Friday, August 01, 2014
According to Evan Armstrong, president of 3PL consulting firm Armstrong and Associates, U.S. 3PL gross revenue in 2013 saw annual gains, up 3.2 percent over 2012 at $146.4 billion. He says that while global trade and economic activity serve as the “ultimate drivers” of market growth, the maturity of competitive service offerings and the size of major players are contributing to slower growth rates.
As noted in the 25th Annual State of Logistics Report, the air freight industry has been facing chronic overcapacity and deteriorating yields—and data surfacing in new research mirror these findings.
For over 30 years, Logistics Management’s Quest for Quality Survey has been regarded in the transportation and logistics industry as the most important measure of customer satisfaction and performance excellence—and the annual Quest for Quality Awards Dinner has been widely considered the best evening of the year for carrier and 3PL executive networking.
The P3 Network was nixed in June, and now the world’s largest ocean cargo carriers are facing a vexing dilemma: how to reorganize global services and still make money. Meanwhile, shippers will be forced to manage other huge carrier partnerships during this peak season.
With ERP vendors gaining traction in the supply chain execution market, top analysts suggest that best-of-breed providers are going to need to step up their game. We dissect the intersection of ERP and supply chain management software and discuss how the cloud could drive further progress.
Long regarded as upstarts, today’s emerging markets are demanding respect as they vie for genuine contention in today’s global marketplace. These climbers are concentrating on their logistical advantages to capture market share and attract new investment.
Once seen as a necessary evil, lift truck maintenance costs prove ripe for efficiencies that save money and boost productivity. We look into new best practices and technologies that help introduce discipline into fleet management.
Carriers are enjoying a solid 2014, but warn of a pending capacity crunch as driver availability worsens amid tighter federal regulations. Bottom line: Shippers who choose not to collaborate with their carriers and streamline operations will most certainly be hit with higher rates.
The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.
Posted on 08/01 at 01:15 PM
The editorial staff of Logistics Management would like to thank the readers who took time out of their busy schedules to complete and submit the 2014 Quest for Quality ballots. This year, 7,451 readers offered their valuable insight and helped Logistics Management maintain the Quest for Quality as the premier benchmark study of logistics and transportation service excellence for 31 years.
Posted on 08/01 at 11:55 AM
Quest for Quality •