With global shippers looking to get in front of the beginning phase of recently implemented tariffs, United States-bound waterborne shipments saw gains in June, according to data recently released by global trade intelligence firm Panjiva. June shipments, at 1,025,643, were up 6.5% annually. This represents another month of growth, with the exception of a 0.2%…
Rail carloads, at 240,514, were up 5.4% annually, which is below the week ending June 30 at 270,916 and the week ending June 23 at 268,464.
It’s been a summer of labor success at United Parcel Service. Besides scoring a “handshake agreement” covering 275,000 Teamsters at its small parcel unit, UPS also has a tentative deal for a new five-year Master UPS Freight Agreement that covers about 11,000 Teamsters-represented UPS Freight (formerly Overnite Transportation).
Chicago-based third-party logistics (3PL) services provider SEKO Logistics recently announced it is investing in a new flagship airfreight and omni-parcel services facility in close proximity to London Heathrow airport. The company said that this investment is a reflection of its confidence in the “continued cross-border growth of British bands globally,” adding that revenues in the…
In its “U.S. Industrial Availability Index,” CBRE reported that the availability rate for U.S. industrial real estate fell ten basis points to 7.2% in the second quarter, which is its lowest level since 2000. CBRE said this represents the 32nd consecutive quarterly decline, with demand for industrial property continuing to outpace supply. What’s more, CBRE…
Recent spot market data issued by Portland, Oregon-based freight marketplace platform and information provider DAT, a subsidiary of Roper Industries, reinforces the current strength of the trucking sector, with June having the highest spot market rates on record. DAT said that the national averages for van, flatbed, and refrigerated (reefer) were the highest ever recorded…
Learn at how companies are effectively increasing the desirability of their freight, streamlining their supply chains, and reducing their transportation costs to become preferred shippers.
Global supply chain challenges continue to proliferate, but digitizing the supply chain and leveraging structured data can help ease those pressures while also providing high levels of visibility, improved efficiency and minimized risk.
In case you missed my transportation notes to CEOs Part 1 (Don’t fail to plan!) and Part 2 (Your people need you!), let me set the stage: Since the beginning of 2018, the Wall Street Journal has run over 70 articles about how the current freight market is negatively impacting supply chains and corporate earnings.…
A.T. Kearney’s Reshoring Index finds that imports are at an all-time high.