Global logistics managers may see more rating changes for some U.S. ports over the next 12 months in the wake of an unusually active year of movement for the sector, say industry analysts at Fitch Ratings.
The session’s panelists included: Suzanne Grimes, Senior Strategic Consultant, PROS; Chris Gordon, VP & Product Lead SC Navigator, AIMMS Technology; and Jason Dillavou, director of pricing and yield management for YRC Freight.
Falling 2.8 cents, the national diesel average is now $3.216. This follows declines of 2.2 cents, 1.9 cents, and 0.3 cents, respectively, over the previous three weeks.
In a move that promises to create more efficiency and ocean container throughput velocity, the Port of Oakland’s largest marine terminal operator plans to introduce hybrid cargo-handling technology in the coming years.
News emanating from the U.S. West Coast indicates that among many of the new risks logistics managers must confront these days is that of forced labor.
Carloads, at 269,748, were up 1.9% annually. This trailed the week ending June 9 at 271,641 and topped the week ending June 2 at 252,162.
FTR said that motor carriers can expect these favorable conditions to remain intact into the third quarter and further on into 2019. And it added that the tight labor market, as well as the driver shortage, is holding carriers back from taking full advantage of the strong pricing outlook, even though it leads to higher…Details
Shippers fearing a replay of a costly and damaging strike by UPS Teamsters of 20 years ago can exhale. The world’s largest small package company and its approximately 265,000 Teamsters have reached what UPS calls a “handshake agreement” on a five-year labor deal that could pave the way for Sunday deliveries.
While the general consensus when it comes to sizing up the current state of the trucking market is overwhelmingly positive at the moment, there are some questions out there relating to the capacity imbalance in tandem with a heightened state of demand.
Total units for the month of May were up 6.3% annually to 1,632,461. Trailers showed the largest annual percentage gain, rising 21.8% to 122,656. Domestic containers were up 6.2% to 686,519, and international, or ISO, containers were up 4.4% to 823,286.