Tuesday, February 02, 2016
Spokesmen for the Port of Oakland said they were blind-sided by Ports America Outer Harbor’s decision to file bankruptcy.
Posted on 02/02 at 04:57 PM
Coming off of a record-breaking 2015, 2016 looks to be another banner year for supply chain real estate occupiers and investors, according to a logistics survey report recently issued by industrial real estate firm JLL.
In its second annual Global Logistics Sentiment Survey, JLL culled feedback and opinions from 659 global logistics market experts on key property sector performance indicators by taking a look at the last six months and their expectations for the next six months.
Posted on 02/02 at 01:28 PM
real estate •
Over this 12-week stretch of declines, diesel prices have dropped a cumulative 46.1 cents. And the current average price per gallon is now at its lowest level since the week of March 16, 2009, when it was at $2.017 per gallon. The previous lowest comparison week prior to this week’s decline was the week of March 23, 2009, when it was at $2.09.
Posted on 02/02 at 10:58 AM
Diesel Prices •
UPS finished 2015 in solid fashion, with strong fourth quarter earnings results. Fourth quarter revenue at $16.1 billion was up 1 percent annually, and earnings per share were up 26 percent at $1.57, marking the fourth straight month of EPS growth. For all of 2014, EPS was up 14 percent annually at $5.43, which was an all-time high. Total operating profit also set a new record, up 54.3 percent at $7.7 billion.
Posted on 02/02 at 10:03 AM
UPS Freight •
Monday, February 01, 2016
The Institute for Supply Management (ISM) reported today that manufacturing activity again contracted for the fourth straight month.
Posted on 02/01 at 01:24 PM
ATA reported that the annualized turnover rate for large truckload carriers, which it defines as truckload fleets with more than $30 million in revenue, headed up 13 percent to 100 percent from the second quarter to the third quarter, representing the highest level it has hit in the last three years.
Posted on 02/01 at 11:18 AM
driver turnover •
Third-party logistics and freight transportation services provider XPO Logistics said late last week that it has commenced a workforce reduction for its less-than-truckload (LTL) unit, which it acquired from Con-way, when XPO acquired Con-way last year.
Posted on 02/01 at 09:47 AM
XPO Logistics •
Friday, January 29, 2016
Class I railroad carrier Norfolk Southern this week released additional information on its strategic plan, which it said is geared to streamline operations and drive profitability and growth on various fronts. NS officials said its projected expense reduction and cost control efforts will be focused in a few specific areas, including compensation and benefits, purchased services and rents, materials, and fuel. The company initially introduced the plan on December 4, 2015.
Logistics managers seeking yet one more forecast as the year gets underway, may wish to check in with Rodger Howell, PwC’s Strategy& Principal, specializing in strategy and operations. He sees a few key areas that should be central to corporate efforts during 2016.
Posted on 01/29 at 10:33 AM
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico fell 8.4 percent to $88.2 billion in November 2015, with all modes of transportation having a lower freight value compared to the same period in 2014.
Posted on 01/29 at 08:47 AM