Chief financial officers in the transportation industry have grown more optimistic about their industry and the overall economy, according to GE Capital's latest Middle Market CFO survey.
Professor Yossi Sheffi, director of the MIT Center for Transportation and Logistics, describes the development of logistics clusters and their considerable economic advantages, which include the creation of steady, well paying jobs for both blue- and white-collar workers.
As part of its Supplier Management program for global ocean and airfreight forwarding, UPS has introduced Order Watch, a cloud-based technology platform.
Any time merchants can cut costs, they're in a better position. They can either lower their prices, allowing them to be more competitive, or they can pocket the savings and earn higher margins.
Ryder System, Inc. reports that its fleet of 250 natural gas vehicles have surpassed six million miles. The fleet consists of 35 liquefied natural gas and 215 compressed natural gas tractors, running in 32 customer operations in California, Arizona and Michigan.
Logistics service providers and freight forwarders are optimistic that the economy will continue to grow, and provide opportunities for expansion in 2013, according to a survey by Transport Intelligence, a global logistics research firm, and Kewill, a provider of trade and logistics software.