The long-awaited national infrastructure plan was rolled out today by the White House as part of its fiscal year 2019 budget. Entitled, the “Legislative Outline for Rebuilding Infrastructure in America,” this plan is comprised of various ideas and themes that have been echoed by the White House since Donald Trump took over as President in…Details
Earlier this week, UPS reported that it has rolled out UPS Worldwide Express Freight Midday, which, it said, is an extension of its UPS Worldwide Express Freight Service. The UPS Worldwide Express Freight Service service, which functions as an express freight service geared towards urgent, time-sensitive, and high-value international shipments, was initially launched by Big…Details
In its fiscal first quarter earnings results announced today, the USPS reported controllable income of $353 million, which was down 33% annually compared to $522 million a year ago. USPS said that this decrease was driven by various factors it has cited in the past, including: First-Class and Marketing Mail volume declines, a higher normal…Details
The most recent example of global e-commerce powerhouse Amazon expanding its logistics portfolio was highlighted in a Wall Street Journal report published today. According to the report, Amazon is taking steps to introduce a delivery service for businesses, entitled “Shipping with Amazon” (SBA), that would position it as a direct competitor with the parcel duopoly…Details
“Year of the Dog,” was ushered in by a significant surge in inbound ocean carrier calls.
San Francisco-based Prologis released its third annual Logistics Rent Index recently, drawing on data from Prologis’ global portfolio and examines rental growth in critical logistics real estate markets throughout the world.
Fourth quarter revenue was up 12.2% annually at $4.19 billion, and net income for the quarter came in at $188.5 million, or $1.42 per share, which was well ahead of net income of $27.3 million, or $0.22 per share, a year ago.
The report, entitled “First Wave Pick: The Business of Warehousing in North America – 2018, Market Size, Major 3PLs, Benchmarking Costs, Prices and Practices,” was based on information Armstrong collected from more than 500 contract warehousing operations, nearly 400 contract customers, and 10 public warehousing operations.
Retail sales projections are as key of an economic indicator as any other in today’s logistics world
NRF expects 2018 retail sales to head up 3.8%-to-4.4%. For 2017, retail sales saw a 3.9% annual gain over 2016 to $3.53 trillion, based on the U.S. Census Bureau’s preliminary estimate. NRF said that number is subject to revision while it topped the NRF’s forecast for growth between 3.2%-to-3.8%.