Wednesday, December 17, 2014
Memphis-based FedEx reported solid fiscal second quarter earnings results today. Quarterly net income of $616 million was up 23 percent annually, and revenue, at $11.9 billion, was up 5 percent. Operating income at $1.01 billion was up 22 percent.
Posted on 12/17 at 11:06 AM
Tuesday, December 16, 2014
UPS said this week that it has added significant space to some of its North America-based distribution facilities, which the company increases the total size of its supply chain solutions network size by roughly 1.2 million square-feet. The company’s total global supply chain solutions network is comprised of 596 facilities and about 32.8 million square-feet. UPS offers various services at these facilities, including: warehousing and fulfillment inventory, transportation and returns management; custom kitting and packaging; and store-ready displays.
Posted on 12/16 at 12:40 PM
A week ago, the average price per gallon of diesel gasoline saw its steepest decline in more than two years, when it fell 7 cents to $3.535. This week took that decline a step further, with the Department of Energy’s Energy Information Administration (EIA) reporting that the average price this week fell 11.6 cents to $3.419 per gallon.
Posted on 12/16 at 11:19 AM
Diesel Prices •
With an eye on further expansion of its e-commerce business and related reverse logistics processes, transportation and logistics bellwether FedEx last night announced it has inked an agreement to acquire Pittsburgh-based GENCO, a third-party logistics (3PL) services provider specializing in product lifecycle and reverse logistics.
The Highway Trust Fund is irretrievably broken and should be eliminated in favor of a new system of revenue streams or by dedicating a portion of the federal income tax to pay for transportation. That’s the conclusion of a new multi-year report by the Eno Foundation, an influential Washington transportation think tank. The report, released in early December, was funded by the Rockefeller Foundation.
Monday, December 15, 2014
The biggest issue for transport in 2015 is funding for Interstate highways. That current funding will expire in May after a stop-gap nine-month continuing resolution expires. Whether the new Congress has the gumption to tackle the sticky problem of how to pay for much-needed highway and bridge reconstruction is an open question, however.
Trucking sector warmly endorses move to suspend two consecutive 1 a.m.-5 a.m.rest periods during 34-hour restart period.
Posted on 12/15 at 10:04 AM
Friday, December 12, 2014
In reviewing the proposed $1.01 trillion Consolidated and Further Continuing Appropriations Act of 2015 hammered out in Congress late last week, the American Association of Port Authorities noted that there are significant increases for the U.S. Army Corps of Engineers’ Harbor Maintenance Tax operations and maintenance activities and construction budgets, and for the Environmental Protection Agency’s Diesel Emissions Reduction Act grants program.
Posted on 12/12 at 04:29 PM
The most recent edition of the Trucking Conditions Index from freight transportation forecasting firm FTR continue to echo the ongoing theme that current market conditions continue to support carriers.
Posted on 12/12 at 11:23 AM
Non asset-based third-party logistics (3PL) services provider Transplace recently announced it has expanded its Canadian division operations, opening up new locations in Calgary and the Greater Montreal area.
Posted on 12/12 at 10:27 AM