Thursday, December 15, 2011
Driven by a continued focus on yield management, FedEx reported today that fiscal 2012 second quarter net income at $497 million was up 76 percent annually. The company’s quarterly revenue of $10.59 billion was up 10 percent from last year’s $9.63 billion.
Posted on 12/15 at 10:51 AM
Wednesday, December 14, 2011
An alliance agreement between INTTRA – a multi-carrier e-commerce platform for the ocean shipping industry – and Kewill was announced today.
A report released by the Institute on Taxation and Economic Policy stated that "State lawmakers reluctant to update gas taxes have cost their states, on average, $201 million in annual revenues. These losses are exacerbated by the fact that the federal gas tax, which also supports state transportation projects, has lost 41 percent of its value since it was last raised in 1993."
Posted on 12/14 at 03:17 PM
Gasoline Tax •
The Department of Transportation’s Bureau of Transportation Statistics reported today that its Freight Transportation Services Index (TSI) dropped 0.2 percent from September to October.
The United States Postal Service said yesterday that it has agreed to delay the closing or consolidation of any Post Office or mail processing facility until May 15, 2012.
Posted on 12/14 at 11:10 AM
Shifts in inventory management by retailers appear to have made an impact on import cargo volumes at major United States-based container ports, according to the monthly Port Tracker report by the National Retail Federation and Hackett Associates.
Tuesday, December 13, 2011
Logistics Management regrets to report that Patrick Quinn, co-chairman and president of truckload and full-service freight transportation provider U.S. Xpress Enterprises Inc. has passed away from brain cancer. He was 65.
With the economy showing some slight signs of growth, the Ceridian-UCLA Pulse of Commerce Index (PCI) was up for the second straight month in November, with a 0.1 percent gain on the heels of October’s 1.1 percent rise.
Despite relatively slight gains, retail sales in November were up for the sixth straight month, according to data released today by the United States Department of Commerce.
The price per gallon for diesel fuel dropped for the third straight week, falling 3.7 cents to $3.894 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 12/13 at 10:04 AM
Diesel Prices •