article thumbnail

Breaking- Dave Clark Announces Departure From Flexport

Supply Chain Matters

Since then, other reports including that of The Wall Street Journal have followed. The acquisition included the online shipping platform technology of Deliverr , which Shopify acquired in May of 2022 for $2.1 The initial headline emanated from business broadcasting network CNBC.

article thumbnail

Why the Great Driver Shortage Is Now Top of Mind for Shippers & a Driver of a Capacity Crunch

GlobalTranz

Cassidy of the Journal of Commerce (JOC), and the continued climb of the stock market alludes to an imminent, modern-day Industrial Revolution. In addition, wages and benefits for truckers now exceed commutative fuel costs, making the driver shortage responsible for increasing freight shipping rates.

Capacity 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Wall Street Journal ). Wall Street Journal ). Wall Street Journal ). Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Wall Street Journal ). Wall Street Journal ).

article thumbnail

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

A recent story in the Wall Street Journal trumpeted that “ The job market doesn’t get much better than this. The Journal cited the case of one individual who dropped out of high school in the 10th grade and started selling drugs, which eventually led to a lengthy incarceration. economy has added jobs for 100 consecutive months.

DC 40
article thumbnail

3 ways retail warehousing impacts profitability

6 River Systems

With online retail penetration projected to reach 25% by 2026, that means 75,000 stores could be forced out of business by that same year. of consumers surveyed cited speed as the most important factor related to shipping, and 28.6% of all warehouse space available in the first quarter of 2020, according to Statista.

article thumbnail

Looking Back at Previous Capacity Crunches & How Shippers Responded

GlobalTranz

Gross of the Journal of Commerce (JOC). Also, the driver short has continually grown worse for the last eight years, and it is expected to continue through 2026, asserts Iris Kuo of Trucks.com. In response, shippers are devoting larger portions of the education budgets to shipping directly to consumers.

article thumbnail

Automation is here and transforming logistics

Resilinc

But as reported by the Journal of Commerce on May 19, employers say automation “is needed to increase capacity and keep the ports of Long Beach and Los Angeles competitive” and reduce operating costs. According to The Maritime Executive , Shanghai port authorities expect automated operations to handle 30 million TEU by 2026.