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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Target has been testing high-capacity van routes at Dallas and Minneapolis sortation centers. Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC).

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Spot Market Freight Rates Soar After Hurricane Harvey

DAT Solutions

Most of the major van markets actually had fewer outbound loads available, though, and most regular freight heading to Houston was canceled. Dallas rates also soared, as some freight was diverted to that busy freight hub. In the other direction, Chicago to Minneapolis jumped up 33¢ to $2.60 per mile.

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Crime is Adding to Supply Chain Woes

Enterra Insights

Journalist Zusha Elinson ( @ZushaElinson ) explains, “A recent rash of thefts by fast-moving mobs at stores in the Bay Area and outside Minneapolis were organized on social media and committed by people who often didn’t know one another, according to law-enforcement officials investigating the incidents. ” Concluding Thoughts.

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The Great Store Redo

Cathy Roberson

In four of its Minneapolis test stores, Best Buy reduced the shoppable square footage to 15,000 square feet to provide more space for fulfillment. While all stores ships online orders, Best Buy is consolidating ship-from-store units in a limited number of stores across the country to drive efficiency and effectiveness.

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Reefer Freight Adjusts to Post-Holidays, Post-ELD

DAT Solutions

The demand for refrigerated trailers peaked at year-end, but the extra-cold weather in many parts of the country has kept prices at record-setting levels in many areas, since those trailers are being used to keep freight from freezing. Green Bay to Minneapolis also jumped up 48¢ to $3.49/mile Nogales to Los Angeles surged to $3.36/mile.

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This Week in Logistics News (May 8-12, 2017)

Talking Logistics

Maersk Executives Call a Bottom in the Shipping Container Market (WSJ – sub. Amazon cuts free shipping minimum to $25 (Reuters). Target to test next-day delivery service in Minneapolis (Reuters). March 2017 Freight Transportation Services Index (TSI). New York to allow self-driving vehicle testing (Reuters).

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Spot Freight Volumes Get Welcomed Boost

DAT Solutions

We got a welcomed surge of spot market freight to close out July. That would’ve led to more reefer trucks competing for van freight, and the extra capacity kept rates down. That would’ve led to more reefer trucks competing for van freight, and the extra capacity kept rates down. RISING LANES. FALLING LANES.

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