All News Entries
Friday, July 10, 2015
Settling a widely followed lawsuit brought by more than 2,300 California workers at FedEx Ground and FedEx Home delivery, parent FedEx Corp. has agreed to create a $228 million fund and resolve a decade-long lawsuit involving misclassification of workers.
Posted on 07/10 at 01:43 AM
FedEx Ground •
Thursday, July 09, 2015
All regions are expected to see an improvement in profitability in 2015 compared with 2014.
Posted on 07/09 at 12:12 PM
Air Freight •
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry.
Wednesday, July 08, 2015
Spurred on by expected volume gains due to what is expected to be a hectic back-to-school season, United States-based retail container ports are expected to see decent volume gains in the coming months. That is the working thesis of the most recent edition of the Port Tracker report from the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
The container-shipping industry has been highly unprofitable over the past five years, note analysts with McKinsey & Company. Making things worse, earnings have been exceptionally volatile.
The company said standard service times for service into and out of Louisville will be 1-to-2 days in most parts of its direct service area, adding that shipper customers with freight in Pitt Ohio’s current direct coverage area destined for Louisville will be able to begin scheduling pickups on Friday, August 14.
Posted on 07/08 at 09:32 AM
PITT OHIO •
Tuesday, July 07, 2015
The Coalition for Transportation Productivity (CTP)called on Congress to take a close look at data recently issued by the Department of Transportation (DOT) in its “Comprehensive Truck Size and Weight Limits Study, ” and focus on reforming Interstate vehicle weight limits for six-axle trucks.
A recent report published by The Boston Consulting Group (BCG) and the Grocery Manufacturers Association makes clear the supply chain challenges consumer packaged goods (CPG) shippers are up against, with some of these challenges, specifically transportation-related ones, gaining traction in recent years.
Posted on 07/07 at 10:01 AM
At $2.832 per gallon, the average price per gallon was down 1.1 cents, following drops of 1.6 and 1.1 cents the previous two weeks and a cumulative 8.2 cent cumulative drop over the last six weeks.
Posted on 07/07 at 08:52 AM
Diesel Prices •
Monday, July 06, 2015
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.0 in June, which edged out May by 0.3 percent.