Tuesday, January 31, 2012
Even though the unemployment rate has fallen to 8.5 percent in recent months, IHS Global Insight continues to expect much labor market slack in the coming quarters
Ocean cargo shippers can expect a slight surge in business this year, with the economic tide lifting all boats
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 12.7 percent on November 2011 compared to November 2010 at $76.7 billion.
Following a 0.6 cent gain last week, diesel prices are up 0.2 cents this week at $3.85, according to the Department of Energy’s Energy Information Administration (EIA). Prior to prices seeing gains throughout most of the last four weeks, diesel prices were down six straight weeks for a cumulative 22.7 cent decline.
Posted on 01/31 at 12:13 PM
Diesel Prices •
Earlier today, transportation and parcel bellwether UPS reported that fourth quarter revenue jumped 6 percent annually to $14.2 billion, and adjusted operating profit was up 17.3 percent at $2.024 billion. Earnings per share at $1.28 saw a 21 percent improvement, topping Wall Street estimates of $1.26 per share.
Posted on 01/31 at 11:55 AM
Logistics managers with time-critical cargo on their hands may opt for charter option
Monday, January 30, 2012
Don’t look now, but the terms “cautious optimism” and signs of improvement” remain at or near the top of the list, when people are asked to describe what is going on in terms of momentum of the economic kind.
Posted on 01/30 at 03:31 PM
Spurred in large part by a 40 percent gain in shipments from Asia in 2011, less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) said it has expanded its Pacific Promise less-than-container load (LCL) service to ten ports in eight Asian countries.
Posted on 01/30 at 01:08 PM
Global Logistics •
This offering will enable shippers to ship a box—weighing up to 70 pounds—anywhere in the U.S. for one price, $39.95.
The Association of American Railroads (AAR) said today that the seven North America-based Class I freight railroads are on track to invest a record $13 billion in capital expenditures for 2012, with the capital going towards expanding, upgrading, and enhancing the U.S. freight rail network.
Posted on 01/30 at 10:09 AM
Rail Freight •