Port labor accord is back with yesterday’s news that the International Longshoremen’s Association (ILA), the largest union of maritime workers in North America, and the United States Maritime Alliance (USMX), an alliance of container carriers, direct employers, and port associations serving United States-based East and Gulf Coasts, have come to a tentative agreement on new…Details
This year an estimated $2 billion owed by the U.S government to eligible businesses will go unclaimed. The funds are available through duty drawback, a U.S. Customs and Border Protection (CBP) initiative that offer businesses a refund of up to 99 percent of certain import duties and taxes paid on products that are later exported…Details
Future pricing leverage worrisome
Done right, economies of scale can lower a carrier’s average costs and the freight rates charged to their customers. Getting it right is a balance.
Over the past few years, we’ve used our June issue to address the importance of continuing education and the steps logistics management professionals can take to help recruit, nurture and retain the single most valuable asset of any organization—its people.
The Thomasville, N.C.-based carrier reported that LTL tons per day increased 15.3% in May on an annual basis, with the main drivers being an 11.0% increase in daily LTL shipments and a 3.9% increase in LTL weight per shipment. And for the second quarter-to-date period, LTL revenue per hundredweight is up 6.7% annually.Details
Falling 0.3 cents, the national diesel average now stands at $3.285 per gallon. Even with the decline, this marks the second highest weekly average since the week of December 29, 2014, when the weekly average came in at $3.213, standing only behind last week’s $3.288 average.
The index ISM uses to measure non-manufacturing growth—known as the NMI–headed up 1.8% to 58.6 (a reading above 50 indicates growth) in May. The May NMI is 0.9% ahead of the 12-month average of 58.6.
In a move that may augur a new global strategy for third party logistics (3PLs) parties, CEVA Global Logistics, LLC (CEVA) and IMS Worldwide, Inc. (IMSW) recently announced that they have entered into a Strategic Alliance to offer the benefits of Foreign Trade Zone (FTZ) services to customers in the United States.