Thursday, July 05, 2012
FedEx said its FedEx Express subsidiary has completed the acquisition of Rapidão Cometa Logistica e Transportes S.A., a Brazil-based transportation and logistics services provider. The acquisition was initially announced in late May.
Posted on 07/05 at 10:19 AM
Global Logistics •
Tuesday, July 03, 2012
Multiregional less-than-truckload (LTL) carrier Saia said this week it has acquired truckload and brokerage services provider Robart Transportation Inc. and its subsidiary The RL Services Group LLC.
The price per gallon this week dropped 3 cents to $3.648, following declines of 5.1 cents and 5.2 cents, respectively, over the last two weeks.
Posted on 07/03 at 08:17 AM
Diesel Prices •
FedEx Express, a subsidiary of FedEx, said it has agreed to purchase 19 B767-300 aircraft from the Boeing Company. Company officials said Boeing has agreed to convert four Boeing 777s –two in fiscal 2016 and two in fiscal 2017—to 767 equivalent purchase value.
Posted on 07/03 at 07:29 AM
Monday, July 02, 2012
While manufacturing has been a constant source of strong economic growth in an economy replete with warning signs, the Institute of Supply Management’s June Manufacturing report on Business released today showed that manufacturing activity for the month was not as strong as it has been over the course of the last three years.
For the past three years, we have seen our hopes rise when it comes to the economic recovery….in the first half of the year anyhow. But that seems to change when the second half comes, and this year may be no exception.
Posted on 07/02 at 12:24 PM
The mid-year less-than-truckload (LTL) rate hike is nearly complete, with UPS Freight, the LTL subsidiary of UPS announcing a general rate increase (GRI) of 5.9 percent, effective July 16.
Posted on 07/02 at 10:04 AM
The ongoing economic malaise in Eurozone nations is not likely to see any meaningful signs of improvement in the near future. That was the main message in the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
The House approved the bill, which adopts the name of the Senate’s version, MAP-21 (Moving Ahead for Progress in the 21st Century), by a 373-52 margin, and the Senate signed on with a 74-19 vote. The bill was awaiting President Barack Obama’s signature for it to be signed into law at press time.
Sunday, July 01, 2012
The logistics industry has yet to climb back to the profitability it hit in 2007–the precipice from which it dropped during the recession. According to the report’s author and industry analysts, it may be a while until the overall industry hits full stride again.