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Wednesday, March 02, 2011
An improving economy led by various drivers for logistics services laid down the foundation for strong demand for logistics space during the second half of 2010, according to a new report from commercial real estate firm Grubb & Ellis, entitled "Logistics Market Trends United States Second Half 2010."
An improving market in the trucking sector is apparent, according to the most recent edition of the Trucking Update from FTR Associates, a freight transportation forecasting firm. FTR said that its Trucking Conditions Index (TCI), which is a compilation of factors affecting trucking, ticked up to 9.1 in January from December’s 7.1, adding that the TCI has seen steady gains since last October.
Tuesday, March 01, 2011
Momentum in the manufacturing sector is continuing at a strong pace, based on the most recent results of the Institute for Supply Management’s (ISM) February Manufacturing Report on Business.
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said yesterday that it has reached an agreement in principle with key stakeholders for a comprehensive restructuring plan.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 13.8 percent in December 2010 compared to December 2009, increasing to $66.5 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
Class I railroad carrier Canadian Pacific recently announced that it has signed a collaboration agreement on performance and productivity with the Montreal Port Authority, which it said formalizes CP’s and the port’s ongoing supply chain collaboration.
Diesel prices saw their single largest weekly price hike since a 14.6 cent increase during the week of June 8, 2009, with a 14.3 gain, bringing the price per gallon up to $3.716, according to data from the Department of Energy’s Energy Information Administration (EIA).
The International Air Transport Association announced international scheduled traffic results for January showing a 9.1 percent growth in air freight compared to January 2010
Monday, February 28, 2011
Most recent continuing resolution to keep SAFETEA-LU funding at current levels expires on Friday, March 4.
USPS officials said that this is a formal request to move Commercial First-Class Mail Parcels from the market-dominant product list and add “Lightweight Commercial Parcels” to the competitive product list.
Posted on 02/28 at 08:54 AM
Parcel Shipping •