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freight railroad operator, is exploring a possible acquisition of Norfolk Southern (NSC.N) said on Tuesday it will move production of the Cadillac Escalade to a Michigan assembly plant, while adding new capacity for gas-powered Chevrolet Silverado and GMC Sierra light-duty pickups at the same facility.
Transportation capacity problems have been a volatile issue over the past twenty years or so. Contributors to Capacity and Trucker Shortage. The 2014 winter weather triggered a trucking capacity problem. In the past, according to Perry, trucking capacity has been somewhat consistently maintained at about 90%.
In our work on the Supply Chains to Admire report , we tracked the progress of manufacturing, retailing and distribution companies for the period of 2006 to 2013 and 2009-2013. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013. Flexibility: Utilization of Capacity. and Singapore.
and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Mark McEntire is the Senior Vice President of Operations at Emerge , a freight technology firm that is reinventing freight procurement. In June 2009, he became certified as an APICS CSCP. About Emerge.
Expected Transportation Capacity Issues. The concern and dialog about the transportation capacity issues for our country have bridged the past two decades and beyond. We have heard so much over the years about a coming capacity crunch crisis , many argue if crisis is the proper terminology. Wide shoulders.
Rules for container traffic between Europe and Asia are being rewritten and this has had profound implications for West European terminals: Supply fluctuations have resulted in a fragmented terminal capacity. Capacity of container ships handled in 2014. Decrease in port calls for big ships since 2009. Good or bad news?
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009. Deloitte Global). AlixPartners). higher than 2020.
Or how about if you need capacity for a shipment – broadcast it across the social media outlets and you are likely to find space for your products to ship. Freight Cost Management eliminates post-audits and disputes. in Freight Cost Savings Per Shipment: Logistics Sourcing activities improve negotiated rates.
Here’s what I wrote back on this date in 2009, as I recalled the events of that tragic day eight years earlier: I grew up in Brooklyn, New York, near Red Hook and the docks. DAT Solutions Launches Freight Market Analytics Service. Today is September 11. I never forget. Roadnet® Transportation Suite 3.7.2
It was a relatively quiet week for supply chain and logistics news, with robots and weak freight demand dominating the headlines. Air cargo firms feel the pressure from plunge in freight prices (Reuters). Global trade volumes fell for the first time since 2009 by 1.7 Global trade volumes fell for the first time since 2009 by 1.7
Since 2009, when ScottsMiracle-Gro began implementing its new distribution model, the Company has reduced the number of miles traveled to ship products to home center customers by approximately one-third. . The warehouse is part of ScottsMiracle-Gro’s high-service distribution model that the Company began implementing across the U.S.
To say that the first half of 2018 was "a period of both extreme volatility and unprecedented imbalance between capacity and demand for trucking services in North America" at first sounds like hyperbole. Capacity constraints meet increased demand. Truckload capacity was already constrained by a shortage of qualified drivers.
freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7
Since 2009, ocean carriers have faced many uncertainties—and they’re expected to continue for the foreseeable future. In my opinion, there will be more than one way to procure capacity, rates, and services for the 2016-2017 season. You probably have questions about what the 2016-2017 ocean contract season will bring. Consolidations.
Why Thinking “Global, Yet Local” Makes Sense in Your Air Freight Strategy | C.H. Earlier this year, my colleague, Bogen Chi, wrote a blog about the top 3 global market trends to watch this year in the air freight market: capacity shortages, peak season pressures, and the bright spot of consolidation.
Freight Volumes Up and Rising. According to the US Bureau of Transportation Statistics, “For-hire freight shipments in August 2017 were 38.0 percent higher than the low in April 2009 during the recession.” And this year alone “for -hire freight shipments measured by the index were up 4.9
In 2009, Yellow merged with Roadway Express to form YRC Worldwide Inc. With the loss of Yellow, LTL capacity declined. That loss of capacity declined so much that it led to increased rates for shippers. Specifically, it created a 10% gap in capacity. And pricing issues will persist until the capacity gap dissolves.
Supply Chain Cost Management Results: By the time Starbucks had completed its transformation program, it had saved more than $500 million over the course of 2009 and 2010, of which a large proportion came out of the supply chain, according to Peter Gibbons, then Executive Vice President of Global Supply Chain Operations.
The slowing gross domestic product (GDP) growth and a change in growth toward services has adjusted freight markets for both truckload and rail. Carrier Capacity. per gallon—which is now the lowest weekly average price since July 2009. Then share your thoughts on these topics and other issues that affect your business.
On January 4, the Shanghai Containerized Freight Index (SCFI) posted figures that showed week over week increases of 98% on West Coast rates and 77% on East Coast rates. The overall effectiveness of GRIs mainly stem from carrier utilization and market capacity. As reported by Alphaliner , the containership fleet grew 8.5%
In 2022, we predicted that consecutive multi-year rate and surcharge increases along with capacity restrictions imposed by major parcel carriers in times of high holiday volume periods were equally unsustainable. The open question is where or if excess capacity is deployed in other trade lanes or placed at anchor. Parcel Segment.
Since its founding in 2009, Kickstarter has raised more than $3 billion to fund almost 125,000 successful projects, for a total of over $5.3 You don’t want to scramble to find a fulfillment warehouse with capacity once you realize the orders are stacking up. Kickstarter Fulfillment. Billion in economic impact! What is your Strategy?
