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Thursday, February 03, 2011
In an effort to expand its presence in Latin America and help facilitate global trade, UPS Capital, the financial services subsidiary of UPS, announced this week it has opened new offices in Bogota, Colombia and Lima, Peru.
Posted on 02/03 at 08:32 AM
Supply Chain Finance •
Wednesday, February 02, 2011
As the economy shows some signs of improvement, the trucking market may be somewhat ahead of the curve, according to the most recent edition of the Trucking Update by FTR Associates, a freight transportation forecasting firm.
Many shipping analysts suggest that U.S. West Coast ports should be back on their heels when it comes to discussing the Panama Canal expansion. At least one leading port authority disagrees
Legislation calling to increase competition in the railroad industry was recently introduced by Senators Jay Rockefeller (D-WV) and Kay Bailey Hutchison (R-TX).
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.
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.
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.