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Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reportedcargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. With the reduction in cargo coming out of Shanghai, some carriers aren’t able to fully load a vessel. s CargoNet.
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A Pitney Bowes study forecasts ecommerce shipments to double by 2026 and that 90% of US consumers expect free two-to-three-day shipping. However, it took a pandemic to 'discover' the last mile as many providers failed to deliver on time, and shipping costs increased. Where's my package? I wear a number of hats these days.
During FedEx’s fiscal second quarter for the period ending November 30, the company noted that its Ground Commercial (B2B) delivery service reported an 8.7% “Of the $470 million, we estimate $230 million was incurred in higher wage and purchase transportation rates. Year-to-date through November, retail sales are up 18.3%
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