Wednesday, February 09, 2011
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) increased 1.5 percent in December, following a 0.3 percent decline in November.
Following an impressive 2.4 percent sequential gain in December, the January edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) fell 0.3 percent in January, due, in part to harsh weather conditions throughout much of the United States.
Non asset-based third-party logistics services provider Roadrunner Transportation Services (RRTS) recently announced it has acquired all of the outstanding stock of Morgan Southern, a privately-held provider of intermodal transportation and related services for roughly $20 million.
Tuesday, February 08, 2011
In a development that may signal a shift in global marine terminal operations, Zebra Technologies Corporation announced that it has entered into a definitive agreement to sell its Navis business to Cargotec Corporation.
Keeping in line with the fourth quarter of 2010, preliminary net orders of heavy-duty Class 8 commercial vehicles for North America markets at 27,300 units were up 320 percent year-over-year in January, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, recently introduced a new, self-service Transportation Management System. Entitled Flex TMS, the software-as-a-service (SaaS) application provides shippers with integrated managed services, according to Echo.
Diesel prices continued heading north, with a 7.5 cent increase to $3.513 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). And current prices are up 74.4 cents annually.
Global third-party logistics (3PL) services provider Jacobson Companies recently announced it has established a strategic partnership with Rhenus Logistics, a European 3PL.
Monday, February 07, 2011
More than $10 million in counterfeit electronics, stolen merchandise and bank receipts have been recovered as a result of a cargo theft investigation initiated by Los Angeles Port Police.
UPS announced earlier today that it has expanded its UPS Express Freight service into Israel and Slovakia. Company officials said that this effort will serve expanding hubs for high-tech, industrial, and automotive shippers.
Posted on 02/07 at 01:36 PM
Global Logistics •