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bans exports by Oregon freight-forwarder in warning shot to industry Container losses fall to record low Warehouse wages rise to average of $18.99 An Oregon freight-forwarder was hit with an export ban in what officials said was a warning to companies to heed restrictions on the shipment of sensitive technologies to countries the U.S.
Having been featured in CNBC, the Wall Street Journal, MarketWatch, Bloomberg, The Loadstar, CBS News, Freight Waves, and Transport Topics, Brashier lends his expertise on US and global supply chain matters. Episode Sponsor: Greenscreens.ai Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. The Greenscreens.ai
and Canada allow DTC ecommerce brands and retailers to ship faster and reduce freight costs. Fulfillment locations include New York, California, New Jersey, Kentucky, Nevada, Canada, and the United Kingdom. Locations across the U.S. Learn More About The Pain of Picking the Wrong 3PL. Esther Kestenbaum Prozan LinkedIn.
The dynamic could represent an improving freight market, but it also reflects transportation companies offsetting higher operating costs through rate increases. (The report classifies a reading over 70 as “significant expansion.”) The pricing index has outpaced the capacity index for 13 straight months. than at larger entities (56.7).
Cerasis is by legal definition a freight broker. Although our claim to fame is our web based TMS freight rating technology, the Cerasis Rater , which includes a technology suite of products and integrated managed transportation services , it is in our interest to understand the future of freight and how we as freight brokers fit in.
They will range from order fillers to freight handlers at the company’s more than 250 distribution centers, fulfillment centers, and transportation offices. Both facilities will be located in Southern Nevada. Speaking of the holiday season, Walmart is planning to add 20,000 supply chain employees ahead of the anticipated holiday rush.
and Canada allow DTC ecommerce brands and retailers to ship faster and reduce freight costs. Fulfillment locations include New York, California, New Jersey, Kentucky, Nevada, Canada, and the United Kingdom. Locations across the U.S. Learn More About The Pain of Picking the Wrong 3PL. Esther Kestenbaum Prozan LinkedIn.
freight rates have reached their lowest levels in nearly six years. In essence, it is confirmation of a freight recession condition. Freight Rates Reach Six Year Low Milestone first appeared on The Ferrari Consulting and Research Group / Supply Chain Management. percentage points below the February value of 54.7,
As we move into the back half of May, the freight market is starting to show signs of an expedited rebound. . Th ese conditions have caused a more favorable freight environment. That is e specially the case for outbound freight in southern states and California where produce season is in full swing. . Logistics? ? .
The war concluded with Mexico losing a significant portion of its territory, including present-day California, Arizona, New Mexico, Texas, Nevada, Utah, and parts of Colorado and Wyoming. Just twenty-five years after gaining its independence, Mexico faced a war with the US - The Mexican-American War (1846-1848). –Mexico border.
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
The 177,238-square-foot facility will serve Stord customers in the Southwest and across Northern California and is set to bring hundreds of jobs to Nevada over the coming years. "We Stord connects warehousing, freight and fulfillment with intelligent supply chain software to ensure orders are delivered on time to the right location.
Today, there are 8 states in the country, including Nevada, California, Michigan, Florida, North Dakota, Tennessee, Utah, and Arizona that are allowing the testing of self-driving vehicles on certain roadways.”.
7-Eleven and Google teamed up for drone deliveries from a 7-Eleven store in Nevada, Amazon delivered an order via drone in the UK , Domino’s delivered a pizza by drone in New Zealand , and JD.com delivered orders in rural China via drone. Drones for Good Like self-driving vehicles, there was plenty of press surrounding drones in 2016.
Stagnation of Air Cargo and Sea Freight Rates. Daimler has developed a driverless truck and a license to test it on public highways has been granted in Nevada. This means that they will need to provide multiple channels or delivery and charge for them. This truck may offer the solution many have been waiting for.
Jim Hoefflin, president and COO of logistics, Kewill Driverless trucks, currently being tested in Germany and Nevada, could be revolutionary to the supply chain and might be the solution to the truck driver shortage that’s poised to have a huge negative impact on the industry. All of your denied party lists are already loaded for screening.
The oil and gas industry impacts freight transportation in four significant areas: Diesel Prices. I was chatting with Ben Spilger from our Reno office about this when he said, “I can’t count the number of people I’ve met in Nevada with friends or family at least considering moving to North Dakota.” Driver Shortage.
Still, lithium batteries and similar goods are categorized as dangerous goods, which imposes restrictions and compliance requirements among airlines, ground handlers, freight forwarders and shippers across the supply chain. GAO suggests that many freight and commuter railroads may require one to five years to finish implementation.
Find the case where a customer node is right near the Alabama warehouse but is shipped from the Nevada warehouse. But this is the real world and reflects the optimum use of the freight market. Great, see how I saved $948K? Now look closely, find all the crisscrossed lines. Figure 1 – Actual Historic Shipments.
The authors point to the delivery time disruptions occurring in China , an increase in air freight costs from the U.S. At this point the overall numbers suggest that the freight market is regressing back towards the mean.”. Readers can dive into the data to ascertain specific increases in volatility components.
Noted was that one of the busiest times in freight logistics, the seasonal back-to-school retail stocking period, likely did not materialize. The reported May value of 47.3 compared to the April value of 50.9, and was noted as a “ new all-time low and for the first time in its 6.5-year year history it has moved into contraction territory.”
While 209,000 workers were added in June, 14,000 freight and parcel carriers were cut and 6,900 warehousing and storage jobs were lost. Last week we cited a report by The Wall Street Journal indicating that the CEO of the globe’s largest freight forwarder, Kuehne + Nagel , indicated that “ There’s no peak season to be expected in 2023.”
