Wednesday, August 01, 2012
In last month’s column, we presented some dramatic research insights about emerging markets. By 2020, 57 percent of the world’s economic growth could come from emerging markets. Emerging market household incomes are expected to increase by a total of $8.5 trillion between 2010 and 2020. And if emerging-market-to-emerging-market (E2E) exports continue to increase at their current rate, they will outpace developed-country-to-developed-country (D2D) volumes by 2013.
The average truck consumes roughly 11,000 gallons of diesel per year. Consequently, even minor shifts in fuel prices have a significant impact on operating costs. For instance, when applied to a fleet of 100 trucks, a price drop of 25 cents per gallon generates annual savings exceeding a quarter of a million dollars.
It dawned on me the other day that some of the practices we employ in the planning and management of our logistics operations are similar to how farmers plan and harvest crops and how baseball managers select their team and deal with the variety of performance issues and injuries throughout the long season.
Tuesday, July 31, 2012
Much has been written and said about the less-than-truckload (LTL) sector on this Web site and in the pages of this magazine. Make no mistake, though, the sector these days is in a much better place than where it was not all that long ago.
Posted on 07/31 at 12:29 PM
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 8.3 percent in May 2012 compared to May 2011 at $83.8 billion.
A recent Bloomberg report stated that European Union (EU) regulators have extended their review of UPS’s bid to acquire Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator for $6.28 billion by ten working days until December 12.
Increasing diesel prices appear to be the norm again, with the price per gallon up 1.3 cents to $3.796 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 07/31 at 08:07 AM
Diesel Prices •
Monday, July 30, 2012
In a July 25 letter to Department of Homeland Security Secretary Janet Napolitano, Representative Bennie G. Thompson (D-Miss.), ranking member of the House Homeland Security Committee, seeking more details on maritime cargo container scanning, Thompson expressed his disappointment over the apparent lack of progress being made since “Implementing Recommendations of the 9/11 Commission Act of 2007” was written into law.
Echo Global Logistics, a Chicago-area non-asset based freight brokerage and a provider of technology-enabled transportation and supply chain management services, announced last week it has acquired all of the assets of Shipper Direct, a Nashville-based truckload transportation brokerage.
Distribution is a growing industry. The Bureau of Labor Statistics estimates that total warehousing and storage jobs will by 2.35% a year from 2010 to 2020.