It's fair to say that some mouths dropped in some quarters when word got out that the vice president of supply chain for McDonald's in the UK said he had handshakes rather than formal contracts with key suppliers. In dispensing with the written word, the fast-food chain formed long-term relationships with its partners in food, packaging and distribution, and included them in planning – even helping to set prices and volumes. Said Warren Anderson, "We don’t have contracts, but we do have our very assured supply partnerships with our food and paper suppliers," he said. "A gentleman’s handshake is just as powerful here."
Total U.S. business logistics costs in 2013 rose to $1.39tr, a 2.3 percent increase from the previous year, according to the 25th Annual "State of Logistics Report" released by the Council of Supply Chain Management Professionals and presented by Penske Logistics, at a press conference at the National Press Club in Washington, D.C. Logistics as a percent of U.S. gross domestic product declined for the second year in a row, indicating that the logistics sector is not keeping pace with the growth in the overall economy.
Think hybrids that go 60 miles on a gallon are efficient? Trains can go eight times as far with 2,000 pounds in their backseat. And they're only getting smarter.
U.S. rail traffic for 2013 saw record intermodal growth with a slight full year decrease in carloadings, according to the Association of American Railroads.
University College, the college of professional and continuing studies at the University of Denver, is offering a new major in global commerce and transportation, as part of its Bachelor of Arts Completion Program (BACP).