Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by 1.6 percent in December when compared with November results.
For building products manufacturer Owens Corning Corp., whose annual transportation fuel bill hits about $100m, $1.1m in savings over the last year or so may seem like a drop in the bucket. Unless, that is, the bucket is filled with found money.
Drewry's latest Dry Bulk Forecaster reports that coal has been the recent saviour of the dry bulk market. Global GDP grew by 3.2 percent in 2012, following growth of 5.2 percent and 4.0 percent in the post-recession years of 2010 and 2011. This slowdown blighted dry bulk cargo volumes and in turn tonnage demand. Global steel production, reflecting industrial and growth activity around the world, grew by only 1.3 percent in 2012, with a subsequent impact on iron ore and coking coal trade.
To assess organizational alignment, here are three simple questions for your business leaders: What are your company's ten most exciting value-creation opportunities? Who are your ten best people? How many of your ten best people are working on your ten most exciting opportunities?