Wednesday, February 02, 2011
Following a December announcement in which it indicated it had reached an agreement to acquire the full service lease, contract maintenance, commercial rental and dedicated contract carriage businesses of Fontana, California-based The Scully Companies Inc., freight transportation and logistics services provider Ryder System said this week the deal has been made official.
Posted on 02/02 at 08:12 AM
Tuesday, February 01, 2011
In what has again become a common occurrence, diesel prices are up once again this week, going up $0.8 cents to $3.438 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). The EIA added that current prices are up 65.7 cents per gallon compared to last year.
Earlier today, I reported on the Institute for Supply Management’s (ISM) monthly Manufacturing Report on Business. In the interest of not repeating the story verbatim, I will tell you this: it was a very, very good report.
Posted on 02/01 at 01:38 PM
Building on the success of a solid 2010, the manufacturing sector is off to a promising start in 2011, according to the Institute for Supply Management’s January Manufacturing Report on Business.
This white paper brought to you by Kewill and Blumberg Advisory Group, examines the financial returns that may be realized through the implementation of an advanced Reverse Lifecycle Management (RLM) solution. The paper highlights major areas for further exploration and financial analysis within the reverse logistics service network.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 15.5 percent in November 2010 compared to November 2009, increasing to $68.1 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
Even though the economy is still taking its lumps en route to a full-fledged recovery, UPS appears to be ahead of the game based on its fourth quarter and full-year 2010 earnings performance.
Freight forwarders need to see “realizable and significant value” added to the airport-to-airport portion of the air cargo supply chain before making a commitment to e-commerce, said two major shipper associations.
While the Federal Maritime Commission (FMC) is moving forward with an investigation of slow steaming practices in the transpacific, some analysts question whether it will even be an issue after the upcoming Lunar New Year.
Monday, January 31, 2011
When FedEx announced it was redesigning its network structure for its less-than-truckload (LTL) network, FedEx Freight, last September, which officially went live today, there was one small detail regarding this news that flew somewhat under the radar. That detail was that the company said it planned to be more active on the intermodal side.