A year ago, it was reinforcing evidence of a freight and logistics industry recessionary period, including a noteworthy inventory overhang across retail channels. His message for transportation and logistics services providers: “ Looks like this is finally the end of the freight recession.” for July, up 1.2 was rather significant.
The Logistics Managers Index Report® , compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of Supply Chain Management Professionals (CSCMP) , reported a September value of 61.4,
The canal disruption is further noted as having more freight being routed to U.S. The reported November value of 49.4 declined a significant 7.1 percentage points from that of October. Specifically noted is the impact of higher fuel prices within China having ripple effects globally in the coming winter months.
LTL Carrier Profile: YRC Freight. YRC Freight is the third largest less than truckload (LTL) carrier with approximately $3.2B YRC Freight has 9.2% YRC Freight is the largest subsidiary of YRC Worldwide Inc. LTL Carrier Profile: YRC Freight Equipment & People. LTL Carrier Profile: YRC Freight Service Area.
Produce season transportation can have an impact on your freight, even if you do not ship grains, fruits, or vegetables. Kansas’ produce season transportation spikes influence freight capacity and rates in early summer continuing through August. If dealing with North Dakota freight, expect some capacity fluctuations around this time.
Supply Chain Matters Takeaways For the logistics and transportation sector, the latest June 2023 LMI data reinforces that a contractionary or freight recession period remains and can likely extend itself based on whether the U.S. The June value of 45.6 declined 1.7 percentage points from the May value of 47.3, and a significant 5.3
Part of this decrease may be attributed to temporary declining freight volumes as regions in Asia continue to deal with COVID-19 related suspensions of production, shipping or transport operations. That compares to $9,279.46 per 40-foot container reported at the end of February. This index stood at $9,304 at the end of 2021.
Con-way Freight Introduces Drive Safe Systems™. FedEx Freight to Increase Shipping Rates. Meanwhile, Con-way Freight announced the full deployment of Drive Safe Systems™, a suite of advanced on-board “monitor, sense and alert” technologies. Is Walmart’s WAVE Concept Truck The Fuel-Efficient Future Of Semis? Yahoo Autos ).
The first challenge featured 15 self-driving cars trying to navigate a 142-mile course between California and Nevada. The logistics industry offers a number of promising applications in freight yards and distribution centers. None of the robotic cars successfully finished the race. There were subsequent challenges in 2005 and 2007.
New Overtime Rules "A Slap in the Face" to Freight Brokers. Regarding the Texas lawsuit, it’s unclear whether the court will hold a hearing or issue any decision before December 1, according to Will Sehestedt, government affairs manager for the Transportation Intermediaries Association (TIA), a trade organization for freight brokers.
The number of loads available on the spot market last month was also up more than 100% compared to February 2016, which is a pretty good sign that the freight recession really is over. Since the freight coming out didn’t pay very well, inbound lanes paid more. The freight market in L.A. The rest stayed put.
We’ve talked about the truck driver shortage and its potential to disrupt domestic freight shipping: fewer people are choosing to become truck drivers, leading to a serious dip in truck capacity in only a few years. Automakers like Volvo are already testing prototypes in Nevada. A few companies have found the answer.
Every freight brokerage uses one— or a combination of— four main booking structures: 1) Outbound region, 2) Inbound region, 3) ‘Carrier manager' model, and 4) ‘Free for All.' Freight Brokerage ‘Booking Structures’ 1: Outbound Region The outbound region model is also referred to as the ‘outbound state’ model.
Then, just when you'd expect the market to calm down, there was another wave of demand this week -- and not enough trucks to deliver the freight. Florida and Texas were still Hot States on the reefer map at mid-week, and load-to-truck ratios were elevated throughout most of the North American continent, except California and Nevada.
With all the craze about new self-driving cars, it’s easy to overlook what may be a more impressive feat: self-driving freight trucks. Right now, the truck is only licensed in Nevada, but this is just the beginning. For the time being, these trucks are limited to the highways of Nevada.
Every freight brokerage uses one— or a combination of— four main booking structures: 1) Outbound region, 2) Inbound region, 3) ‘Carrier manager' model, and 4) ‘Free for All.' Freight Brokerage ‘Booking Structures’. Therefore, freight brokerages need a great deal of load volume to optimize this model correctly.
We aren’t fortune tellers at FreightCenter, but we have been in the logistics business long enough to predict what you’re about to ask: H ow much is the cost of freight to (insert destination) ? We’ll break it down and give you an idea of what’s involved in calculating freight cost wherever you’re shipping. Classification.
Several factors can impact the cost of freight shipping, including your shipment’s weight, dimensions and any special handling requirements, such as temperature or shape. Yes indeed, freight shipping prices do vary by state. Additionally, our freight experts are here to guide you through the process if needed.
Continuing the regional theme out of Nevada: Flatbed rates from Reno to Seattle rose to $2.97/mile. Florida has a balance problem, where the demand for inbound freight is much higher than the demand for outbound trucks. Las Vegas to Phoenix also jumped up to $2.97/mile. Rock Island, IL, to Minneapolis rose at an average of $3.71/mile.
Several factors can impact the cost of freight shipping, including your shipment’s weight, dimensions and any special handling requirements, such as temperature or shape. Yes indeed, freight shipping prices do vary by state. Additionally, our freight experts are here to guide you through the process if needed.
Several factors can impact the cost of freight shipping, including your shipment’s weight, dimensions and any special handling requirements, such as temperature or shape. Yes indeed, freight shipping prices do vary by state. Additionally, our freight experts are here to guide you through the process if needed.
Spot market van volumes slipped last week, with some energy sector freight leaving the van marketplace. Tomato harvests obviously equal more reefer freight, but processed and canned tomatoes in paste and sauces also lead to more van freight. For flatbed , the national average was the highest it's been in nearly two years at $2.09/mile.
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