Wednesday, February 09, 2011
Express delivery and logistics services provider DHL said today that it plans to spend $22.5 million to expand its hub facility at the Cincinnati/Northern Kentucky Airport to meet the growing needs of international shippers.
Posted on 02/09 at 01:45 PM
Air Cargo •
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) increased 1.5 percent in December, following a 0.3 percent decline in November.
Following an impressive 2.4 percent sequential gain in December, the January edition of the Ceridian-UCLA Pulse of Commerce Index (PCI) fell 0.3 percent in January, due, in part to harsh weather conditions throughout much of the United States.
Non asset-based third-party logistics services provider Roadrunner Transportation Services (RRTS) recently announced it has acquired all of the outstanding stock of Morgan Southern, a privately-held provider of intermodal transportation and related services for roughly $20 million.
Tuesday, February 08, 2011
In a development that may signal a shift in global marine terminal operations, Zebra Technologies Corporation announced that it has entered into a definitive agreement to sell its Navis business to Cargotec Corporation.
Keeping in line with the fourth quarter of 2010, preliminary net orders of heavy-duty Class 8 commercial vehicles for North America markets at 27,300 units were up 320 percent year-over-year in January, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, recently introduced a new, self-service Transportation Management System. Entitled Flex TMS, the software-as-a-service (SaaS) application provides shippers with integrated managed services, according to Echo.
Diesel prices continued heading north, with a 7.5 cent increase to $3.513 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). And current prices are up 74.4 cents annually.
Global third-party logistics (3PL) services provider Jacobson Companies recently announced it has established a strategic partnership with Rhenus Logistics, a European 3PL.
Monday, February 07, 2011
More than $10 million in counterfeit electronics, stolen merchandise and bank receipts have been recovered as a result of a cargo theft investigation initiated by Los Angeles Port Police.