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Industry News
FedEx reports mixed fiscal first quarter earnings
Fiscal first quarter earnings for FedEx were mixed, based on results announced by the Memphis-based transportation and logistics bellwether yesterday.
Singapore exchange leads $44.4 million round, backing Freightos’ global freight platform
The Freightos global rate database also drives the Freightos Baltic Index (FBX) in collaboration with the Baltic Exchange – which is part of the SGX group.
Diesel average is up for first time in four weeks, reports EIA
The national average price per gallon for diesel gasoline saw a 1-cent increase this week to $3.268 per gallon, according to data issued by the Department of Energy’s Energy Information Administration (EIA).
Five Ways to Reduce Freight Costs with Easier Data Analytics
For most shippers, the challenge to reduce freight spend isn’t about setting up cost-saving programs. It’s about gaining visibility into shipping data to support their decisions. Join us to learn how transportation-focused data analytics tools are facilitating easier decision making for shippers.
Holiday hiring time has arrived for the transportation and logistics sector
The time for holiday hiring has arrived, with three of the biggest households in the freight transportation and logistics sectors-UPS, FedEx, and XPO Logistics, each making announcements to that effect over the last few days.
AAR’s Hamberger lauds progress of Positive Train Control at House hearing
As the late December deadline for the implementation of Positive Train Control (PTC) by United States railroads gets closer, the overall outlook for PTC looks encouraging.
U.S.-bound imports are down sequentially and up annually in August, reports Panjiva
Coming off of an all-time monthly high for United States-bound waterborne shipments in July, August levels, while still strong, were down slightly, according to data recently issued by global trade intelligent firm Panjiva.
Total Omni-Channel Logistics Leaders: Top 5 Inventory Insights for 2018
One tried and true supply chain discipline continues to impact omni-channel success – the management and optimization of inventory.
Cass Freight Index highlights strong August shipments and expenditures output
August freight shipments, at 1.227, rose 6% annually and were off 1.4% compared to July, and August freight expenditures, at 2.917, increased 16.7% annually and were up 0.6% compared to July.
Commerce and NRF report August retail sales gains
Commerce reported that August retail sales, at $509 billion, were up 0.1% compared to July and were up 6.6% annually. NRF also reported a 0.1% gain from July to August, with its data excluding automobiles, gasoline stations, and restaurants. Compared to August 2017, it reported a 5% gain, with the economy continuing to show strength amid concerns over the trade war.