Thursday, December 15, 2011
Following an early October prediction of 2011 holiday sales rising 2.8 percent to $465.6 billion, the NRF is now calling for 2011 to be up 3.8 percent to $469.1 billion. Holiday sales—as defined by the NRF—are sales in the months of November and December.
This industry-wide event, called “Stand Up For Trucking,” will bring together scores of transportation executives and key stakeholders in trucking to let their voices be heard so that their Congressional and Senate representatives understand that trucking is a vital national asset that contributes to the well-being of this country.
During its fiscal second quarter earnings announcement today, FedEx announced it has inked a deal with The Boeing Company to modernize its FedEx Express aircraft fleet.
Posted on 12/15 at 12:15 PM
Air Cargo •
Air Freight •
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.