Thursday, November 01, 2012
In anticipation of the Panama Canal expansion in 2014, the fight for market share of inbound cargo remains fierce among top U.S. ports.
After being battered by three years of recession that decimated profits, LTL carriers are now focusing on improving yields and profitability in order to recapitalize their rolling stock. Now shippers need to cope with a new era of tighter capacity, higher rates, and tougher carrier negotiations.
Following three straight months of declining manufacturing output, the Institute for Supply Management (ISM) reported today that the manufacturing sector grew in October for the second straight month.
RedPrairie and JDA officials said that the combined entity will “offer a broad portfolio of solutions and services to manage global supply chains—from raw materials, to finished products, into the hands of customers—through any channel.”
Posted on 11/01 at 11:04 AM
I’m pleased to announce that the National Industrial Transportation League (NITL) and Logistics Management
) magazine are presenting Bill Graves, former Governor of Kansas and current president and CEO of the American Trucking Associations, with the 2012 McCullough/NITL Executive of the Year Award.
The Netherlands Authority for the Financial Markets (AFM) granted an exemption to extend the Offer Period for the proposed acquisition of TNT by UPS.
Posted on 11/01 at 09:00 AM
TNT Express •
If you hate paying extra for baggage on flights, you will be unhappy with this news. The Commodity Classification Standards Board (CCSB), a voluntary rules committee representing 845 motor carriers, has passed a ruling that classifies pallets as a commodity subject to density rules and therefore potentially higher rates.
One hallmark in the era of permanent volatility is fluctuating commodity prices: everything from aluminum (variations up to 30 percent in 2012) to zinc (variations up to 25 percent in 2012). The result is endless headaches for people and departments in virtually every industry: the procurement folks buying materials; the logistics and transportation staff moving it; the finance guys forecasting expenses; and even the sales and marketing staff struggling to pass unanticipated cost increases on to customers.
With the presidential election just around the corner, divisive and intentionally misleading partisan talking points on energy have come to dominate the media.
An article in our local newspaper lamented the plight of individuals who live in the suburbs and rely upon bus service to get them to work, often at odd hours. Poor ridership has caused some towns to question the need for increased taxes to subsidize the service, while the metro transit authority cites insufficient revenue.