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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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Imports At Normal Levels After Ratification of Contract

National Retail Federation

Import cargo volume at the nation’s major retail container ports has returned to normal levels following ratification of a new West Coast labor agreement, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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June 2015 Logistics Link

View the June 2015 Logistics Link for MIQ updates and Industry news.

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Supply Chain Efficiencies: No Hype, Just Facts.

It’s a fact: Supply chains have a quantifiable effect on productivity and financial performance. Now ask yourself, is your supply chain making a positive impact? Or could it be holding your company back?

A deeper understanding of your supply chain, expertise in supply chain management, and new technologies will go a long way to gain efficiencies.

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Employers add 280,000 jobs including 8,600 in for-hire trucking

The Trucker

U.S. employers added a robust 280,000 jobs in May, showing that the economy is back on track after starting 2015 in a slump.

The Labor Department said Friday that the unemployment rate ticked up to 5.5 percent from 5.4 percent in April. But that occurred for a good reason: Hundreds of thousands more people sought jobs in May, and not all found them.

Last month’s strong job growth suggests that employers remained confident enough to keep hiring even after the economy shrank during the first three months of the year. The government also revised up its estimate of job growth in March and April by a combined net 32,000.

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U.S. Unemployment Situation – May 2015

Bureau of Labor Statistics

Total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5 percent. Job gains occurred in professional and business services, leisure and hospitality, and health care. Mining employment continued to decline.

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