Thursday, October 14, 2010
Risk is part of business. It’s a significant, permanent reality faced by virtually every organization. Without risk, business as we know it might not exist. To compete, grow, and capture benefit, companies need to take chances. It’s what businesses do.
As various economic indices, freight metrics, and trucking companies are reporting declining and stagnant volumes during the second half of the year, the most recent Ceridian-UCLA Pulse of Commerce Index (PCI) appears to be following suit, as the PCI declined 0.5 percent in September, following a 1.0 dip in August.
While August index is down 4% from July, it is up 25% from the August 2009 index of 101; shipments are up 13% from July and up 55% from August 2009.
Wednesday, October 13, 2010
Recent monthly volume gains at the Port of Baltimore’s public marine terminals continued their record-breaking pace in August, according to data released this week by the Maryland Port Administration (MPA). In August, 57,510 TEU (Twenty-foot equivalent units) moved through the Port of Baltimore, marking the second highest monthly volume total ever recorded at the port, behind only July, which hit 63,740 TEU.
Transplace, a non asset-based, third-party logistics (3PL) provider of transportation management, truck brokerage, and technology-related logistics services, said this week it has expanded its relationship with packaging company Intertape Polymer Group by expanding operations in Mexico and opening a new distribution center in Monterrey, Mexico.
The average price per gallon of diesel gasoline remained above the $3 per gallon for the second straight week, according to data released this week by the Department of Energy’s Energy Information Administration. For the week of October 11, the EIA reported that average diesel prices are $3.066 per gallon, representing a 6.6 cent increase from the week of October 4.
Building on the momentum which occurred over the first two quarters of the year, Class I railroad carrier CSX reported record third quarter results earlier today. Third quarter earnings for the Jacksonville, Fla.-based company at $414 million and $1.08 per share (beating Wall Street estimates of $1.04 per share) were up 48 percent compared to the third quarter of 2009, which had revenues of $290 million and $0.73 per share.
Posted on 10/13 at 08:39 AM
Michael Ward •
Tuesday, October 12, 2010
As was the case in August, September rail volumes were mixed when compared to the last two years, according to data released by the Association of American Railroads (AAR). The AAR reported that monthly rail carloads for September—at 1,487,511—were up 7.7. percent from September 2009 and down 7.5 percent from September 2008. The weekly September average of 297,502 carloads hit its highest level since October 2008, said the AAR. September carloads were 1.9 percent higher than September 2009.
Posted on 10/12 at 10:34 AM
The need to further invest and upgrade United States transportation infrastructure continues to receive a fair amount of attention lately, with President Barack Obama yesterday saying more needs to be done to rebuild America’s infrastructure.
Monday, October 11, 2010
Class I railroad carrier CSX, the state of New Jersey and the Port of New York and New Jersey recently heralded the opening of the Liberty Corridor Freightway, a major public-private partnership that provides expanded access to the Port of New York and New Jersey. The corridor, according to CSX will enable double-stack intermodal freight to move from the port to inland destinations, increase train capacity, improve service levels and expedite freight flows to and from inland ports.