Archived

Management Update: Open Skies now a reality.

The U.S. and the European Union reached an agreement on an expansion of their historic 2007 Open Skies accord that will provide for greater U.S-EU cooperation on a wide range of aviation issues. The agreement was concluded after eight rounds of talks, the most recent of which included three days in Brussels, Belgium. This makes good on President Obama's promise to European leaders that such an understanding would be met this year.

Management Update: Federal highway and transit funding secured.

The uncertainty surrounding federal highway and transit funding received a respite through the rest of this year when the Senate voted to pass the $18 billion Hiring Incentives to Restore Employment Act, followed by President Obama signing it into law. This follows a series of continuing resolutions—or extensions—to keep funding afloat at current spending levels, following the September 2009 expiration of SAFETEA-LU. This measure also ensures that the Highway Trust Fund (HTF) remains solvent during that period through a $19.5 billion transfer from the United States General Trust Fund.

Management Update: FedEx fiscal Q3 takes off.

In a sign that the economic recovery is making progress, FedEx announced last month that net income for the fiscal third quarter of $239 million was up 146 percent over last year's $97 million. Spurred by strong growth through FedEx Ground and international express, quarterly revenue at $8.7 billion was up 7 percent from a year ago. Operating income, at $416 million, was up 129 percent from $182 million over the fiscal third quarter a year ago, with a quarterly operating margin of 4.8 percent up from 2.2 percent.

Ce De Candy's sweet transformation

Since 9/11, even candy makers have been enlisted in the fight to keep the nation’s food supply safe from bioterrorists. That’s why Ce De Candy, the maker of the Smarties brand of candy products, installed an automatic data capture and inventory management system in its Union, N.J., and New Market, Ontario manufacturing plants. Technology is not only transforming the way the company collects data, it is also laying the foundation for using that data to improve its processes in the future.

Report says cap and trade legislation may be running out of time

WASHINGTON—The concept of “cap and trade” as a cornerstone of a United States climate change policy appears to be losing steam, according to a recent New York Times report.
The Times report makes note of how opponents of cap and trade—a form of emissions trading used to control pollution by offering economic incentives—maintain it will be costly, adding that it’s not even mentioned in President Obama’s current budget.

Management Update: Slashing ships.

A number of Asian carriers have significantly trimmed their container ship fleets over the last 15 months as they sought to reduce exposure to the fragile liner shipping markets. According to analysts at the Paris-based think tank Alphaliner, the seven major Asian operators surveyed have disposed of 282,000 twenty-foot-equivalent units (TEUs) during the period, representing 16 percent of their combined fleet. This includes 155,000 TEU that these operators sent to scrap and a further 127,000 TEU that were sold in the secondhand market and in financial engineering deals.

Oberstar continues to push for more transportation infrastructure investment

WASHINGTON—When it comes to transportation infrastructure spending and innovation, the world is in the passing lane and the United States in the breakdown lane with a broken axle. At least that’s how Rep. James L. Oberstar, D-Minn., chairman of the House Transportation and Infrastructure Committee, currently sees it.