The old days of buying a lift truck as a commodity unrelated to other materials handling equipment purchases are going away. Rapidly. It’s all because of fundamental shifts in how distribution centers operate—and new technology, of course.
Late last week, Addison, Texas-based Daseke Inc., a provider of flatbed, specialized transportation and logistics services said it acquired Memphis-based Builders Transportation Co., a steel, aluminum, and metal products carrier.
The report’s National Shipment Index, at 138.7 (2011=110.1), hit a new record-high and was up 1.2% compared to the first quarter and up 7.8% annually.
As has been the case for a while now, Class 8 truck orders are still very much in demand.
A full season of trade summits, seminars, and conferences are being staged to provide advice on strategic direction in the coming year.
Rail carloads were up 3.5%, or 35,208 carloads, to 1,048,293, and intermodal trailers and containers rose 6.9%, or 71,782 units, to 1,108,142.
The index ISM uses to measure non-manufacturing growth—known as the NMI–fell 3.4% to 55.7 (a reading above 50 indicates growth) in July. The July NMI is 2.3% below the 12-month average of 58.0. The PMI has now grown for 102 consecutive months.
Second quarter revenue was up 16% annually to $4.36 billion, and quarterly net income attributable to common shareholders coming in at $137.5 million, which topped $47.6 million for the same period a year ago.
YRC, which controls long-haul YRC Freight and LTL regional carriers New Penn, Reddaway and Holland, reported a slight dip in second quarter net income of $14.4 million on $1.33 billion revenue, compared with net earnings of $19 million on $1.26 billion revenue in the year-ago quarter.
The clothing retailer has laid out a strong supply chain sustainability strategy that can serve as a blueprint for other shippers to follow.