Tuesday, January 06, 2015
The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon of diesel gasoline dropped 7.6 cents to $3.137 per gallon, which puts diesel at its lowest level since it checked in at $3.116 per gallon the week of November 8, 2010.
Posted on 01/06 at 09:45 AM
Diesel Prices •
Federal mediators will begin working with the Pacific Maritime Association and the International Longshore and Warehouse Union to ratify a new contract.
U.S. Carloads were up 9.2 percent at 252,100, and intermodal at 181,238 containers and trailers saw a 5.4 percent annual gain.
Monday, January 05, 2015
The ISM reported that the PMI, the report’s key index to measure growth, dropped 3.2 percent to 55.5 (a PMI of 50 or greater represents growth). Even with this decline, the PMI remains in a decent spot over all. December’s PMI is 0.3 percent below the 12-month average of 55.8 and 3.6 percent below its highest reading, going back to the 59.1 recorded in March 2011.
Posted on 01/05 at 11:54 AM
On December 31, the Department of Transportation’s Surface Transportation Board (STB) said it issued a Notice of Proposed Rulemaking (NPRM) that proposes new regulations to require Class I railroads and the Chicago Transportation Coordination Office, through its Class I members, to report certain service performance metrics to the STB on a weekly basis.
Posted on 01/05 at 10:58 AM
Railroad Shipping •
Following a December 1 announcement stating that it reached an agreement to acquire Kansas City-based Freightquote.com for $365 million, global logistics services provider and freight forwarder C.H. Robinson Worldwide Inc. (CHRW) said today the acquisition has been made official.
Posted on 01/05 at 09:56 AM
2015 promises to be a year where supply chain managers will become more reliant on air cargo. Indeed, Boeing projects air cargo traffic will grow at an annual rate of 4.7 percent over the next 20 years, with global air freight traffic expected to more than double by 2033.
Posted on 01/05 at 08:59 AM
Air Cargo •
Air Freight •
Big acquisitions, an improving economy and some new players change the landscape heading into 2015.
Posted on 01/05 at 08:53 AM
Materials Handling •
Thursday, January 01, 2015
The global economic recovery moves sluggishly forward, while the domestic picture has brightened considerably. Our leading market analysts explain how shippers should ready themselves for sustainable demand and plan for incremental rate hikes.
The explosive growth of e-commerce and the impact it has had on small package and LTL deliveries has forced carriers to turn the tables and push the inefficiency penalty back to the shipper. Bottom line: It’s time to re-think your packaging—or get ready to cut a bigger check.