Monday, August 01, 2011
When all is said and done, history may reveal that the Great Recession was cruelest to the carriers that make up the national less-than-truckload (LTL) category. As our John Schulz has been reporting over the past year, the overall LTL market has been less than profitable for many of the top carriers in this $27.5 billion sector, which has been plagued by overcapacity, high overhead costs, and staggering losses from its largest players.
As more attention is being paid to volatility in the supply chain, many shippers are reassessing their global sourcing and distribution strategies. Will multinationals retreat to a hemispheric, near-shoring model or opt for a hybrid that maintains an international component?
In its July report, the ISM reported that the index it uses to measure the manufacturing sector—known as the PMI—was 50.9 percent. This represents a 4.4 percent drop from June’s 55.3.
As Logistics Management readers know, the first half of 2011 marked a changed attitude among ocean carrier executives who voiced positions of compromise and a new service-oriented attitude. But now we’re not sure if ocean shippers are really buying it. We’ve gathered a trio of prominent association executives and industry insiders to hear their opinions on how the new “era of collaboration” is progressing. Our panel also weighs in on the potential impact the Panama Canal expansion will have on U.S. ports as well as the possible affect growing equipment and capacity constraints could have on this year’s Peak Season.
If natural gas continues to be significantly less expensive than diesel, it would make sense that some portion of the transportation sector would convert from diesel to natural gas. But in doing so, demand for diesel would decline relative to demand for natural gas—and this would cause price convergence. How are are we from this reality?
UPS recently announced in its annual Sustainability Report that it is continuing to reduce the amount of fuel used per each delivered package it moves in the United States.
For nearly three decades, LM’s
Quest for Quality has been regarded in the transportation and logistics industry as the most important measure of customer satisfaction and performance excellence.
This deal spells relatively good news for the economic engines that drive our country at a time when we can least afford to lose any signs of momentum whatsoever.
The mainstream business press is reporting that Asian financial markets are on the rebound as a consequence of news that the U.S. will avoid a default on its debt obligations. This was not the only story to celebrate this week, however.