-year in February. The report is also calling for first half 2011 volumes to be up 6 percent annually.
Another week brought another increase in the price per gallon of diesel, with prices rising 2.1 cents this week to $3.534 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). On an annual basis, diesel prices are up 77.8 cents.
Monday, February 14, 2011
From a supply chain and logistics perspective, the most interesting part of this budget is the proposed six-year, $556 billion surface transportation and reauthorization proposal.
Last week, the leadership of the House Transportation and Infrastructure Committee introduced legislation designed to reform Federal Aviation Administration (FAA) programs, set policies and priorities for United States aviation systems, and create jobs through infrastructure improvements.
Posted on 02/14 at 10:01 AM
Air Cargo •
Air Freight •
In 2010, easy annual comparisons to a troubled 2009 often paved the way for favorable data trends in the freight transportation sector. Based on recent data in TransCore’s TrendLines report, those comparisons for the trucking sector are still heading in the right direction early into 2011.
Consumer demand in emerging markets for more out-of-season perishables – including flowers for Valentine’s Day – is keeping logistics providers busy this season
Friday, February 11, 2011
Railroad traffic for the week ending February 5 was mixed due to harsh weather conditions impacting certain parts of the country, according to data released by the Association of American Railroads (AAR).
By now, you have probably seen the most recent batch of numbers from the Commerce Department regarding the trade deficit. In short, the data pretty much represents an ongoing trend. Commerce said that the international trade deficit increased 5.9 percent in December 2010, to $40.6 billion, up from $38.3 billion in November. And exports grew 1.8 percent, to $163.0 billion, and imports rose 2.6 percent, to $203.5 billion.