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Thursday, June 17, 2010
The Cabinet Council of the Republic of Panama approved a proposal to modify the Panama Canal pricing structure, following a recommendation from the Panama Canal Authority (ACP) Board of Directors.
While volumes still lag 2008 levels, weekly carload and intermodal volumes continue to surpass 2009 levels, according to the Association of American Railroads (AAR).
Posted on 06/17 at 07:02 PM
News • Rail Freight • Shipping • Permalink
News • Rail Freight • Shipping • Permalink
LM Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Echo Global Logistics, a publicly-traded non-asset based freight brokerage company, about market trends and conditions.
Legislation focused on providing increased regulatory oversight of brokers and freight forwarders in the trucking industry was introduced this week.
While healthcare reform is no longer front and center in the minds of most Americans after months of scrutiny and deliberations, the potential impact of the legislation has not waned with healthcare supply chain executives, according to a recent survey from UPS.
While most shipping analysts maintain that the undervalued Chinese Yuan should still be a concern for U.S. exporters, there are those who say that surging demand may make it less of an issue in the near future.
Wednesday, June 16, 2010
Just when the picture is brightening for U.S. West Coast ports, political pressure can kill the commercial recovery, said Pacific Merchant Shipping Association President John McLaurin.
As truckload capacity continues to tighten, spot market rates continue to rise. That appears to be the consensus based on research released by Avondale Partners and TransCore.
FedEx said today that net income of $419 million for the fiscal fourth quarter was up significantly from an $876 million loss for the same time frame a year ago. And for the full fiscal year net income—at $1.18 billion—was up from fiscal year 2009’s $98 million.
Regional less-than-truckload transportation services provider Southeastern Freight Lines said it is now offering next-day service between its Oklahoma City, Oklahoma Service Center (OKC) and its Odessa, Texas Service Center (ODS).


