Logistics News Oct. 3rd, 2014

TSA carriers float minimum rates for new contract season – Monthly GRIs and RRIs aren’t doing the trick for Trans-Pacific carriers. Between minimum rates, fuel surcharge updates, and better recovery of intermodal costs, lines hope to overcome the financial effects of continuing over-capacity. Read details here. (JOC)

 Con-way Truckload increases tuition reimbursement for student drivers – As the driver shortage grows, large trucking companies try multiple strategies to lure drivers. Con-way is doubling tuition for driver trainees. See more here. (JOC)

Con-way also raising driver pay – exemplifying the difficulty trucking companies are seeing attracting and keeping drivers, Con-way plans to revise its pay structure. See details here. (Cargo Business News)

 IKEA casegoods plant to double in size – IKEA has announced plans to expand its Virginia facility by early 2016. Read more here. (Furniture Today)

 Wholesale furniture orders up 4% in July – July shipments were up 11%, although furniture sales lose ground in percentage of disposable income expenses. More here. (Furniture Today)

 Confidence down in September – Order increases aside, consumers aren’t as optimistic as they were in August. Anticipation of a worsening job market and declining short-term economic conditions made the difference. Read the story here. (Furniture Today)

 This week’s average fuel prices here. (DOE)

 Savannah aims to be East Coast’s busiest port – Georgia Ports’ executive director is targeting New York/New Jersey’s spot as the highest-volume port on the East Coast. Read the story here. (Atlanta Journal Constitution)