Thursday, May 17, 2012
Class I railroad carrier Canadian Pacific Railway Ltd. said ahead of its annual shareholder meeting earlier today that Fred Green, president and CEO, has left the company. This move comes in the wake of a proxy vote by activist investor Bill Ackman, head of Pershing Square Capital Management, and the single largest CP shareholder with a 14.1 percent stake in the company.
April volumes at the Port of Long Beach (POLB) were down 13 percent annually, according to data released by the port this week.
Wednesday, May 16, 2012
This marks the third consecutive year that supply chain concerns have increased, says BDO USA, a leading accounting and consulting organization
Housing starts were up 2.6 percent in April at a seasonally adjusted annual rate of 717,000 compared to March’s revised estimate. This represents a 29.9 percent year-over-year gain from April 2011. A nearly 30 percent increase. What exactly does that tell us—that a year ago at this time housing starts were still basically terrible or that things are really getting better. I suspect that it is a combination of both.
YRC Freight President Jeff Rogers said the decision to add drivers is due to the fact that “YRC Freight is growing and our volumes are building.”
Posted on 05/16 at 11:19 AM
YRC Worldwide •
YRC Freight •
At a time when truckload capacity remains fairly tight and is expected to remain that way, freight brokerages appear to be reaping the benefits. That was a central theme in a recent report issued by TransCore,
Despite ongoing uncertainty in Europe, exports are expected to remain a driving force of Germany's economic strength
Expectations for second quarter and into third quarter are not high as many providers expect little increase in freight at best
Posted on 05/16 at 08:05 AM
Global Trade •
Tuesday, May 15, 2012
April container volumes for the Port of Los Angeles (POLA) were markedly improved over March, with the port announcing that container volumes for the month represented the single best output for the month of April in POLA history.
Today, the benefits of sourcing from low cost countries and selling into new foreign markets are driving the vast majority of enterprise-class companies to go global. However, many of these companies are still making due with sub-standard global processes and technologies borrowed from domestic organizations.