A large majority of freight transportation and logistics industry stakeholders, including shippers, motor carriers, 3PLs, brokers, and others, continue to marvel at the overall state of market conditions, especially in the trucking sector. That comes with good reason, too, especially when considering that, in many ways, the confluence of factors contributing to the current market…Details
Logistics Management Group News Editor Jeff Berman recently had an opportunity to talk to Derek Leathers, president and chief executive officer of Werner Enterprises, about market conditions, the ongoing driver shortage, and pricing, among other topics.
With a 6.8-cent increase, the average price per gallon now stands at $3.239 per gallon. This is the highest weekly average since the week of December 29, 2014, when the average stood at $3.213.
United States-bound waterborne shipments saw some growth in April, albeit not at the same levels it hit in previous months, according to data issued this week by global trade intelligence firm Panjiva. April shipments, at 955,956, saw a 0.3% gain compared to April 2017, getting annual shipment growth back on a positive track, following March’s…Details
POLA handled 703,536 TEU (Twenty-Foot Equivalent Units) in April, which was down 1.3% annually compared to the 714,755 TEU recorded in April 2017, and POLB POLB April volumes were up 10.8% annually at 618,438 TEU. Imports saw an 8.4% annual gain to 312,376 TEU, and exports increased 22% to 141,799 TEU.
Retail sales data issued today by the United States Department of Commerce and the National Retail Federation (NRF) showed modest sequential gains and varying annual gains.
The current outlook for the trucking sector remains very strong, with no immediate change in sight at the moment, according to the most recent edition of the Trucking Conditions Index (TCI) issued by freight transportation consultancy FTR this week.
Over the past couple of months, the Wall Street Journal has published several articles that indicate CEOs are “suddenly” discovering that transportation and supply chain issues can drastically impact their profitability. When CEOs from large companies like John Deere, Tyson Foods, and General Mills publicly state that their financial performance has been hurt by increased…Details
In a wide-ranging opening keynote at last week’s National Shippers Strategic Transportation Council (NASSTRAC) annual meeting in Orlando, Fla., American Trucking Associations (ATA) President and CEO Chris Spear laid out a compelling case for what is working in trucking, what needs to be worked on, and what needs to happen in order to overcome a…Details
Rail carloads increased 6.4% to 265,653, and intermodal containers and trailers headed up 8.5% to 280,374.