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September 8, 2008
Logistics News: Open Book Partnerships between Logistics Service Providers/3PLs and Clients | www.scdigest.com
Supply chain management is a dicey business today and the risk factors are more diverse, more plentiful, more global, and more consequential than ever before. Not only simply an insurance issue, supply chain managers have learned that responsibility and accountability is now compulsory throughout the entire chain making open partnerships indispensable.
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August 29, 2008
Diesel gives truckers a break, but for how long? | biz.yahoo.com
Do not let the price of diesel down for the 6th straight week, a first half of the year capacity loss of probably a 100,000 tractors, North American Truck production numbers of only 69,000, GDP growth of 3.3% and lower than expected jobless claims make anyone think that we should expect much of the typical peak season this year.
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The High Cost of Oil, already a burden on Logistics is just starting to raise its Ugly Head
August 25, 2008
Diesel prices: industry experts comment on impact of high oil prices on logistics | www.logisticsmgmt.com
The high cost of fuel has significantly changed the basic assumptions on which global supply chain practices were built and current global transport costs are making it imperative that we rebalance the global logistic equation.
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Chinese Logistics is like Mexico Cubed (10-4th)
August 22, 2008
Growing pains for China's 3PL market | www.cargonewsasia.com
The fact that the total market share of the top 10 logistics providers in China is only 13 percent certainly spells “opportunity”, but do not think that it will happen over night.
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Transport Costs force change in World Trade and for the Transport Companies that Serve.
August 13, 2008
Transport costs could alter world trade | www.usatoday.com
Unlike the past when the transportation sector was painted with a broad brush, individual corporate operational models make a difference. No longer is a single service or limited service approach sufficient enough to sustain the changing dynamics within the transportation sector. A much more “total transportation” approach is required. Shippers want to know the fastest, cheapest and / or safest way to get their goods from point ‘A’ to point ‘B’ and in today’s environment that may require more than just a truck.
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International Couriers increase efforts in China
August 6, 2008
Chinese courier companies struggle to deliver | www.chinadaily.com.cn
In the face of reduced fuel subsidies’ in China, domestic couriers are finding the international competition challenging. Struggling to swallow a 16 percent increase in fuel prices since late June, many of the estimated 100,000 private couriers are finding price hikes difficult.
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How Much Longer Can Covenant Transportation Last Without a Profit?
July 30, 2008
Covenant Transportation Group Announces Second Quarter Financial and Operating Results | www.marketwatch.com
Covenant Transportation has not made a profit since 2006 and with an Operating Ratio of 100.2% for the second quarter, 2008 is beginning to look doubtful as well.
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July 16, 2008
Do It All, Do It Now, Do It For America | www.humanevents.com
It is important to reject tiresome arguments about false tradeoffs between more energy versus new technology versus conservation. It can all be done at the same time and with the same intensity of speed and effort, so say an overwhelming number of Americans in three separate polls cited in the source article.
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Intermodal Will Remain the Fastest Growing Segment in Transportation for Years to Come
July 15, 2008
Are fuel prices driving a domestic intermodal shift? | www.logisticsmgmt.com
Intermodal is the fastest growing segment in transportation today and has quadrupled since 1980. Discounting economic fluctuations and domestic growth aside, international trade by itself should assure continued growth, especially taking into account our recent 35% growth in exports.
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Like Congress on High Oil Prices, Karl Rove is Silent
July 15, 2008
Pull Up a Chair, Mr. Rove | www.washingtonpost.com
Rep. Linda Sanchez (D-Calif.), chairman of the House Judiciary subcommittee holding a hearing on former chief strategist to President Bush, Karl Rove’s behavior in the firing of nine U.S. attorneys in 2006; play a Woody Allen stunt by talking to an empty chair while oil is $147, Freddie and Fannie are near collapse and the Dow hits 10000.
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As the price of Diesel increases, Perspectives on Trucking, Drilling and Energy Production Change.
July 1, 2008
Keep America Moving | www.washingtonpost.com
In Mr. Brown’s Washington Post source article, he correctly points out how everyone’s perspective may change differently as the price of oil increases, but change it will. And as people begin to understand that much of the current 4% to 5% increase they see in the cost of goods can be attributed to increased trucking and logistics cost, (a direct reflection of increased diesel prices) the speed of which their perspective changes will increase.
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How High Will Crude Have to Go Before We Can Stop Shouting at the Rain!
