Filed in Transportation
Thursday, August 01, 2013
In the past months, ABF Freight System and UPS Freight announced 5.9 percent general rate increases, effective May 28 and June 10, respectively. Con-way Freight will raise its LTL rates 5.9 percent on June 24. On June 10, FedEx Freight announced a 4.5 percent GRI in non-contract base rates effective July 1, and other large carriers are expected to follow suit over the next several weeks.
One needs to look no further than the futures market for evidence that analysts’ forecasts are rarely correct. In every trade, the buyer believes that prices will rise, and the seller believes the exact opposite. Not often do you see an analyst publicly reflect on a prior forecast—except, of course, when their goal is to make a “victory lap.”
Monday, July 29, 2013
American Worldwide Agencies, a global network of freight forwarders and agents based in Long Beach, recently announced that it has grown exponentially since launching its service last year.
Wednesday, July 17, 2013
U.S. shippers hoping to do business in Cuba in the future were dealt a serious setback yesterday when Panamanian authorities discovered that the renegade nation had been trading undeclared “missile equipment” with North Korea.
Monday, July 15, 2013
Despite a promising start this year, U.S. exports are failing to gain the traction needed for sustainable long-term growth.
Friday, July 12, 2013
In the not-so-distant past the great cargo seaports in our global marketplace were fairly fixed destinations, with little incentive to change.
Eighty-six percent of Domestic Fortune 500 companies use 3PLs for logistics and supply chain functions according to a new report just issued by Armstrong & Associates.
Posted on 07/12 at 07:47 AM
Monday, July 08, 2013
With Latin America poised for explosive growth over the next decade, many U.S. shippers are evaluating the risk/reward scenario for enterprise penetration.
Seasonally adjusted employment data released last week by the U.S. Bureau of Labor Statistics indicates that staffing firms added 9,500 new jobs from May to June (up 0.4%).
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Wednesday, July 03, 2013
Despite rates having fallen by 41% since New Year, carriers are poised to increase capacity from Asia to East Coast South America by more than 20% - seemingly a recipe for continued rate declines.