Pack n Send Blog

Freight Industry Outlook Good in US and Houston

Posted on Fri, Sep 03, 2010

  Shipping News Feature      

 Pack n send is monitoring Freight and Cargo Shipments both within the United State and worldwide.  This article taken from Handy Shipping   Guide highlights new strengths seen in US shipping markets.

Long Beach, California based UTi, a non asset based 3PL supply chain specialist turned in better than expected results yesterday following a general upward trend for the industry. With over 23 million square feet of warehousing in 23 countries the US company shows a pattern that seems fairly typical for the freight market at the moment. The CEO however offered a customary word of caution in today’s volatile conditions.

 Eric W. Kirchner, chief executive officer, speaking of the second quarter results said in a statement:

"Our improved results were primarily driven by strong volumes and better operating margins. Airfreight and ocean freight volumes continued to grow faster than the market and were higher than volumes recorded in the second quarter two years ago, prior to the financial crisis. Results remain tempered by yield pressure due to continued high transportation rates, and we expect these rates to remain volatile on many trade lanes for the rest of the year. We are also expecting volume growth to moderate during the second half of the year due to a slowing global economy and more difficult comparisons to the prior year.

"We continue to be encouraged by improvements in our contract logistics and distribution business, which reported solid revenue growth and higher operating margins. Client volumes improved in the quarter, particularly in retail and consumer markets, and we continue to manage our operations more efficiently. Our transformation initiatives remain on schedule and we are making good progress in all areas."

UTi saw increased operating costs, up 9% against last year but it seems although traffic volumes were higher, rates were more competitive dragging profits back somewhat. Net revenues were up 12% for the half year against 2009 at $379 million.

 For more information on Houston shipping, freight and cargo shipping, please feel free to contact pack n send at 713 266 1450.

 

 

 

Tags: Houston Freight, Houston Shipping, freight, cargo, cargo containers, Shipping, urniture freighting

Hurricane Earl- Possilbe Delays in Freight Deliveries

Posted on Thu, Sep 02, 2010

 During  Hurricane Isabelle

  

Pack n send is posting part of the information posted by MSNBC.  While we are in the process of adjusting freight shipments for our customers, and rescheduling when necessary, we are keeping an eye on the storm.

 HATTERAS ISLAND, N.C. — Hurricane Earl was barreling toward the Eastern Seaboard Thursday with winds swirling at around 145 mph, as forecasters issued a new warning for New York's Long Island and tried to work out how badly North Carolina would be hit.

With the storm expected to start hitting North Carolina later Thursday, officials expanded mandatory evacuation orders across new areas of the state's low-lying barrier islands.

The orders affect all visitors throughout Dare County as well as residents and visitors to the popular town of Nags Head, county emergency relief officials said.

Mandatory evacuations, similar to those already in effect for Hatteras Island and Ocracoke Island, were also ordered for the beach communities at Morehead City, authorities said.

The National Hurricane Center in Miami issued a tropical storm warning early Thursday for the coast of Long Island and a hurricane watch was issued for areas of Massachusetts. A hurricane warning was already in effect for the North Carolina coast.

Canadian officials also put parts of the Nova Scotia coast under a tropical storm watch.

Category 4 storm Earl, which has maximum sustained winds near 145 mph, was located about 410 miles south of Cape Hatteras, N.C., and was moving north-northwest near 18 mph.

Forecasters said the storm had strengthened slightly, but expected gradual weakening to start later Thursday. Hurricane-force winds extend outward 90 miles from its center.

Watches and warnings were posted along the Atlantic coast for most of North Carolina, Virginia, Maryland, Delaware, New Jersey, New York, Connecticut, Rhode Island and part of Massachusetts, alerting residents that hurricane and tropical storm conditions were possible within 36 to 48 hours.

No storm has threatened such a broad swath of the U.S. shoreline — the densely populated coast from North Carolina to New England — since Hurricane Bob in 1991, National Hurricane Center spokesman Dennis Feltgen said.

The last Category 4 to approach the Outer Banks was Helene in 1950, NBC News Meteorologist Bill Karins reported.

'Very significant impact'
Large swells roiled the coastline and experts warned Earl would bring dangerously high seas.

The first winds were expected to reach the North Carolina's barrier islands by Thursday afternoon and gain force during the night, though the hurricane is then expected to start weakening, the NHC said.

Tourists were largely gone from North Carolina's Outer Banks, but those resolute residents who stayed behind said they were prepared to face down the powerful hurricane. The islands jut out into the Atlantic and are frequently smacked by hurricanes and storms.

"There is still concern that this track, the core of the storm, could shift a little farther to the west and have a very significant impact on the immediate coastline. Our present track keeps it offshore, but you never know," Feltgen said.

The storm was forecast to pass just off Cape Hatteras, bringing wind gusts of up to 100 mph and several feet of storm surge both from the Atlantic and the sounds to the west of the islands.

Evacuations continued Thursday with residents and visitors leaving a barrier island in Carteret County, N.C.

Emergency services director Jo Ann Smith, of Carteret County, said she wasn't sure how many people were affected by the order to leave the Bogue Banks areas.

Unlike some of the barrier islands on the Outer Banks who had to take a ferry, Smith said people could simply leave in their cars.

 For more information on freight and cargo shipping, please contact pack n send at 713 266 1450.

 

 

 

Tags: Houston Freight, Houston Shipping, freight, cargo, cargo containers, Shipping, urniture freighting