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Thursday, November 11, 2010
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) was up 1.0 percent in September, following a 0.6 percent August decline.
While unemployment remained high and foreclosures were on the rise, California’s exporters turned in another strong performance in September.
Wednesday, November 10, 2010
In a move that was widely anticipated, the European Commission imposed heavy fines on eleven air cargo carriers today for price fixing
Like in previous months, stagnant freight volumes, especially on the trucking side, appear to be the norm., according to the most recent Ceridian-UCLA Pulse of Commerce Index (PCI), which reported a 0.6 percent decline in October. This decline follows a 0.5 percent and 1.0 percent declines in September and August, respectively, marking the PCI’s first three-month decline since January 2009.
FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, is continuing its global expansion efforts, with this week’s announcement that it has opened five new offices in the Europe, Middle East, and Asia (EMEA) region. The company said the new offices are in: Budapest, Hungary; Prague, Czech Republic; Madrid, Spain; Milan, Italy; and Antwerp, Belgium.
Third-party logistics (3PL) services provider Mallory Alexander International Logistics announced this week that it has acquired Tradesource Inc., an international freight forwarder based in Charleston, S.C., from Atlantic Services Group Inc.
Tuesday, November 09, 2010
Law 154, which imposes a discriminatory tax on multinational companies operating in Puerto Rico, may pose serious consequences for shippers, said The National Association of Manufacturers
Like preceding months, October rail volumes were up and down when compared to the last two years, according to data released by the Association of American Railroads (AAR). The AAR reported that monthly rail carloads for October—at 1,196, 432—were up 8.7 percent from October 2009 and down 7.9 percent from October 2008. And the weekly October average of 299,108 carloads was the highest since October 2008, topping September’s 297, 502 weekly carload average.
Metro Atlanta-based dedicated short-haul truckload carrier James Brown Contracting Inc. (Brown Trucking) recently announced it has acquired West Brothers’ Companies, a Durham, N.C.-based provider of transportation, logistics, and leasing of commercial fleet services in the southeast.
In light of the October attempt by terrorists to send explosives originating from Yemen to the United States on cargo and passenger planes, the White House and the Department of Homeland Security (DHS) yesterday issued a number of steps to augment security and tighten existing measures pertaining to U.S.-bound cargo.