Tuesday, February 02, 2016
UPS finished 2015 in solid fashion, with strong fourth quarter earnings results. Fourth quarter revenue at $16.1 billion was up 1 percent annually, and earnings per share were up 26 percent at $1.57, marking the fourth straight month of EPS growth. For all of 2014, EPS was up 14 percent annually at $5.43, which was an all-time high. Total operating profit also set a new record, up 54.3 percent at $7.7 billion.
Posted on 02/02 at 10:03 AM
UPS Freight •
Monday, February 01, 2016
Ten Southeast Asian countries launched a long-term plan to achieve regional economic integration within the next 10 years to better compete with China, Japan and South Korea. However, transportation infrastructure must be rapidly improved for this to happen.
Our panel suggests that carrier consolidation will continue, but will be largely confined to specific trade lanes and commodity niches. In the meantime, shippers and carriers must cooperate at an unprecedented level for sustainable solutions to emerge.
We examine the key drivers of global trade management (GTM) software growth and why more shippers will need to put it to work in the near future.
Distribution centers are dealing with more inventory and more SKUs than ever, and the need to fill orders for multiple channels is making inventory management more important and more complex. Here’s a list of tips for the omni-channel era.
The Institute for Supply Management (ISM) reported today that manufacturing activity again contracted for the fourth straight month.
Posted on 02/01 at 01:24 PM
ATA reported that the annualized turnover rate for large truckload carriers, which it defines as truckload fleets with more than $30 million in revenue, headed up 13 percent to 100 percent from the second quarter to the third quarter, representing the highest level it has hit in the last three years.
Posted on 02/01 at 11:18 AM
driver turnover •
Third-party logistics and freight transportation services provider XPO Logistics said late last week that it has commenced a workforce reduction for its less-than-truckload (LTL) unit, which it acquired from Con-way, when XPO acquired Con-way last year.
Posted on 02/01 at 09:47 AM
XPO Logistics •
Busy transportation managers are dealing with lots of news on a daily basis in the areas of domestic and international freight. For most U.S. shippers, the focus is on domestic issues of dimensional freight rates and hours-of-service (HOS) rule changes. For many shippers, it’s only when new regulations or process changes require action that they stop and look at their ocean freight costs, processes and business partners.