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.
Each year, the Inbound Logistics Readers’ Choice Top 10 3PL Excellence survey gives shippers the chance to give a shout-out to providers that have taken on so much of their load. Here are the best of the best.