North American freight shipments rose modestly in September, a month usually associated with a peak season increase. This month's 2.2-percent increase can be attributed, however, more to contingency planning for the anticipated International Longshoreman's Association (ILA) dock workers strike than to a seasonal surge in orders. Although federal mediators stepped in at the last minute and negotiated a three-month extension to continue talks, many shippers had already scrambled to re-schedule October shipments for September. The alternative, should the strike have occurred, was to reroute goods to the West Coast, where carriers were charging strike surcharges ranging from $300 to $1,000.
The TT Club, a mutual insurance association, urged all participants at the International Maritime Organization's session on Dangerous Goods, Solid Cargoes and Containers to redouble their efforts to come up with a global regulation to verify the weights of containers.
Economic activity in the manufacturing sector expanded in September following three consecutive months of slight contraction, and the overall economy grew for the 40th consecutive month, according to the nation's supply executives in the latest Manufacturing ISM Report On Business.
For McCormick & Company, the ubiquitous producer of spices and flavorings, 2011 was one tough year. I'm not talking about financials; McCormick's net sales for the year were up 10.8 percent over 2010, to $3.7bn, while net income rose 5 percent, to $374.2m - not a bad performance in a sluggish economy. I'm referring to the anti-trifecta of disasters and disruptions that severely challenged the company's ability to service its customers.
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