This comes on the heels of 1.9-cent and 0.4-cents decreases, respectively, over the previous two weeks.
How shippers can effectively leverage the powerful U.S.-Mexico trading environment with a solid logistics and transportation plan.
For May, the most recent month for which data is available, the SCI came in at -12.3, which is a marginal improvement over April’s -13.4, which FTR said represents an all-time low, and represents “all-time low reflecting the worse conditions for shippers ever measured by FTR.”
Total second quarter intermodal volume movements, at 4,741,054, were up 6.2% annually. This also marks a 4% improvement over the first quarter’s 4,547,247, which, heading into this quarter had stood as the best quarter for intermodal in nearly four years, going back to the second quarter of 2014.
In its 4th annual survey of manufacturers and distributors, Sikich finds that companies are facing many challenges; answers are elusive.
Carloads, at 265,338, were up 3.8% annually, which trailed the 271,201 for the week ending July 14 and the 240,154 carloads for the week ending July 7, which was likely impacted by the July 4 holiday.
FedEx subsidiary FedEx Express announced this week that it has rolled out a new flight into and out of Hanoi, Vietnam, which will connect the country’s capital to the FedEx APAC (Asian Pacific) hub based in Guangzhou, China.
Just because Rep. Bud Shuster (R-Penn.), Chairman of the House Transportation & Infrastructure Committee, is retiring from Congress at the end of his current term does not mean he is mailing it in. In fact, it appears to be quite the opposite, especially given the myriad details proposed this week under his leadership to remedy…Details
Based on comments made by its executives on yesterday’s second quarter earnings call, Peak Season prospects for global transportation and logistics bellwether UPS appear to be solid. That is a good thing, considering the strong economic outlook, driven by ongoing e-commerce activity, strong retail sales, and consumer spending, among other factors.
Total revenue, at $1.033 billion saw a 23% annual gain, with LTL services revenue up 23.2% to $1.018 billion.