Logistics Business Intelligence
By David Hannon -- Purchasing, 12/11/2008 2:00:00 AM
3.4%
Decline in UPS' 3Q domestic package volumes
Source: UPS
WHAT IT MEANS: According to Big Brown, air products declined 6.4% and ground volume decreased 2.8%. "Based on economic forecasts, we anticipate a challenging environment for a number of quarters going forward," said Kurt Kuehn, UPS' CFO.
After spiraling up this summer on record-high fuel costs, transportation costs are heading down fast, say buyers in Purchasing's monthly survey.
20%
Decline in container shipments through Port of Seattle in September
Source: BMO Capital Markets report
WHAT IT MEANS: Through the first nine months of 2008, container traffic at Seattle was down 11.2%, as global economies have slowed. However, export traffic at the smaller port of Tacoma has increased as the value of the dollar pushed more exports.
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