Wednesday, March 30, 2011
Like its top competitor UPS said at the end of 2010, FedEx recently stated that it is not considering acquiring the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, according to a Dow Jones report.
It is unfortunate indeed, that a populist movement seems necessary now to advance a trade agenda that should be led by the Obama Administration.
Tuesday, March 29, 2011
After a 0.1 cent decline last week, diesel prices went up 2.5 cents to $3.932 per gallon, with prices up 99.3 cents on an annual basis.
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 19.5 percent in January 2011 compared to January 2010 increasing to $67.7 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics.
FedEx Express launched a new dedicated 777F route connecting FedEx World Hub in Memphis, Tennessee to South Korea with four nonstop flights a week. And UPS launched four direct flights from Hong Kong to Europe this week, which, it said, enables the company to offer the widest next-day delivery package for packages and heavy freight to Europe from Hong Kong.
The International Air Transport Association today announced scheduled international traffic for February 2011 showing increases of 2.3 percent for cargo demand compared to February 2010.
Monday, March 28, 2011
According to the PRC, the USPS advised it that due to falling mail volumes and revenues it is considering eliminating Saturday mail collection and delivery except for Express Mail and existing post office box service.
Spurred by customer demands, FedEx subsidiary FedEx Express announced it has opened up a new China-based station in Suzhou in the Jiangsu Province, which is the company’s third station in Suzhou.
While many of the major Western nations are presently united in a military effort to wipe out terrorism in the Middle East and East Africa, there’s been an ongoing “lack of will” to enforce the same vigilance when it comes to ocean piracy.
Friday, March 25, 2011
Class 8 vehicle commercial trailer net orders increased more than 25 percent—to 21,990—in February over January, according to data from ACT Research Co., a provider of data and analysis for trucks and other commercial vehicles.