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Happy Halloween
Samhainophobia is an intense fear of Halloween.
More trivia...
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Completely useless but fun...
Lots of rain in the U.S. lately.
So what is the greatest rainfall amount recorded in a single day (globally)?
Answer:
73.62 inches
(that is over 6 feet!)
Location:
Indian Ocean
March 15, 1952
Share your useless trivia
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Greetings!
Industry updates are important to all of us. If you would like to receive an update on a topic not listed in this issue or receive more information on Cornerstone Systems, please contact us at 800-278-7677 or visit our website at www.cornerstone-systems.com.
We are here to help.
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Tessa Lloyd Opens New Houston Office
Award Winning Rep Brings Wealth of Experience To Texas

Cornerstone Systems is pleased to announce the opening of a new office location in Houston, Texas, led by CS top sales representative and industry veteran Tessa Lloyd.
Tessa Lloyd - Assistant Vice President - Sales
919 E. Barbours Cut Blvd. Laporte, TX 77571 281-402-2203 office 281-402-2205 fax
Read more...
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Chris Joslyn Joins CS Brea, CA Office
Transportation Industry Veteran A Powerful Addition
Cornerstone is proud to announce the addition of Chris Joslyn to the Brea, California office. Chris brings over 17 years experience in the industry, both in sales and sales management.
Chris Joslyn - Account Executive
411 West Lambert Road, Ste 400
Brea, CA 92821 714-990-3055 office 714-990-3904 fax
Read more...
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"The Great Recession is Over" States NABE
National Association of Business Economists Makes Declaration
 The proclamation , made by the NABE, is based on a survey of professional forecasters who also caution that the recovery will take place slowly as large increases in federal debt and unemployment rates are expected to remain very high through next year. "Following a sharp 6.4 percent (annual rate) contraction in the first quarter of this year and another 0.7 percent drop in the second quarter, NABE forecasters expect real GDP to rise at an above trend 2.9 percent rate in the second half," NABE President-Elect Lynn Reaser noted in a statement. The association said the three-year downturn in the housing market appears close to coming to an end, with growth expected next year. Unemployment is also forecast to drop from 10 percent to 9.5 percent by the end of 2010.
The recession ravaged one economy after another in 2009, fulfilling earlier dire predictions for the global container industry, said Drewry Shipping Consultants in their latest Market Review & Forecast. Containership lines had to cut back drastically this year and still were not able to match the dramatic drop in volume. Over-capacity has become the most critical issue facing ocean carriers. Managing it and keeping costs contained needs some clear management focus if container businesses are to survive the challenging market conditions that will prevail until at least 2014, the report said. But the report is not entirely pessimistic. Global traffic should recover a little in the second half of 2009, and trade flows may recover by around 2.4 percent in 2010, Drewry predicts. |
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Transportation Industry News Maersk Exec's "Transformation" Includes Promotion of Domestic Providers, Weekly Intermodal Volume Reaches 10-Month High, Truckload Demand Improving, ILA Extends Contract, ILWU Enters New Era of Cooperation, New Database System Will Help Combat Cargo Theft

Container shipping needs "transformation" that goes beyond the changes carriers are undertaking to survive and likely will include consolidation, a Maersk executive told the Journal of Commerce's East Coast Maritime Conference. "I deliberately used the word transformation as opposed to just change," said Morten Nicolaisen, CFO of Maersk Inc. "Change can sometimes be a tweak or a small thing that you're changing. Transformation is much more fundamental."Citing estimates that container ship lines will lose $20 billion this year, Nicolaisen said ship lines need to earn $10 billion to $20 billion in profit to sustain needed investments. That means the true gap between profitability and investment need is $30 billion to $40 billion, he said. Ocean carriers, he said, must focus on their core operations. He said most inland container movements are "probably best left to domestic providers who can mix and match different modes of transportation and know their own markets."
Although U.S. railroads' intermodal traffic fell 14.6 percent to 993,235 units in September, average weekly intermodal units in the month reached their highest level since November 2008, according to the AAR (Association of American Railroads). The slight uptick in intermodal traffic might be related to retailers restocking shelves for the upcoming holiday season, said AAR officials. "The data in the October report gives us some indication that better things may be on the horizon," said AAR Senior VP John Gray. "While some of this activity is seasonal, railroads have taken more than 15,000 cars out of storage between September 1 and October 1."
Truckload demand is improving across parts of the U.S., helping turn around a decline in pricing and raise prospects for higher rates in coming months. Lee Klaskow, an equities analyst at Longbow Research said demand in the industrial trucking business improved in September, with the dry-van segment that includes large retail shipments heading to distribution centers improving, and that building and construction supplies also picked up ahead of expectations. "Excess capacity continues to be the No. 1 problem plaguing the truckload market, in our view", said the Longbow report.
The ILA delegates voted overwhelmingly September 30 for a two-year extension of the union contract covering 18,500 Atlantic and Gulf dockworkers. The contract extension will be submitted to the union's members for ratification on November 17. "As far as we were concerned, it made a lot of sense not to have to sit down and bargain next year, particularly in these economic times," said James Capo, Chairman of the U.S. Maritime Alliance. "We received a lot of cargo after the West Coast port shutdown in 2002. We've retained most of it and don't want to be in a position to send it back".
Stung by diminishing work and concerned about a further loss of cargo when the Panama Canal is enlarged in 2014, the ILWU is embarking upon a new era of cooperation with others in the transportation industry. The powerful West Coast Longshore union is working with employers, ports and inland carriers to promote their coast as the logical gateway for U.S. Trade with Asia. The ILWU is concerned about the loss of jobs during the global trade recession. The union also recognizes that cargo has been diverted to Prince Rupert in Canada, and to East and Gulf Coast ports, and the union's image outside of the West Coast contributed to the diversion.
The US-based National Insurance Crime Bureau (NICB) and ISO plan to create a national information sharing system to combat cargo crime. By networking existing databases and adding secure reporting and analytic functions, the new system will enable more efficient, accurate and timely sharing of cargo-theft information between theft victims, their insurers, and law enforcement. Cargo theft is a multi-billion dollar economic drain that exploits existing gaps in the nations information sharing framework. This will be the first time a nationally coordinated data-sharing system will be built based on the needs of insurers, law enforcement, transportation companies, manufacturers, retailers , and their many agents and service providers. The core of the network is a new database called CargoNet, which will be launched in early 2010.
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Current Fuel Facts The Energy Information Administration reports U.S. On-Highway Diesel Fuel Prices (dollars per gallon) as follows:
10/12/09 Date Released
2.600 Price
(Up) 0.018 Change From Week Ago
(Down) -1.059 Change From Year Ago
Diesel fuel's national average price rose for the first time in six weeks, while gasoline increased for the first time in nine weeks, the DOE said. Gasoline, for its part, gained 2.1 cents to $2.489 a gallon. | |
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