Logistics News October 15, 2015

New Muenchens store in Cincinnati – A new 57,000 square foot retail operation has opened in the local Cincinnati area. Muenchens Furniture replaced a smaller location with the new construction. See more here. (Furniture Today)

 

ATA shows driver shortage worsening – According to the American Trucking Association, 45% of new hires are to replace retirees, much more than are needed for business growth. Read more here. (Transport Topics)

 

Fuel rebounding, but still $1.14 lower than 2014 -  See the current average regional and national diesel prices here. (US EIA)

 

September imports shrink 9.4% at Los Angeles –TEU’s imported at the US’s largest port shrunk 9.4 percent from August to September. The 124,286 TEU total was 17.4% lower than the same month last year. Port officials say September 2014 volume was near-record, which tempers analysis of the new number. Read details here. (Wall Street Journal)

 

Long Beach imports only down 1.9% for September - There seems to be a divergence of paths in Southern California. LA’s sister port, Long Beach, is reporting much better month-to-month performance. Read the details here. (LA Business Journal)

 

Ikea coming to JAX in 2017 – Ikea is planning a nearly 300,000 square foot store in Jacksonville, its first in northern Florida. The franchise is awaiting permits to begin construction. See more here. (Furniture Today)

 

UTi Worldwide to be acquired by Danish firm – DSV, a Danish supply chain company, has reached an agreement to acquire UTi Worldwide. The deal is expected to close in Q1 of 2016. More details here. (Transport Topics)

 

Federal labor board rules against ILWU in Portland – ICTSI Oregons celebrated after the NLRB rulled the ILWU violated federal labor laws by engaging in slowdowns and encouraging workers to interfere with lawful work assignments. Additional details here. (Portland Business Journal)