Transportation’s Tricky Balancing Act
Done right, economies of scale can lower a carrier’s average costs and the freight rates charged to their customers. Getting it right is a balance.
Your organization’s most valuable asset
Over the past few years, we’ve used our June issue to address the importance of continuing education and the steps logistics management professionals can take to help recruit, nurture and retain the single most valuable asset of any organization—its people.
Duty Drawback 2018: New Rules to Simplify Duty Refund Program
This year an estimated $2 billion owed by the U.S government to eligible businesses will go unclaimed. The funds are available through duty drawback, a U.S. Customs and Border Protection (CBP) initiative that offer businesses a refund of up to 99 percent of certain import duties and taxes paid on products that are later exported…
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Kuehne + Nagel Group Report Shows Strengthening Supply Chains in Asia and Latin America
The economies in Asia and Latin America posted a relatively high growth rate in May, say analysts for Kuehne + Nagel Group.
EIA reports diesel average falls for first time in 11 weeks
Falling 0.3 cents, the national diesel average now stands at $3.285 per gallon. Even with the decline, this marks the second highest weekly average since the week of December 29, 2014, when the weekly average came in at $3.213, standing only behind last week’s $3.288 average.
Old Dominion Freight Line provides positive second quarter update
The Thomasville, N.C.-based carrier reported that LTL tons per day increased 15.3% in May on an annual basis, with the main drivers being an 11.0% increase in daily LTL shipments and a 3.9% increase in LTL weight per shipment. And for the second quarter-to-date period, LTL revenue per hundredweight is up 6.7% annually.
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ISM reports solid non-manufacturing growth in May
The index ISM uses to measure non-manufacturing growth—known as the NMI–headed up 1.8% to 58.6 (a reading above 50 indicates growth) in May. The May NMI is 0.9% ahead of the 12-month average of 58.6.
Will new alliances pave the way for 3PLs to leverage Foreign Trade Zones?
In a move that may augur a new global strategy for third party logistics (3PLs) parties, CEVA Global Logistics, LLC (CEVA) and IMS Worldwide, Inc. (IMSW) recently announced that they have entered into a Strategic Alliance to offer the benefits of Foreign Trade Zone (FTZ) services to customers in the United States.
New Uber Freight offering focuses on increasing fleet productivity
Entitled “Fleet Mode,” Uber said in a blog posting that this tool, which is part of the Uber Freight app, allows “carriers and their dispatchers to find, book, and reassign the best loads for their team.” Uber Freight News
Note to CEOs (Part 2): Your Logistics People Can’t Do It Alone. They Need Your Support!
Managing freight costs in 2018 is shaping up to be a very challenging proposition. The rapid rise in freight costs are finally causing CEOs to pay attention to transportation and logistics issues. And the increased attention means that transportation and supply chain professionals are finding themselves under the microscope.