All Entries

Thursday, June 06, 2013

In a Webcast yesterday, USPS Chief Financial Officer and Executive Vice President Joseph Corbett explained that the financial outlook at the USPS has “created a crisis of confidence” for the Postal Service in the eyes of the marketplace, adding that the USPS “needs to as quickly as possible resolve the issues."

Con-way Freight, the less-than-truckload (LTL) subsidiary of Con-way Inc., this week officially dedicated its new 65-door service center in Lumberton, N.C., which opened for business on March 31.

Wednesday, June 05, 2013

There’s scant suggestion that the findings contained in PwC’s 16th Annual Global CEO Survey released last January will be altered significantly before the year is out, said analysts

The ISM’s monthly Non-Manufacturing Report on Business said that the index used by the ISM to measure non-manufacturing growth—known as the NMI—was 53.7 in May, rising 0.6 percent from April.

May freight shipments and expenditures remain mixed, according to the May edition of the Cass Freight Index Report.

Tuesday, June 04, 2013

The high cost operating environment in Africa places the continent’s airlines at a competitive disadvantage that impedes the important role that aviation connectivity could play

In a move geared to modernize its aircraft fleet and improve the global network of its FedEx Express segment, global transportation and parcel bellwether FedEx announced yesterday it has permanently retired or will accelerate the retirement of 86 aircraft and 308 related engines.

The new services are Mexico Direct, which offers faster customs clearance for Mexico importers, and a new intermodal service. These two offerings join CEVA’s existing U.S.-Mexico services, which include air and expedited Transborder offerings, including less-than-truckload, and full truckload, according to CEVA.

The average price per gallon fell 1.1 cents to $3.869 per gallon, following a 1.0 cent decrease last week. Prior to these two weeks of gains, prices were up a cumulative 4.5 cents over the previous two weeks.

Monday, June 03, 2013

No matter what the letter is after the name of your preferred political party, freight transportation stakeholders would be wise to take a moment to pay their respects to the late Frank Lautenberg (D-NJ), whom passed away today at 89.