All News Entries
Friday, July 13, 2012
Covering roughly 13 acres, company officials said the hub can process up to 20,000 documents and 20,000 parcels per hour.
Carload volume—at 243,156—was down 1 percent annually, and intermodal—203,362 trailers and containers—were up 5.6 percent.
Thursday, July 12, 2012
June truckload rates were up 3.9 percent compared to June 2011, and intermodal was up 0.6 percent.
While transportation and logistics bellwethers UPS and FedEx are well-established in all corners of the world, one area where their presences could be even greater felt is China.
Company officials said the eight-door, five-acre facility will serve as a gateway to the Great Lakes shipping area in northern Minnesota and northwestern Minnesota.
Posted on 07/12 at 10:03 AM
Wednesday, July 11, 2012
The BTS said that the May TSI at 109.6 was unchanged from April and is 16.3 percent higher than April 2009’s low point during the recession.
The recent successful implementation of significant rate restoration initiatives by carriers in the core east-west trade lanes means that most are now operating above break-even, said analysts with Drewry’s Container Research – a London-based industry think tank
The report is calling for July import cargo volume to increase 1.6 percent annually, with modest annual gains expected in subsequent months into the holiday shipping cycle.
Tuesday, July 10, 2012
After slow but steady improvement over the first half of this year, small business optimism soured considerably in June, said analysts at IHS Global Insight
Posted on 07/10 at 02:27 PM
Supply Chain •
The TCI, which reflects tightening conditions for hauling capacity and is comprised of various metrics, including capacity, fuel, bankruptcies, cost of capital, and freight, dipped 4.0 points from 9.1 in April to 5.1 in May, the most recent month for which data is available.
Posted on 07/10 at 09:30 AM
FTR Associates •