Tuesday, March 15, 2011
Following a cumulative 29.8 cent hike over the previous two weeks. Diesel prices checked in with a 3.7 cent increase to $3.908 per gallon, noted the EIA. On an annual basis, diesel prices are up 98.4 cents.
Monday, March 14, 2011
Import shipment volume for February, measured in twenty-foot equivalent units (TEUs) decreased 9.94 percent from January and increased 9.03 percent over February 2010, reported Zepol Corporation, a trade intelligence company.
As truck tonnage levels show decent annual growth levels with capacity remaining tight, it does not come as a surprise to see the trucking spot market continue running along at a swift level. That is the consensus from TransCore which said in a recent release that truckload freight availability increased by 12 percent for the week ending March 5, according to traffic in its TransCore TrendLines report.
While most of the world’s focus was on Japan’s response to its earthquake and related crisis, trade experts were quietly working behind the scenes in Washington last week to establish a long-term strategy for rebuilding that country’s economy.
Despite an 11 percent decline in net orders for Class 8 vehicles from January to February, the fundamentals that support demand in the heavy-duty commercial vehicle market remain strong, according to ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Logistics Management Group News Editor Jeff Berman had an opportunity to speak with Rubin McDougall, CFO of global 3PL CEVA, following the company’s strong fourth quarter and year-end earnings release.
In today’s fast-moving business environment, most companies are striving to operate a more dynamic supply chain to respond to rising volatility in customer demands and market conditions. Because supply chains are increasingly powered by information technology, flexible IT-based solutions are an increasingly important part of a supply chain design. Against this background, it is no surprise that the topic of "cloud computing" is generating intense interest.
Friday, March 11, 2011
U.S. West Coast seaports and airports remain on high alert today, following the devastating earthquake that struck Japan on Friday
Retail sales continued their solid momentum with February data showing sequential and annual growth, according to data from the United States Department of Commerce and the National Retail Federation (NRF).
Carload volume at 300,953 was up 5.5 percent year-over-year and was ahead of the week ending February 26 at 296,252 and the week ending February 19 at 296,980. Carload volume was up 0.3 percent in the East and up 9.2 percent out West.