Friday, September 21, 2012
Staying abreast of developments that impact oil supply and demand helps shippers and carriers understand and plan for fuel price fluctuations; so the recent news coming out of Saudi Arabia must have left many in the logistics and transportation industry scratching their heads.
Carload volume—at 291,350—was down 2.9 percent annually, and intermodal—at 251,720 trailers and containers—were up 3.9 percent.
Thursday, September 20, 2012
The prospect of a strike at United States East and Gulf Coast-based ports, which was widely expected in freight transportation logistics circles in recent weeks at the end of September, is on hold—for now, at least.
Posted on 09/20 at 01:25 PM
The most important labor contract talks in freight transportation begin September 27 in Washington when UPS and the Teamsters union begin negotiations on a new contract.
Posted on 09/20 at 11:32 AM
Resolving legislative issues geared towards making the USPS more profitable and sustainable are front and center for the organization’s future, said Postmaster General Patrick Donahoe.
Posted on 09/20 at 10:36 AM
NS said it expects earnings to be in the $1.18-$1.25 range per diluted share.
Wednesday, September 19, 2012
A new white paper from global real estate firm Jones Lang LaSalle (JLL) explains how an increase in U.S. exports is driving the need for more U.S.-based strategic inland ports.
While the fiscal year 2013 first earnings forecast for FedEx was lowered due to concern about the global economy on the company’s fiscal first quarter earnings call this week, FedEx Freight, the company’s market-leading less-than-truckload subsidiary had a strong quarterly performance.
Posted on 09/19 at 10:01 AM
Tuesday, September 18, 2012
Quarterly revenue of $10.79 billion was up 3 percent from last year’s $10.52 billion, and operating income at $742 million was up 1 percent from $737 million.
Posted on 09/18 at 10:22 AM
Diesel prices headed up for the 11th straight week, heading up 0.3 cents to $4.135 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 09/18 at 07:02 AM
Diesel Prices •