Friday, July 17, 2015
Total POLA volumes in June were down 2 percent compared to June 2014 at 721,802 TEU, and June volumes at POLB declined 4.4 percent annually at 583,621 TEU.
This service, which functions as an express freight service geared towards urgent, time-sensitive, and high-value international shipments, was initially launched by Big Brown in January 2013.
Posted on 07/17 at 08:57 AM
U.S. carloads were down 6.6 percent annually at 271,494, and intermodal volume was up 2.4 percent at 262,603 containers and trailers.
Thursday, July 16, 2015
June freight shipments—at 1.160—picked up where May left off in posting its highest level of the year, topping May by 0.2 percent and down 3.4 percent compared to June 2014. This gain comes at a time when the economy shows signs of “weakening,” according to the report.
With roughly two weeks until the most recent short-term extension for the federal surface transportation authorization expires, things have been brewing in both the House and Senate, with an eye on both the short-term and the long-term prospects of keeping surface transportation authorization.
For the month of June, the state of truckload and intermodal freight rates was again mixed, according to the most recent edition of the Truckload and Intermodal Cost Indexes from Cass Information Systems and Avondale Partners.
New evidence that U.S. West Coast ports are losing market share to ports in the East and some Gulf regions surfaced in a new report issued by Zepol, a global trade and intelligence provider.
Posted on 07/16 at 08:10 AM
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Posted on 07/16 at 07:52 AM
The rapid growth of omnichannel and multichannel distribution is pressuring shippers to perform to ever-higher standards, meaning warehouse managers need to find more effective ways to manage human resources.
Among companies surveyed for a recent study conducted on behalf of Kronos®, approximately half of respondents expect omnichannel costs to increase in the next 12 months. Of those, 66 percent say their labor costs are currently up 15 percent and 62 percent estimate labor costs will grow 12 percent in the upcoming months.
Clearly, without an effective labor management strategy, shippers risk losing business and wasting money.
Posted on 07/16 at 07:45 AM
Wednesday, July 15, 2015
Quarterly operating income at $1.017 billion rose 2 percent, and quarterly revenue at roughly $3.06 billion was down 6 percent, and operating ratio for the quarter dropped to 66.8 for a new all-time record.
Posted on 07/15 at 12:37 PM