| In This July 16, 2009 Issue |
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Calling it significant progress, YRC Worldwide (YRCW) and the
International Brotherhood of Teamsters (IBT) negotiating team announced
some details of their agreement on contract terms going forward. Two
critical provisions are a 5% incremental wage reduction and and 18-month
cessation of pension payments.
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Steeper volume declines in the second quarter than in
first-quarter 2009 along with greater declines in higher margin segments
(e.g., coal) worked against CSX, says Morgan Stanley Research.
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Exostar will join the likes of Google, Microsoft and
Salesforce.com in a demonstration of single sign-on cloud-based
applications. The collaboration solutions provider to the aerospace and
defense industry will take part in scenarios involving
software-as-a-service (SaaS).
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As it announced its SCM Labor Management solution, Infor
pointed out that labor and warehouse productivity can account for up to
50% of the total operating costs of a warehouse.
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Despite the world's largest radio frequency identification
(RFID) project being completed, the global RFID market is rising 5% this
year to $5.56 billion, says IDTechEx.
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"The combination of rising non-fuel costs and a significant
deterioration in passenger revenue in the first quarter proved too great
to offset the year-over-year plunge in fuel prices," said John Heimlich,
chief economist for the US-based Air Transport Association (ATA).
"Consequently, airlines remain focused on seeking every feasible
opportunity to realize cost savings and generate new streams of
revenue."
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These articles were those most viewed in last week's
newsletter.
- YRC and Teamsters Reexamine Contract
YRC Worldwide announced it was entering discussions with the
International Brotherhood of Teamsters (IBT) to seek to modify the terms
of the current labor agreement for its employees covered by the National
Master Freight Agreement.
- Avery Dennison Demonstrates RFID Benefits in
Video
Titled RFID Case Study – American Apparel, a video production by
Avery Dennison demonstrates how the largest apparel producer in the US
deployed item-level radio frequency identification (RFID) to overcome
inventory accuracy and replenishment challenges at selected retail
stores, while appreciably increasing sales.
- New Haven Ups the Ante on Logistics
Congresswoman Rosa DeLauro (D-CT) and New Haven, CT Mayor John
DeStephano used the opening of a major New Haven warehouse, as well as
the announcement of a joint venture between a New Haven logistics
company and a Italian logistics company, to explore initiatives to
develop New Haven as a major Northeast distribution center.
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| Quick Poll |
Where do your second-quarter inventories
stand relative to plan?
A. Inventories are lower than first quarter and below planned
levels.
B. Inventories are lower than first quarter but at planned levels.
C. Inventories are lower than first quarter and above planned
levels.
D. Inventories are comparable to first quarter.
E. Inventories are above first quarter and below planned levels.
F. Inventories are above first quarter and at planned levels.
G. Inventories are above first quarter and above planned levels.
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