The U.S. airfreight market generated revenues of $28bn in 2011, a 7.4 percent, year-over-year, increase. Although a seemingly positive development, this figure is on par with the revenues the industry recorded in the 2000-2001 financial year. Such statistics show that the U.S. - despite the domination of integrators FedEx and UPS - isn't immune to the sluggishness affecting the global airfreight market, a new study conducted by Air Cargo Management Group asserted.
Tufts Medical Center, a 415-bed teaching hospital in Boston, has saved $1.5m on stents, angioplasty balloons and other implantable devices, based on information provided by a radio frequency identification inventory-management system deployed within its catheterization, electrophysiology and interventional radiology laboratories.
The cost of ground transportation for Canadian shippers decreased by 0.5 percent in July when compared with June results, according to the Canadian General Freight Index.
There was a sharp decline in container carrier on-time performance in August, according to liner performance data released by SeaIntel Maritime Analysis.
C.H. Robinson Worldwide has agreed to purchase freight-forwarding rival Phoenix International Inc. for $635m in cash and stock options. C.H. Robinson expects the deal, which is slated to close in the fourth quarter of 2012, will modestly add to earnings per share in the first year, while boosting C.H. Robinson's international freight forwarding activities.
Looking at the 12-month period ending with July 2012, the winery-to-consumer shipping channel has grown to $1.35bn, representing 8.6 percent of the total U.S. wine retail market, according to a report from ShipCompliant and Wines + Vines Magazine.
India is changing, growing and shifting its weight in anticipation of greater maritime independence as a result of much-needed port and terminal development.
The latest news, analysis, services and systems regarding logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through logistics solutions. New technologies that provide information during local and global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics and cargo solutions to power their supply chains.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.