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One byproduct of an improving economy is the the current state of United States inventory levels. Remember, it was not all that long ago that the “inventory glut” was a real drag on transportation productivity in more ways than one, whether it was decreased production, slower and longer transit times, and other related inefficiencies, too.…Details
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.