As closer supply chain ties are forged with vendors, logistics managers must increasingly collaborate with procurement. To provide insight, a new study illuminates today’s procurement process, and the many challenges purchasing managers face.
Still struggling to get your logistics technology up to speed? You’re not alone. See why companies are increasingly outsourcing IT to their third-party logistics providers.
Inbound Logistics surveys the supply chain technology market to evaluate the latest trends and uncover the most innovative providers in their respective fields.
New and noteworthy in the supply chain.
Quarterly revenue was up 10% at $17.1 billion, while earnings per share at $1.55 matched Wall Street estimates while posting a 17% annual gain. Net income rose 15% to $1.3 billion. UPS Revenue Report, UPS Earnings 2018 Quarter 1
Reasons cited by FTR for the difficult market shippers are dealing with included rising regulatory pressures, coupled with the capacity required for a “hot” freight market slow to increase in the first quarter, which subsequently added pressure on rates.
INTTRA maintains that the ocean cargo industry has moved beyond the “digitization tipping point,” and is on the verge of advancing from innovation to action.
Carloads headed up 3.5% to 264,522, and intermodal containers and trailers rose 8.9% annually to 274,873.