Monday, November 01, 2010
Coming off of September which showed a nearly 2 percent sequential decline, the most recent edition of the Institute of Supply Management’s Manufacturing Report on Business showed signs of improvement in October.
Following two straight months of growth, the October edition of the Cass Information Systems Freight Index fell in October.
U.S. retailers and manufacturers continue to increase their reliance on air cargo from Asia, said a leading supply chain authority.
Less-than-truckload (LTL) transportation services provider YRC Worldwide Inc. (YRCW) took a significant step forward in its recovery plan, announcing that more than 60 percent of its roughly 40,000 Teamsters members voted to ratify a modified labor agreement.
Posted on 11/01 at 09:10 AM
YRC Worldwide •
Friday, October 29, 2010
Several media outlets are reporting that two United States airports—Newark, N.J. Liberty International Airport and Philadelphia International Airport—are on high alert after a UPS cargo plane originating in Yemen and had transited through Europe was carrying a suspicious package, which contained a printer toner package which was tampered with and resembled an improvised bomb.
Posted on 10/29 at 11:45 AM
Air Cargo •
As in past weeks, railroad volumes for the week ending October 16 showed continued year-over-year improvement, according to data released by the Association of American Railroads (AAR). Carload volume at 302,855 was up 9.6 percent year-over-year but behind the week ending October 16 at 303,664. The week ending October 9 hit 297,029 carloads.
Posted on 10/29 at 10:58 AM
Waiting for me in my ridiculously crowded inbox this morning was an e-mail from the U.S. Bureau of Economic Analysis, which informed me that economic activity—i.e. the Gross Domestic Product—in the third quarter grew at a rate of 2 percent.
If you import or export via U.S. West Coast ports, then researchers of the Port Performance Research Network, chaired at Dalhousie University, want to hear from you. The Network is seeking feedback from ports’ customers and stakeholders about their experiences with five U.S. west coast ports.
Thursday, October 28, 2010
Yet another partnership with a U.S. port has been initiated by the Panama Canal Authority
As has been the case during third quarter earnings, Class I railroad earnings continued to deliver strong results, with Norfolk Southern’s strong earnings results bearing that out. Earnings for the Norfolk, Virginia-based carrier at $445 million were up 47 percent year-over-year. And earnings per share of $1.19 were also up 47 percent, beating Wall Street estimates of $1.09.