Thursday, April 30, 2015
The recent Iranian seizure of a cargo vessel in the Strait of Hormuz has created a national security problem for the United States
Wednesday, April 29, 2015
Even if things on the economic front “feel” better, does that mean they actually are better? Honestly, that question bears repeating and is worth asking in light of today’s first quarter GDP estimate from the United States Department of Commerce.
Posted on 04/29 at 11:13 AM
Richard Peretz, UPS Corporate Controller and Treasurer, will assume the role of Chief Financial Officer, replacing Kurt Kuehn, whom will be retiring following a 38-year career with Big Brown.
Posted on 04/29 at 10:29 AM
Since its inception in September 2011, non asset-based 3PL XPO Logistics has made several acquisitions. And that process it has established itself as a player in myriad markets through its growth by acquisition strategy. Yesterday, it took things on the acquisition front to a new level, announcing it plans to acquire Lyon, France-based 3PL Norbert Dentressangle SA for $3.53 billion.
Tuesday, April 28, 2015
With congestion issues and seaport gridlocks plaguing the transportation industry, air freight volumes are back on the rise. According to JLL’s annual Airport Outlook Report, global air cargo saw a 4.5 percent annual increase in 2014 and the forecast calls for 5 percent growth in 2015.
Posted on 04/28 at 01:27 PM
Air Cargo •
With a 3.1 cent increase, this week’s average price is $2.811, following last week’s 0.26 cent boost. The gains over the last two weeks come on the heels of a cumulative 16.3 cent decrease over the previous five weeks.
Posted on 04/28 at 12:24 PM
Diesel Prices •
Transportation and logistics bellwether UPS began 2015 in solid fashion with first quarter revenue up 1.4 percent at $14.0 billion and operating profit up 11 percent at $1.7 billion. Earnings per share were up 14 percent at $1.12, which exceeded Wall Street expectations of $1.09, while revenue was shy of the Street’s $14.27 billion estimate.
Posted on 04/28 at 10:04 AM
Monday, April 27, 2015
Last week, the United States Department of Transportation took further steps to address various issues identified in recent train accidents involving crude oil and ethanol shipped by rail. The announcement was made by DOT with other DOT agencies, including the Federal Railroad Administration (FRA) and the Pipeline and Hazardous Materials Safety Administration (PHMSA).
Posted on 04/27 at 02:16 PM
Logistics Management Group News Editor Jeff Berman had an opportunity to interview Derek Leathers, President and Chief Operating Officer of Werner Enterprises, at this month's NASSTRAC Shippers Conference and Transportation Expo in Orlando. They discussed various aspects of the truckload market, including prices, fuel, and regulations.
Posted on 04/27 at 11:21 AM
During this webcast our presenters will apply the findings of the 23rd Annual Trends & Issues in Transportation and Logistics Study to the world of shipper-carrier decision making. They'll examine the primary aspects that will influence the future direction for shipper-carrier decision-making.