All News Entries
Thursday, July 09, 2015
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.
Thursday, July 02, 2015
AAR reported that June intermodal volume–at 1,117,149 containers and trailers–was up 3.7 percent, or 39,797 units, annually, which now stands as the highest-volume rail intermodal month ever recorded, according to AAR data.
This is the 26th edition of this report, which is based on monthly data from TIA member companies who submit real operating data and respond to questions on business conditions impacting the 3PL sector.
Posted on 07/02 at 09:07 AM