All News Entries
Wednesday, October 19, 2011
As it has done many times in the past, Class I railroad carrier CSX led off the rail earnings season with a strong performance, reporting record-setting third quarter earnings of $506 million and $0.43 per share.
Even though a true 2011 Peak Season did not live up to once-promising expectations, import cargo volumes at major United States-based container ports are expected to see a 2.6 percent annual increase in October, according to the monthly Port Tracker report by the National Retail Federation (NRF) and Hackett Associates.
At a time when it is facing myriad financial headwinds, the United States Postal Service (USPS) announced yesterday that it has raised prices for various services and products, effective January 22, 2012.
Posted on 10/19 at 10:23 AM
Tuesday, October 18, 2011
Freight broker and third-party logistics (3PL) services provider Total Quality Logistics (TQL) said this week it has relocated its Chicago office to the West Loop area of the city.
Ocean cargo shippers will have access to more than a million twenty-foot equivalent units (TEUs), thanks to the continuing introduction of new vessel capacity.
Total September volume at the Port of Los Angeles of 705,623 TEU was down -0.84 percent compared to September 2010.
September volumes were 3.2 percent better than August and were up 45 percent compared to September 2010, marking the highest spot market freight availability since the aftermath of Hurricane Katrina in 2005
After five straight weeks of declines, the price per gallon for diesel gasoline spiked 8 cents to $3.801 per gallon, according to the Department of Energy’s Energy Information Administration.
Monday, October 17, 2011
In another important milestone of its Expansion Program, the Panama Canal Authority announced the completion of phase three of the dry excavation project in the construction of the Pacific Access Channel
Shipments and the number of global manufacturers shipping to the U.S. are both down 8 percent from August to September.