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Monday, August 03, 2015

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.
Posted on 08/03 at 01:07 PM
NewsISMPMIPermalink


The current status of FedEx’ planned acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which was initially announced in April, remains in flux, with continued actions being taken by the European Commission.
Posted on 08/03 at 10:57 AM
NewsFedExTNT ExpressPermalink


Panjiva said that the 1 percent sequential growth was in line with typically flat growth from May to June, as higher monthly growth typically takes hold in July and August in advance of the holiday season.
Posted on 08/03 at 10:08 AM
NewsPanjivaimportsglobal tradePermalink


Hackett officials described this new offering as a short-term index that offers up “the sentiment for trade at a glance,” akin to other key economic metrics like the PMI and Consumer and Carrier confidence indices, while providing access to specifically see where a group of economic indicators are in relation to trade for the current month, too.
Posted on 08/03 at 09:09 AM
NewsGlobal TradeHackett AssociatesPermalink


Friday, July 31, 2015

While many industry analysts contend that distribution centers near U.S. East Coast ports will see a surge of new business after the Panama Canal expansion, real estate experts say this phenomena is already underway.
Posted on 07/31 at 02:56 PM
NewsWarehousePortsContainerLogisticsPermalink


A new Government Accountability Office report on the effects of changes to truck driver hours of service rules has sparked a war of words between the American Trucking Associations and Federal Motor Carrier Safety Administration, the arm of the Transportation Department that is in charge of making those rules.
Posted on 07/31 at 10:43 AM
NewsTruckingHOSGAOPermalink


The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in May dropped 10.8 percent annually to $92.7 billion, following a 6.8 percent annual decline to $93.3 billion in April.
Posted on 07/31 at 10:33 AM
NewsNAFTABTSPermalink


Carloads headed down 2.5 percent annually to 286,660, and intermodal containers and trailers remained on a growth path, up 2.3 percent to 270,952.
Posted on 07/31 at 09:59 AM
NewsIntermodalAARRailroad ShippingCarloadPermalink


Rumors of transportation and logistics titan UPS acquiring Chicago-based transportation management services provider Coyote Logistics for $1.8 billion have become a reality, with UPS announcing today that the deal is now official.
Posted on 07/31 at 08:52 AM
NewsTruckloadUPSCoyotebrokeragePermalink


Thursday, July 30, 2015

Earlier today, the United States Senate signed off on a six-year surface transportation authorization, according to various media reports. The bill, entitled the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act, passed by a 65-34 margin and comes at a time, when the most recent extension for surface transportation funding expires tomorrow, July 31.
Posted on 07/30 at 12:44 PM
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