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Thursday, January 13, 2011
An 8 percent annual increase is expected at major United States-based retail container ports in January, according to the most recent edition of the Port Tracker report by the National Retail Federation (NRF) and Hackett Associates. In November, the most recent month for which data is available, U.S. ports handled 1.23 million Twenty-foot Equivalent Units (TEU).
Oracle recently announced it has rolled out enhancements to its Oracle Transportation Management and Oracle Global Trade Management platforms. Company officials said these new features are geared to help shippers and logistics service providers “further streamline processes, reduce costs, and mitigate risks.”
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) was down 0.3 percent in November, following a 0.2 percent October gain and a 1.0 percent September gain.
Wednesday, January 12, 2011
In 2010, carload and intermodal volume rebounded from a trying 2009, but volumes are still below pre-recession levels, according to data from the Association of American Railroads (AAR).
More evidence of a rebound for U.S. West Coast ports surfaced today in recent statistical analysis
ACT said that total net orders for Class 8 vehicles and commercial trailers “surged” during the fourth quarter of 2010, signaling that trucking fleets are increasing the replacement levels of vehicles which have been put off to a large degree the last two years.
In what it described as part of an effort to extend its logistics services into new industries and geographic areas, Crowley Maritime Corporation said this week it has acquired Jarvis International Freight Inc., a Houston-based freight forwarding, export packing and logistics company primarily serving the energy, oilfield and mining industries.
Tuesday, January 11, 2011
Logistics Management regrets to report that Joseph F. H. Cutrona, former executive director of NASSTRAC (the National Shippers Strategic Transportation Council), passed away on December 25, 2010 in Naples, Florida.
On the heels of a 0.4 percent increase in November, the December edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) took a sharp turn north with a 2.4 percent increase. Prior to the gains of the last two months, the PCI was down 0.6 percent in November and 0.5 percent and 1.0 percent in September and August, respectively.
Thomas J. Donohue, in his annual “State of American Business Address” to business leaders at the U.S. Chamber of Commerce building across from the White House, is predicting 3.2 percent growth in Gross Domestic Product this year. That figure, higher than what most mainstream economists are predicting, is based on Donohue’s cautious optimism about overall economic conditions, including jobs and growth.