May retail sales see gains, reports Commerce and NRF

Commerce reported that May retail sales, at $519.0 billion, were up 0.5% compared to April and up 3.2% annually. NRF reported that May retail sales were up 0.5% in May on a seasonally-adjusted basis compared to April, and up 3.2% annually on an unadjusted basis. Source: logistics Mgmt

Read More

YRC Worldwide issues Q2 operating metrics through May

Overland Park, Kan.-based national less-than-truckload (LTL) transportation services provider YRC Worldwide, parent of the fourth- and seventh-largest trucking entities in the LTL sector, released some operating metrics for the first two months of the second quarter. Source: logistics Mgmt

Read More

TForce and CFI Logistics roll out integrated final-mile expedited logistics service

Two subsidiaries of TFI International, a transportation and logistics holding company, Dallas-based TForce, a customized final-mile logistics services provider, and Joplin, Mo.-based CFI Logistics, a trucking and logistics services provider, have partnered up to create a dedicated final-mile delivery network comprised of truckload transportation assets and logistics expertise to support high-velocity, time-definite supply chain operations. Source: logistics Mgmt

Read More

Production output sees mild May decline, with slow growth, reports ISM

The report’s key metric, the PMI, fell 0.7% to 52.1 (a reading of 50 or higher indicates growth) in May, following a 2.5% decline from March to April, a 1.1% increase from February to March, and a 2.3% increase from December to January. While an uneven growth pattern remains intact, the index has seen growth for 33 consecutive months, with the over all economy now having grown for 121 consecutive months. The May PMI reading is 4.6% below the 12-month...

Read More