The index ISM uses to measure non-manufacturing growth—known as the NMI––fell 0.7% to 58.8 in March (a reading above 50 indicates growth), which is slightly below February’s 59.5 and also below January’s all-time high NMI reading of 59.9.
According to Fitch Ratings in its latest U.S. Transportation Trends special report, recent trade friction between the United States and China and the prospects for higher interest rates are not likely to affect growth for the major transportation segments for the foreseeable future.
Florida’s geography is convenient to global markets and serves as the perfect conduit for Asia-focused container trade. Florida Ports, seaport white papers, Benefits of using florida ports
Impact of Trade Tarrifs 2018, Chinese American Trade Tarrifs, Trade Tarriff News, Trump Trade Policies, Tariffs and Logistics Management
The air forwarders, third-party logistics (3PL) providers, drayage, warehouse and airport operators are experiencing a revolution well beyond the decade of security-focused investments that had captured so much attention. 3PL technologies for Air Cargo, Air Freight Technology Trends 2018
In his new book, MIT’s Sheffi argues that companies need to find the right balance between investments in sustainability and maintaining their competitive advantage. Corporate sustainability, carbon reduction and the supply chain.
Taking steps to further expand its e-commerce, omni-channel fulfillment, and last mile service offerings, freight transportation and logistics services provider Ryder System Inc. said today it has acquired all outstanding equity of MXD Group for roughly $120 million.
Analysts and logistics service providers agree that increasing protectionism and restrictions on trade can only hinder the free flow of goods between nations—and certainly can’t be in the interest of the global transport and logistics sector. European Trade and Logistics Report, Brexit implications, European Union Trade Report, Global Trade trends
Total third quarter invoice revenue for all TIA member study participants—at around $2.8 billion—was up 17% percent annually, and total shipments—at 1,439,237—increased 7.8%. The average invoice per shipment of $1,951 rose 8.5%, with profit margin percentage down 100 basis points to 14.6 percent. Key fourth quarter metrics by mode included:Truckload: shipments up 7% annually at…Details
With a 3.2-cent increase, the average price now stands at $3.042 per gallon, following last week’s 3.8-cent increase to $3.010 per gallon.