June 27, 2008
Bush's last gasp on oil | seattletimes.nwsource.com
Whether it is demand destruction, increased development of alternatives and renewables, increased conservation or increased drilling, any hidden benefits found in high oil prices will not out weigh the damage that is being done to business, individuals and our economy. And although it is obvious in reading the source article that oil prices have not reached the tipping point yet, it certainly can’t be far.
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Dr. Daniel Yergin testifies in front of Congress today on Oil
June 26, 2008
Oil speculation: The great debate | money.cnn.com
After listening to Pulitzer Prize winner Dr. Daniel Yergin, Chairman of Cambridge Energy Research Associates (CERA) tell the Senate, nothing less than development of a joint, comprehensive energy policy will fail to solve our current energy crises; it simply confirms my fears that any solution is beyond the abilities of our current Congress.
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Milton Freidman said, "Too Much Money chasing too Few Goods"
June 25, 2008
The Return of Inflation? | www.washingtonpost.com
Although we have yet to experience the wage-price spiral that precipitated the extreme inflationary period of the 60’s and 70’s we are encountering the rising price in raw materials. Oil was $25 a barrel, corn $2.30 a bushel and copper $.70 per pound in 2002, yet $140 per barrel, $7 a bushel and $3.80 per pound respectfully are today’s highs. In the meantime, the price of manufactured imports (a powerful anti-inflationary force) is being driven higher by a weaker dollar and higher transportation costs. As cited in the source article; in the past year, prices for imported consumer goods (excluding autos) are up 3.6 percent.
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The Cost of Logistics Next Year may make 10.1% of GDP a Fond Memory
June 24, 2008
Logisticians "survive the slump," but costs hit 10.1 percent of GDP | www.scmr.com
Considering record bankruptcies, the dramatic steps taken by Trucking Company’s to reduce excess capacity and the unquestionable rate increases that are certain to follow any economic recovery may make $1.4 trillion in Logistics Cost (10.1% of GDP) nothing more than a fond memory.
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Third Party Logistics Operations appear to be Darling of Wall Street
June 23, 2008
Third-party logistics firms escape slowing economy | www.reuters.com
Third Party Logistics firms having grown 7.4% in gross revenue in 2007 are continuing strong growth in 2008. And those that seem to post the greatest gains seem are those that operate an asset light model.
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Although I suspect Bittersweet for the Many, These Jobs May be a Pyrrhic Victory for the Few.
June 13, 2008
Stung by Soaring Transport Costs, Factories Bring Jobs Home Again | online.wsj.com
The return of American jobs due to the cost of high oil as cited in the source article, as good as it will be for some, reminds me of the Doctor that told me; “I am going to zero out my taxes, I don’t give a damn what it costs me.”
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Specific Steps that Vulnerable Small and Medium Trucking Companies May Want to Consider.
June 10, 2008
Why oil prices will tank | money.cnn.com
Last Friday, 6/6/08 was a significant day for the financial markets and mercantile exchanges. A one day increase of $10.75 (largest one day gain ever) in Oil, a loss of 400 points, a .5% increase in unemployment and a 3.3% decrease in the Dow Transports are all indicators that any sustained economic recovery won’t be here till 2009. Having forecasted stabilization in transportation rates, 2% GDP growth and $85 Oil for the 3rd quarter, it is clear that any possible growth has been sucked out of the economy. (I called fellow GLG analysts Jay Thompson over the weekend and conceded the coca-cola that we bet. He was gracious)
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How Many Oil Refineries Can You Build for $600 Billion in Oil Money? 20? 30? 60?
June 6, 2008
Oil Refinery May Help Gas Prices | www.keloland.com
Elk Point, SD has accomplished what has been attempted for over 30 years. They have successfully passed a referendum that will allow the building of a new oil refinery. Scheduled for completion in 2014, it will refine 400,000 barrels of Canadian Crude per day. Needed today in order to stop the current importation of 10% of our gasoline, how many more could we build with the $600 billion we will spend this year on imported oil? That is 4.6% of our Gross Domestic Product (GDP).
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For $600 Billion in Oil Money, We Could Build High Speed Rail (HSR) from Coast to Coast
June 6, 2008
Report raises questions about paying for high-speed rail | www.mercurynews.com
We will spend $600 billion this year on imported oil. That is 4.6% of our Gross Domestic Product (GDP). At a estimated cost per mile of $50 million (have seen European cost of High Speed Rail range from $35 million to $70 million), we could build a High Speed Rail (HSR) network from LA to NY and back.
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