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.
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.
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
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.
The report indicated that total container volumes across the six ports increased by 12.1%, or 414,000 TEU (Twenty-Foot Equivalent Units) from February to March, the most recent month for which data is available, for a total of 3.84 million TEU, which it said would translate into a 4.6% annual increase. Ports traffic Northern Europe, Port…Details
Through the first 21 weeks of 2018, U.S. rail carloads are up 1.2% annually at 5,414,483, and intermodal containers and trailers are up 5.9% at 5,736,006. Intermodal Carload Volumes 2018, Intermodal Report by Association of American Railroad AAR
ISM said that PMI, the report’s key metric, increased 1.4% in May to 58.7 (a reading of 50 or higher indicates growth). This marks the 21st consecutive month of PMI growth, with the overall economy now having grown for 109 straight months. The May PMI reading is 1.1% even with the 12-month average of 58.7.
The investment comes in the form of roughly $90 million, which, XPO said, will go towards 770 new tractors over the course of the remainder of 2018, during which time the units will be integrated into the XPO LTL fleet. These tractors will both replace, and add to, the existing fleet, with the current total…Details
In its report, entitled “ Breaking Ground: Market Rents Justify New Warehouse Development,” CBRE said it analyzed the gap between pro forma rents in ten United States markets, which it defines as the rental rates that developers can reasonably expect to obtain on newly built warehouses, as well as breakeven rents, which it defines as…Details
The company said this offering will augment operations and optimize carrier pricing by providing its customers with insights and data points culled through a combination of factors. Shipware LLC said this week it has introduced proprietary machine-learning software, Krystal AI.