All News Entries
Tuesday, December 06, 2011
A watchful eye on inventory levels by retailers kept freight shipments and expenditures down on a sequential basis for the second straight month, with mixed results annually, according to the November 2011 edition of the Cass Freight Index.
Following a 4.6 cent decline last week, the price per gallon for diesel fuel dropped another 3.3 cents this week to $3.931, according to the Department of Energy’s Energy Information Administration
Posted on 12/06 at 09:41 AM
Diesel Prices •
This new offering uses ferries, rail, and trucks transporting 12-foot containers, with goods picked up from one of several China-based locations
Monday, December 05, 2011
The ISM’s index for measuring the sector’s overall health—known as the NMI—hit 52 in November, down slightly from October’s 52.9
FedEx Ground and FedEx Home delivery rates will increase by a net average of 4.9 percent.
In a recent filing with the Department of Transportation’s Surface Transportation Board (STB), a group comprised of several rail shippers voiced their opinions as to why allowing BNSF Railway to take a write-up of roughly $8 billion based on the acquisition premium paid by Berkshire Hathaway in its February 2010 $34.5 billion acquisition of BNSF is “objectionable for many reasons.”
Friday, December 02, 2011
With its primary index—the PMI—showing signs of leveling out in recent months, the Institute for Supply Management’s Manufacturing Report on Business increased nearly two full percentage points in November to extend the growth streak for economic activity in the manufacturing sector to 28 straight months and the overall economy showed growth for the 30th consecutive month.
While the prospects of a national railroad strike were fairly high earlier in the week, the situation appears to be far less dire, with tentative agreements in place between major freight railroads and two of the three railroad labor unions that the railroads had yet to reach an agreement.
Rail traffic continues to positively trend upward, with gains on both the carload and intermodal side for the week ending November 26 according to data released by the Association of American Railroads (AAR).
Thursday, December 01, 2011
With its eye on further expanding its rapidly growing global healthcare business, UPS announced today it has agreed to purchase Pieffe Group, an Italy-based pharmaceutical logistics company.
Posted on 12/01 at 01:15 PM
Global Logistics •