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By LM Staff ·
March 29, 2023
Despite some carriers expressing positive sentiment for the second half of this year, demand may not hit the heights of 2021.
By LM Staff ·
March 28, 2023
For January, the most recent month for which data is available, the SCI came in at 5.4, which was nearly half of December’s 10.3 reading. November’s 3.0 reading was preceded by -3.1 and -0.3 readings in September and October, respectively.
By John Schulz ·
March 27, 2023
The Teamsters union and Yellow Corp., the union’s largest employer in the less-than-truckload (LTL) sector, aren’t wasting any time throwing shade on each other. The Teamsters’ labor agreement with Yellow does not expire until March 31, 2024. But hard feelings over the “One Yellow” terminal reorganization may be poisoning the waters well before negotiations even begin.
By Jeff Berman ·
March 24, 2023
A group of national industry associations, largely representing shippers and freight transportation and logistics services providers, called on President Joe Biden, in a letter, to take action, regarding the still-unresolved West Coast port labor negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA).
By LM Staff ·
March 24, 2023
Rail carloads—at 227,454—were down 2.7% annually. Intermodal containers and trailers—at 226,046—were off 15.2%.
By Jeff Berman ·
March 23, 2023
Logistics Management Group News Editor Jeff Berman recently spoke with Michael Farlekas, CEO of Austin, Texas-based connected supply chain software platform services provider e2open. Farlekas provided Berman with an overview of various topics, including: a return to supply chain normalcy; inventory management, and sourcing options for shippers, among others.
By LM Staff ·
March 22, 2023
The company said the new mobile app is a major part of its software roadmap.
By Jeff Berman ·
March 22, 2023
Total February volume—at 1,248,569 units—fell 7.3% annually. Trailers—at 61,211—saw a 27.6% annual decline, and domestic containers—at 611,460—were down 4.3%. All domestic equipment, which is comprised of trailers and domestic containers, were down 7.0%, to 672,671. ISO, or international, containers—at 575,898—dropped 7.6%.
By Jeff Berman ·
March 22, 2023
Logistics Management Group News Editor Jeff Berman recently spoke with Adam Satterfield, CFO of Thomasville, North Carolina-based national less-than-truckload (LTL) carriers Old Dominion Freight Line about various industry trends and themes, including: the current state of the LTL market, the freight economy, rates and pricing, and supply chain shifts, among others.
By Jeff Berman ·
March 21, 2023
DSV said that the objective of these acquisitions are three-fold: to augment its position within the semiconductor industry; align with its new Phoenix-Mesa Gateway Airport operations; and support its growing cross-border services into Latin America. It added that these acquisitions are expected to be made official next month.
By LM Staff ·
March 21, 2023
The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for February, came in at 118.4 (2015=100), for a 1.2% increase, over January’s 117 reading.
By John Schulz ·
March 21, 2023
Phoenix-based Knight-Swift Transportation, already the biggest player in the TL market at $4.5 billion revenue last year, is buying Chattanooga, Tenn.-based U.S. Xpress, which ranked ninth in TL revenue last year at $2.2 billion. The deal is valued at $808 million, including assumption of $484 million of debt.
By John Schulz ·
March 21, 2023
The American Trucking Associations (ATA) expressed what it called its “grave concerns” about media reports that the Environmental Protection Agency (EPA) may be on the verge of granting the state of California waivers to implement potentially harmful and unrealistic emissions rules on the industry. Under California rules, new Class 8 heavy truck models would be zero-emission next year. Diesel and gasoline-powered drayage trucks must retire after 18 years to guarantee that they meet a zero-emission requirement by 2035.
By LM Staff ·
March 21, 2023
The national average decreased 6.2 cents, to $4.185, following a 3.5-cent decline, to $4.247, for the week of March 13.
By Jeff Berman ·
March 20, 2023
The Port of Los Angeles reported that February volume—at 487,846 TEU (Twenty-Foot Equivalent Units)—were down 43% compared to February 2022. The Port of Long Beach reported that total February volume—at 543,675 TEU—dropped 31.7% annually