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Thursday, April 07, 2011
According to IDC group vice president, Bob Parker, Toyota is losing $80 million per day largely due to several strategic suppliers being located in the Northeast
UPS said that 69 percent of the 1,136 IBT members that voted approved the contract which covers 1,200 aircraft maintenance technicians and employees in related trades at UPS, by a 69 percent to 31 percent margin.
Company officials said this effort is possible due to legislation recently passed by the New Mexico state legislature and signed into law by Governor Susan Martinez, which grants Union Pacific a locomotive fuel tax deduction, coupled with a $400 million investment by UPRR.
Wednesday, April 06, 2011
Upon ratification by union membership in the next two months, this deal will run through May 20, 2015 and impact roughly 205,000 employees, according to USPS officials.
March shipments at 1.108 were up 13.8 percent annually and 6.5 percent compared to February’s 1.036, with shipments above for the 1.0 mark for the tenth straight month going back to May 2010’s 1.014 breaking the 1.0 level for the first time since November 20008.
When ocean shipping’s “peak season” comes to end next fall, one of the industry’s leading port directors will be stepping down.
ACT reported that a preliminary reading of heavy-duty Class 8 commercial vehicle net orders for North American markets increased to 29,200 units in March, representing the largest monthly order intake since May 2006.
Tuesday, April 05, 2011
Company officials said the new 104,000 square-foot location, with more than 85,000 square-feet for distribution, provides shippers with expanded service offerings, including freight forwarding, customs brokerage, and distribution services.
The ISM’s index for measuring the sector’s overall health—known as the NMI—was 57.3 in March, 2.4 percentage points less than February’s 59.7. But despite the slight decrease, a reading above 50 represents growth.
Non asset-based third-party logistics (3PL) services provider Transplace said today it has acquired Philadelphia-based SCO Logistics, a 3PL serving the chemical industry. Financial terms of the deal were not disclosed.