Compared to the same week a year ago, diesel’s average is up 44.3 cents. What’s more, this week’s price is the highest in three years, going back to the week of January 12, 2015, when it came in at $3.053 per gallon.
For more than a while, we have seen slow and steady economic improvements that have manifested themselves in many ways through things like improving retail sales, United States-bound imports, modal volume, and some signs of sustained GDP growth. Now, take those factors and consider what is happening in trucking, with things like the recently implemented…
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Chicago-based project44 said it kicked off what it called an expanded integration into cloud-based transportation management systems (TMS) provider MercuryGate International Inc.’s TMS.
FedEx Critical Inventory Logistics is designed to help companies streamline and drive costs out of their aftermarket service supply chains to meet customer service level agreements and grow their bottom-line revenues.
December shipments––at 965,917––were up 3.8% annually and down 2.0 percent compared to November’s 979,797. The busiest month of 2017 was August, which came in at 1,068,521 for an all-time record. December also marked the 17th time in the last 18 months that shipments were up.
Less-than-truckload (LTL) shippers are facing what top trucking executives are calling a “new era” in LTL pricing because of a combination of pent-up demand, surging e-commerce deliveries and a tightening capacity due to increased government regulations and a shortage of qualified drives.
Commerce reported that December retail sales saw a 0.4% increase from November to December at $495.4 billion along with a 5.4% annual gain. NRF reported that December retail sales increased 0.4% on a seasonally adjusted basis compared to November and were up 4.6% annually on an unadjusted basis.
Trade and transport analysts see rates rising across all modes in accordance with continued expansion of domestic and international markets. Economists, meanwhile, say shippers can expect revenue growth in transport verticals to remain in the 3%-plus range.
This is a watershed year for the digitization of global supply chains as companies respond to new initiatives enacted by governments and inter-governmental organizations. Those too timid to take the risk of making a mistake will simply lose out.