Thursday, July 14, 2011
Menlo Worldwide Logistics LLC recently announced it has broke ground on a new 40,000 square-foot distribution management center in Singapore in an effort to expand its presence there.
Wednesday, July 13, 2011
The push for natural gas as a transportation fuel received a major boost this week, with the news that Chesapeake Energy, the second largest natural gas producer in the country, is committing $150 million into Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) dropped 1.8 percent from April to May, following a 1.0 percent decrease and a 1.9 percent increase, respectively, the previous two months.
Evidence regarding the uneven economic recovery remains apparent, according to the most recent results of the June edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) Index.
Tuesday, July 12, 2011
The container shipping industry is not the only segment of ocean carriage under severe pressure, said Moody's Investors Service
Amid gathering fears that America's economic recovery may be sputtering, California exporters posted their 19th consecutive month of healthy year-over gains in May.
Non-asset based third party logistics (3PL) and transportation services provider Greatwide Logistics Services recently announced that John P. Tague has been named to succeed Leo Suggs as CEO. Suggs will remain in his role as Greatwide chairman, according to company officials. Tague comes to Greatwide from United Airlines, where he served as president and was responsible for all airline management functions. In eight years at United, he served in various roles, including chief operating officer and chief revenue officer.
Import cargo volumes at major United States-based container ports are expected to remain at the same levels they were at a year ago this summer, with subsequent increases in the fall, according to the monthly Port Tracker report by the National Retail Federation (NRF) and Hackett Associates.
Following flat traffic growth on an annual basis in May, the Association of American Railroads (AAR) reported that both carload and intermodal volumes in June were up compared to the same timeframe last year.
Diesel prices went up for just the second time in ten weeks, according to data from the Department of Energy’s Energy Information Administration (EIA).