Friday, March 23, 2012
Less than a week after announcing it increased the size of shares for its IPO from 6,000,000 to 8,000,000 shares to the public at $15.75 per share, non asset-based 3PL XPO Logistics said that effort has resulted in roughly $136.7 million in net proceeds.
Posted on 03/23 at 08:44 AM
XPO Logistics •
Thursday, March 22, 2012
CEO Fred Smith says FedEx has a profitable multi-billion dollar business in Europe and it is growing strongly.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 14.3 percent in 2011 compared to 2010, increasing to $904 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
Quarterly revenue of $10.56 billion was up 9 percent from last year’s $9.66 billion, and operating income at $813 million was up 107 percent from $393 million. Its operating margin—at 7.7 percent—was up from 4.1 percent. FedEx reported earnings per share of $1.55, edging Wall Street estimates of $1.52.
According to company officials, BDP AirStar expedites shipments from Chicago, New York, and Houston to Amsterdam to immediate transit to all major European destinations. This service is part of a multi-carrier partnership BDP has with KLM, Air France, and Delta.
Amid all the fanfare made yesterday with the arrival of MSC’s “mega” vessel at the Port of Oakland, industry experts remain doubtful that this signals a Transpacific trend
Wednesday, March 21, 2012
What is all this hype about cloud-based ERP implementations? Read this whitepaper and discover why some companies are adopting cloud-based ERP implementations.
Posted on 03/21 at 02:56 PM
Total Cost of Ownership (TCO) remains a significant factor that influences Enterprise Resource Planning (ERP) strategies and decisions. However, you can no longer afford to focus on TCO exclusively.
Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, found that both United States-bound waterborne shipments and the number of manufacturers shipping to the U.S. from January to February declined, following gains from December to January.
With little chance of a new federal surface transportation bill getting signed into law before March 31, when the eighth continuing resolution of SAFETEA-LU expires, the House Transportation & Infrastructure Committee will introduce a thee-month extension.