Wednesday, May 04, 2011
Like its companion report, which focuses on manufacturing, the Institute for Supply Management's (ISM) Non-Manufacturing Report on Business showed positive growth for the 17th straight month in April. The ISM’s index for measuring the sector’s overall health—known as the NMI—was 52.8 in April, 4.5 percentage points lower than March's 57.3. Even with the sequential decline, a reading above 50 represents growth.
Posted on 05/04 at 12:19 PM
The Senate Commerce Committee announced today that it will hold a hearing on Tuesday, May 10 to review the Transportation Worker Identification Credential (TWIC) program. The hearing is entitled "Are our Nation's Ports Secure? Examining the Transportation Worker Identification Credential Program."
Posted on 05/04 at 10:32 AM
Tuesday, May 03, 2011
Few business sectors change as swiftly as the high technology industry. Business decision-makers working for manufacturers, distributors and OEMs of technology-related hardware and software products and services continually face new challenges that fully test their business acumen.
Nearly four months after global industrial real estate bellwethers ProLogis and AMB Property Corporation announced they signed a definitive agreement to pave the way for a merger, ProLogis officials said that the company has scheduled a special meeting of its shareholders to consider and vote upon the merger.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 11.8 percent in February 2011 compared to February 2010 increasing to $66.5 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
A week ago, prices fell 0.7 cents to $4.098 per gallon, and the previous week the average price was up 2.7 cents per gallon. When diesel hit $4.078 per gallon the week of April 11, it marked the first time diesel has been above the $4 per gallon mark since the week of September 15, 2008, when it hit $4.023.
Posted on 05/03 at 08:41 AM
As noted in a recent LM news story, the expected advantages to be gained from near-shoring from Mexico are lower freight costs, improved speed-to-market times, lower inventory costs...and risk mitigation.
Highlighting geographical proximity and improvements in transportation services, 63 percent of senior executives chose Mexico as the most attractive locale for re-sourcing manufacturing operations closer to the U.S. market, compared with just 19 percent who would re-source to the United States
Monday, May 02, 2011
Company officials said the $105 million facility is part of the $2.5 billion Crescent Corridor initiative. It is expected to be open in late 2012 and will be built on 380 acres. It is expected to create 6,200 jobs in the Memphis region over the next ten years and is expected to handle 327,000 containers and trailers annually.
While consumer spending is dragging somewhat due to increasing fuel prices, manufacturing growth shows no sign of stalling out based on data released today by the Institute for Supply Management (ISM).