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Thursday, April 05, 2012
The PCI was up 0.3 percent in March, following February’s 0.7 percent gain. This cumulative 1.0 percent increase does not offset January’s 1.7 percent decline to start the year.
ACT reported that preliminary net orders in March for heavy-duty Class 8 vehicles in North American markets will come in around 20,000 units, while FTR Associates pegged it at 19,682 units.
Damco, a third-party logistics (3PL) subsidiary of A.P. Moller-Maersk Group, recently rolled out a new Web-based service that it said enables shippers to increase flexibility, respond quicker to changes, and reduce manual work.
Wednesday, April 04, 2012
Despite a sequential decline, non-manufacturing activity in March remained positive, according to the March edition of the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business.
In an unusual move that likely is dead on arrival in an election year, the trucking industry is asking Congress to raise the federal fuel tax on diesel in exchange for dropping a 12 percent federal excise tax on large trucks.
The TCI, which reflects tightening conditions for hauling capacity and is comprised of various metrics, including capacity, fuel, bankruptcies, cost of capital, and freight, was 5.9 in February, down from January’s 6.1 and December’s 7.0.
The specter of a recession in Europe appears to be more likely than not if it is not already happening and is reflected in volume numbers for European imports, according to the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Tuesday, April 03, 2012
Livingston International says this deal greatly expands its trade expertise and service offerings within the United States and Canada, and extends this crucial and growing part of Livingston’s business to Mexico, Europe and Asia.
Diesel prices dipped $0.5 cents to $4.142 per gallon but remained over the $4 mark for the sixth straight week, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 04/03 at 09:55 AM
Monday, April 02, 2012
The PMI, the index used by the ISM to measure manufacturing activity, was 53.4 in March, which was 1 percent ahead of February’s 52.4.