LMS: Embarking on the labor management journey
The current labor crisis has put a new spin on how logistics professionals are leveraging their labor management systems (LMS) to work more efficiently in today’s e-commerce, omni-channel environment.
Port Tracker says import records could be broken in the summer months
New records are expected to be hit in three of the following months-with July at 1.88 million TEU for a 4.1% annual gain; August at 1.91 million TEU for a 4% increase; and September at 1.83 million TEU for 2.3% improvement-each expected to top the previous record of August 2017’s 1.83 million TEU for a…
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Moore on Pricing: Rail
Future pricing leverage worrisome
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.