News

Transpacific Eastbound General Rate Increase (GRI), Peak Season Surcharge (PSS) and Bunker Fuel Adjustments

The following announced levels from carriers are for General Rate Increases as well as a Peak Season Surcharge beginning on the dates listed below.

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April 2015 North American Freight Numbers

Bureau of Transportation Statistics

U.S.-NAFTA freight totaled $93.3 billion in April 2015 as all modes but air carried less U.S.-NAFTA freight than in April 2014, according to the TransBorder Freight Data released today by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). Year-over-year, the value of U.S.-NAFTA freight flows by all modes decreased by 6.8 percent. Large decreases in the value of NAFTA trade by pipeline and vessel in April were due to the reduced unit price of mineral fuel shipments.

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PRESIDENT GETTING CLOSER TO “FAST-TRACK” AUTHORITY

Over the last few weeks there have been two separate trade related bills making headlines.
Both the Trade Promotion Authority (TPA) and the Trade Adjustment Assistance (TAA) have the potential to help American workers. Understanding the purpose of each bill, and where the bill is at in Congress, can become a bit complicated. To help sift through the acronyms and related details, we have provided you a definition of each bill, as well as where the bill stands in the legislative approval process currently.

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Highway

ATA Truck Tonnage Index Rose 1.1% in May

American Trucking Associations

American Trucking Associations’advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.1% in May, following a revised loss of 1.4% during April. In May, the index equaled 132.1 (2000=100). The all-time high is 135.8, reached in January 2015.

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LOGISTICS: THE RIPPLE EFFECT ON BUSINESS FUNCTIONS

Stephen Covey, author of The 7 Habits of Highly Effective People, emphasizes we should, “Begin with the end in mind.”

If your end goal is satisfied customers, logistics offers the solutions and technologies to manage supply chains while supporting multiple business functions, all in an effort to achieve that outcome.

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Plane

Freight logisticians chalk up best year since Great Recession, but capacity issues persist

Logistics Management

A new authoritative report credits logisticians’ savvy management of their transportation networks for holding logistics costs to a historically low percentage of Gross Domestic Product (GDP).

According to the 26th Annual State of Logistics Report (SoL), the logistics and transportation industry chalked up its best year since the Great Recession, with U.S. business logistics costs rising 3.1 percent to $1.45 trillion last year.

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Logistics: Advantages to Your Overall Business

 

Are unsung heroes residing in your transportation and supply chain departments?

From their dock and warehouse surroundings, logistics professionals use information flow, physical inventory flow, and financial flow to improve company profits. Read more.

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May Cass Freight Index Report

Cass Information Systems

May shipment volume and payments have reached high points for 2015. Both indexes have been rising for the last four months after a dismal January due to bad weather and delays at West Coast ports.

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House passes bill with section on restart provision

TheTrucker.com

The House of Representatives by a narrow margin has passed and sent to the Senate the controversial FY2016 Department of Transportation and Housing and Urban Development appropriations bill that President Barack Obama said he would veto if it reached his desk without major changes, including three involving the trucking industry.

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April 2015 Freight Transportation Services Index

U.S. Department of Transportation

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 1.8 percent in April from March, declining after an increase in the previous month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The April 2015 index level (120.4) was 27.2 percent above the April 2009 low during the most recent recession.

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