Thursday, February 10, 2011
Despite modest gains in volumes, financial issues are still prevalent at the United States Postal Service.
Diplomat(s) expressed increasing concern that Saudi Arabia is no longer able to lift oil production at a rate fast enough to prevent oil prices from escalating.
Rail volumes in January were up compared to the same period in 2010, according to data released by the Association of American Railroads (AAR).
President Obama and Canada’s prime minister, Stephen Harper issued a joint statement reconfirming their support of new and existing trade initiatives.
Wednesday, February 09, 2011
Express delivery and logistics services provider DHL said today that it plans to spend $22.5 million to expand its hub facility at the Cincinnati/Northern Kentucky Airport to meet the growing needs of international shippers.
Posted on 02/09 at 01:45 PM
Air Cargo •
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) increased 1.5 percent in December, following a 0.3 percent decline in November.
Following an impressive 2.4 percent sequential gain in December, the January edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) fell 0.3 percent in January, due, in part to harsh weather conditions throughout much of the United States.
Non asset-based third-party logistics services provider Roadrunner Transportation Services (RRTS) recently announced it has acquired all of the outstanding stock of Morgan Southern, a privately-held provider of intermodal transportation and related services for roughly $20 million.
Tuesday, February 08, 2011
In a development that may signal a shift in global marine terminal operations, Zebra Technologies Corporation announced that it has entered into a definitive agreement to sell its Navis business to Cargotec Corporation.
Keeping in line with the fourth quarter of 2010, preliminary net orders of heavy-duty Class 8 commercial vehicles for North America markets at 27,300 units were up 320 percent year-over-year in January, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.