Wednesday, April 27, 2011
For U.S. exporters, reductions in oceanborne cargo service frequency due to slow steaming are problematic
Responding to a request for comments from the Federal Maritime Commission on the effect of slow steaming on U.S. ocean liner commerce, most shippers found little or no rate or service benefit.
Coming off of its first monthly decline in three months in February, truck tonnage returned to growth mode in March, according to data released by the American Trucking Associations (ATA).
Following a relatively promising report last month, European import and export volumes remain solid, according to the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Tuesday, April 26, 2011
Company officials said this new offering will provide service for Saturday deliveries into the U.S. from Mexico that need to arrive in the Midwest or Ontario, Canada by Monday morning.
Diesel prices remained above the $4 per gallon mark for the third straight week despite dropping $0.7 cents to $4.098 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Despite increasing fuel costs and harsh winter weather conditions, UPS reported today that first quarter revenue—at $12.58 billion—was up 7.3 percent year-over-year.
Monday, April 25, 2011
YRC Worldwide recently announced it is making “significant progress” in steps it is taking to meet the agreements required in its effort to achieve its financial restructuring objectives by the end of July.
Following a 15 percent decline in United States-bound waterborne shipments from January to February, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that shipments were up 4 percent from February to March.
When a Wall Street Journal article reported that rail shipping woes were impacting auto deliveries, industry experts told LM the situation is not as dire as it seems.