YRC Worldwide, parent of long-haul YRC Freight and three regional LTL carriers, fell back into the red last year as it battled a red-hot freight market with sharply higher costs related to purchased transportation, equipment shortages and higher salaries to keep those trucks operating with sufficient drivers.
Goldman Sachs Asset Management Private Real Estate (GSAM PRE) and DH Property Holdings (DHPH) have formed a joint venture to develop a three-story, 370,000 square-foot, institutional grade warehouse and distribution center at 640 Columbia Street in Brooklyn, New York on the Red Hook waterfront.
Although not name specific players, Lytle said “international shipping lines” view Oakland as a candidate for first-call service from Asia.
The Port of Rotterdam Authority and IBM recently announced their collaboration on a multi-year digitization initiative to transform the port’s operational environment using Internet of Things (IoT) technologies in the cloud to benefit the port and its stakeholders.
For November, the most recent month for which data is available, the SCI came in at -8.9, which is down from, and an improvement over, October’s -9.6. September and August came in at -8.2 and -6.7, respectively.
The Internet of Things will change the way supply chains manage the lifecycle of products, as a slew of new connected devices come to market. The cell phone industry offers a model for how to handle connected products that are chock full of private, personal data.
This white paper demonstrates how LMS has proven to be an effective tool for retailers in their DCs.
Distributed order management, autonomous robots, blockchain and warehousing software are all working together to help retailers more effectively manage their end-to-end supply chains.
Quarterly revenue was up 11.2% at $18.8 billion, while earnings per share at $1.67 topped Wall Street estimates of $1.67, and full-year earnings per share at $6.01, with full-year revenue up 8.2% annually at $65.8 billion.
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and the most successful shippers will be those that are able to mitigate their impact on profitability. And, the right technology will play an increasingly vital role in driving efficiencies across the global logistics network.