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Thursday, May 05, 2011
First quarter earnings for Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, saw total revenue-at $129.4 million-increase by 45.3 percent compared to the first quarter of 2010.
ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said this week that a preliminary reading of heavy-duty Class 8 commercial vehicles net orders for North American markets hit 32,800 units in April.
FedEx subsidiary FedEx Trade Networks, the company's global trade arm, said this week that it is continuing its global expansion efforts with the opening of five new offices in its Europe, Middle East, and Africa (EMEA) region.
The Dedham, Mass.-based firm said that the TMS market has "bounced back" after the global recession, growing faster than the rate of inflation in 2010, with significant growth forecasted through 2015.
Americans are significantly more concerned about nearly all aspects of their security compared to six months ago, according to new research conducted by Unisys Corporation.
Wednesday, May 04, 2011
Like its companion report, which focuses on manufacturing, the Institute for Supply Management's (ISM) Non-Manufacturing Report on Business showed positive growth for the 17th straight month in April. The ISM’s index for measuring the sector’s overall health—known as the NMI—was 52.8 in April, 4.5 percentage points lower than March's 57.3. Even with the sequential decline, a reading above 50 represents growth.
Posted on 05/04 at 12:19 PM
The Senate Commerce Committee announced today that it will hold a hearing on Tuesday, May 10 to review the Transportation Worker Identification Credential (TWIC) program. The hearing is entitled "Are our Nation's Ports Secure? Examining the Transportation Worker Identification Credential Program."
Posted on 05/04 at 10:32 AM
Tuesday, May 03, 2011
Nearly four months after global industrial real estate bellwethers ProLogis and AMB Property Corporation announced they signed a definitive agreement to pave the way for a merger, ProLogis officials said that the company has scheduled a special meeting of its shareholders to consider and vote upon the merger.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 11.8 percent in February 2011 compared to February 2010 increasing to $66.5 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
A week ago, prices fell 0.7 cents to $4.098 per gallon, and the previous week the average price was up 2.7 cents per gallon. When diesel hit $4.078 per gallon the week of April 11, it marked the first time diesel has been above the $4 per gallon mark since the week of September 15, 2008, when it hit $4.023.
Posted on 05/03 at 08:41 AM