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Wednesday, October 20, 2010

Leaders from Southern California’s goods movement industry today announced their unanimous opposition to Measure D

While U.S. shippers have yet to measure Intra-Asia trade will have on their sourcing strategies, one prominent ocean liner executive maintains that it will be significant

The global economic crisis of 2008 and 2009 provided significant disruptions and high demand volatility in supply chains for companies across many industries, said PRTM director, Rick Hoole. Speaking at the 2010 Supply Chain Council Executive Summit in Houston last week, he said that the degree to which companies can capture benefit from an eventual upturn will depend largely on how they deal with five key supply chain challenges.

Manufacturers and members of the nation’s supply chain community welcomed the news last week that the Department of Interior’s would be ending the offshore drilling moratorium in the Gulf Coast region.

Tuesday, October 19, 2010

The pace of the economic recovery and strategies to meet economic challenges, coupled with opportunities to refine capabilities, increase efficiencies and drive down costs, are among top of mind objectives for retail-based shippers, according to the findings of a recent study conducted by The Retail Industry Leaders Association (RILA) and Auburn University.

Class I railroad carrier Union Pacific this week officially opened its 785-acre, nearly $370 million Joliet, Illinois Intermodal Terminal. Construction on the $370 million terminal began in August 2008, with phase one completed this past August. It is located five miles south of I-80 and seven miles east of I-55.

The average price per gallon of diesel gasoline remained above the $3 per gallon for the third straight week, according to data released this week by the Department of Energy’s Energy Information Administration. For the week of October 18, the EIA reported that average diesel prices are $3.073 per gallon, a 0.7 cent increase from the week of October 11.

After nine months of steady recovery, California’s merchandise export trade showed signs of faltering in August.

Monday, October 18, 2010

Express delivery and logistics services provider DHL Express announced today it is taking further steps to leverage its international scope and reach by rolling out a new section of its Time Definite import and express services.

YRCW expects third quarter positive adjusted EBITDA with a range of $42 million to $46 million, and for the second and third quarters YRCW expects cumulative adjusted EBITDA within a range of $82 million-to-$86 million, topping the $50 million covenant level required as part of its credit agreement.