A specific statement that caught our attention indicated: “ Supply chains continued to recover from the immense pressure experienced through much of the past three-and-one-half years, as average vendor lead times shortened to the greatest extent since May 2009.” China’s expansion was noted as marginal by the end of Q1.
Since 2009, ocean carriers have faced many uncertainties—and they’re expected to continue for the foreseeable future. In my opinion, there will be more than one way to procure capacity, rates, and services for the 2016-2017 season. You probably have questions about what the 2016-2017 ocean contract season will bring. Consolidations.
Not that long ago, they were the only way people listened to music, peaking at 23 million units sold in Q1 2009. The annual fixed-price contract is the current go-to for ocean freight procurement. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way.
How Freight Disrupted Itself. In the last year, a new dynamic has begun to reshape the freight industry. Phil knows his (freight) stuff. In his PhD thesis he developed a product to secure ocean freight rates with financial derivatives. Declining Freight Rates. Suddenly the freight industry is not so opaque.
There was a deceleration in freight volumes during the second half of 2015 which continued into the first month of 2016. So, that tells me that the inventory situation continues to weigh on truck freight volumes. percent in December from November , with December 2015 freight shipments down 2.0 percent from December 2014.
It is also interesting to frame up this discussion in terms of capacity in recent years – something that is never quite certain. Capacity tightened up in 2014 , but then loosened again in 2015. Now, in 2016, the industry is seeing recessionary levels of excess truckload capacity similar to those of 2009.
This downturn stems from tariff-related effects, particularly the early April tariffs and persistent overcapacity, extending the current freight market downcycle. While volumes should improve following the tariff reprieve, multiple pull-forwards in freight demand earlier in the year will likely result in payback periods. from 50.9,
This new product offers the capacity to meet market demand and will grow as we move forward. We look forward to serving our customers with this expanded capacity and service.” We have reached an agreement and service is currently underway,” spokeswoman Kendall Sloan said in an email to Trains.
logistics costs fell last year for the first time since 2009, reflecting concern within the industry. There has been a trend of increasing fleet size in response to a “capacity crunch,” yet the number of unused Class 8 trucks increased 53 percent last year. Freight Fragmentation and Spread Are Causing Issues in Carrier Networks.
As a result, widespread reroutings of ocean container traffic away from the Suez Canal continue, and ocean freight rates have begun to spike. This dispatch includes an update on the attacks and the ensuing implications for global freight. Freightos Terminal data shows that Asia – N. America East Coast peak of $22k/FEU.
Transplace Updates, Enhances TMS Freight Allocation Module 2.0. Con-way Freight Announces 2013 General Rate Increase. Freight Shipments Fell 1.2% provides greater flexibility in establishing how the freight is presented to authorized carriers, and the amount of visibility carriers have into the progress of the auction.
As we see this year, there are more cars on the road (meaning carriers want that attractive freight), and we are also seeing tight capacity. Don't let the bird not be the star of the show, make sure your freight is ready to go! That’s not just good news for consumers; capacity is opening up for freight carriers.
The LTL carriers are getting good freight from 3PLs, so the relationship is working in many ways. Tonnage shipped via LTL has steadily risen since the market lows of 2009. The increased tonnage, the driver shortage along with better asset utilization has reduced capacity. However, there is much room for improvement.
More Resources Home January 3, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices stayed level at $5.85/kg
Get deep insights with business intelligence based on historical truckload pricing trends, plus demand and capacity data to help you make better business decisions. Financial markets are largely driven by emotion, but freight flows are not. infrastructure in many industries is showing signs of being at or near full capacity.
Why is freight pricing reaching historical records? Despite the crisis, the market rules out seeing the low prices that helped the economy and international trade recover after the 2009 crash, which will give inflation a boost. In essence, all these factors add up to increased pressure on short-term freight rates.
With the slowdown in the shipping industry imminent, not considering the current capacity crunch, it is evident a greater understanding of LTL shipping is needed. Obviously, furniture customers will not be happy if a huge shipment damages the freight due to being put on top of it, meaning furniture renders above storage space unfilled.
LTL, or Less-Than-Truckload shipping, represents the transport of freight that doesn’t require an entire truck’s space. formerly known as YRC Freight, sent shockwaves throughout the transportation industry due to its dominant position. The Decline and Bankruptcy Customers started pulling their freight rapidly.
The report begins with a few slides dedicated to the financial collapse of 2008-2009 and it’s lasting impact on the over the road (OTR) industry. The coming capacity truck capacity crunch. If moving freight is part of your job, download this valuable report and get to know the guys at Carrier Direct. Bottom Line.
While these financial pressures have been ongoing since 2009 due to several factors, overcapacity was certainly one of the most prevalent. Ocean carriers continue to see their average operating margin dip below zero as rates fell to their lowest levels since 2009. Sri Laxmana has been with C.H.
Carrier Alliances: Alliances cover multiple VSAs and carrier members jointly operate and decide on major service routes, new services being introduced, transit/service levels and capacity controls. During the Great Recession of 2007-2009, demand decreased rapidly for container shipping, causing a chain reaction for carriers.
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