All News Entries
Wednesday, February 01, 2012
Manufacturing picked up in 2012 where it left off in 2011: in growth mode. The ISM's PMI hit 54.1 in January, which was 1.0 percent better than January’s 53.1.
The House Transportation and Infrastructure Committee yesterday unveiled a five-year, $260 billion transportation bill entitled The American Energy and Infrastructure Jobs Act. This bill comes at a time when the current national surface transportation authorization, SAFETEA-LU, which is on its eighth extension at current funding levels since September 2009, expires at the end of March.
Company officials said this change reflects where it wants to go as a trucking company.
Taking the next steps to make its less-than-truckload (LTL) network more fluid for its largest unit, YRC, which began in earnest in October, YRC’s parent company YRC Worldwide is taking further steps that are designed to streamline and improve YRC’s efficiency.
Posted on 02/01 at 10:22 AM
Tuesday, January 31, 2012
Ocean cargo shippers can expect a slight surge in business this year, with the economic tide lifting all boats
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 12.7 percent on November 2011 compared to November 2010 at $76.7 billion.
Following a 0.6 cent gain last week, diesel prices are up 0.2 cents this week at $3.85, according to the Department of Energy’s Energy Information Administration (EIA). Prior to prices seeing gains throughout most of the last four weeks, diesel prices were down six straight weeks for a cumulative 22.7 cent decline.
Posted on 01/31 at 12:13 PM
Diesel Prices •
Earlier today, transportation and parcel bellwether UPS reported that fourth quarter revenue jumped 6 percent annually to $14.2 billion, and adjusted operating profit was up 17.3 percent at $2.024 billion. Earnings per share at $1.28 saw a 21 percent improvement, topping Wall Street estimates of $1.26 per share.
Posted on 01/31 at 11:55 AM
Logistics managers with time-critical cargo on their hands may opt for charter option
Monday, January 30, 2012
Spurred in large part by a 40 percent gain in shipments from Asia in 2011, less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) said it has expanded its Pacific Promise less-than-container load (LCL) service to ten ports in eight Asian countries.
Posted on 01/30 at 01:08 PM
Global Logistics •