The report, entitled “Bulls Lead: Third-Party Logistics Market Results and Trends for 2018,” estimated that 2017 net revenues for the U.S. 3PL market rose 5% to $77.1 billion, with gross revenues up 10.5% to $184.3 million. The gain in net revenues continues a pattern of single-digit annual growth.
Global supply chains must evolve in order to keep pace with the ever rapidly changing needs of both shippers and carriers. Countries around the world need to upgrade their border protection technologies and enhance trade facilitation in order to attract global economic giants to improve their economies through greater efficiencies.
Taking the calculation, complexity, and cost out of LTL shipping.
A new research paper by AlixPartners on “sourcing and purchasing transformation,” reveals that supply chain managers may face fresh challenges in the coming months. Titled, “Rough seas ahead for procurement,” the paper notes that traditional business models of many industries are being disrupted by technological innovation, putting a cap on the ability to pass price…Details
Themed “A Culture of Resilience,” the report provides a comprehensive overview of the company’s environmental, social and governance (ESG) initiatives and addresses 2017 activities in the Americas, Europe and Asia.
After a ten-week run of increases, the national average price per gallon of diesel fell again this week for the second straight week, according to data issued by the Department of Energy’s Energy Information Administration (EIA).
The pricing train for truckload and intermodal freight movements continues to accelerate at a rapid clip, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.
There’s a national labor crisis in full effect, and it’s getting harder and harder for companies to ignore. Today’s organizations face unprecedented workforce management challenges.
The ATA reported this week in its quarterly Trucking Activity Report that the annualized turnover rate for large truckload carriers or fleets with more than $30 million in annual revenue, increased 6% to 94% in the first quarter of 2018. This marks a 20% annual increase.
The company explained that demand for spot market truckload shipments in May hit its highest levels ever for various reasons, including seasonal shipments, and increasing fuel prices, as well as dry van and refrigerated, or reefer, rates in May at their highest levels going back to January and flatbed rates also hitting a new high.