Wednesday, May 08, 2013
Non asset-based 3PL XPO Logistics reported first quarter results yesterday and also announced that it acquired Interide Logistics, a freight brokerage business.
First quarter revenue for XPO Logistics—at $114.0 million—was up 155.8 percent annually, and gross margin dollars increased 140.0 percent annually to $16.3 million, with gross margin percentage up 14.3 percent.
Posted on 05/08 at 12:46 PM
XPO Logistics •
Senator Frank Lautenberg (D-NJ) this week reintroduced legislation, entitled the Safe Highways and Preservation Act of 2013 (SHIPA), which is geared to keep bigger and heavier trucks off the road and apply existing federal truck size and weight limits to the entire National Highway System, rather than interstate highways, which is the case today.
Despite higher than expected transportation expenses being the primary factor in landed cost budget variances, most importers do not have a formal solution to manage international transportation.
While UPS and the Teamsters Union came to a tentative agreement on two, new five-year contracts for UPS’s small package and freight (less-than-truckload) business units last week, one of its key delivery services, UPS SurePost, may be subject to some changes if the deal is formally ratified.
Posted on 05/08 at 08:36 AM
Tuesday, May 07, 2013
Logistics providers face new and greater challenges surrounding their workforce. Rising costs, new capacity constraints, and higher customer demands have put additional pressure on service levels and profit margins.
Posted on 05/07 at 12:52 PM
white papers •
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Even though the economy is clearly not running on all cylinders, things are better than they were just a few years ago, especially in related supply chain, freight transportation and logistics sectors. And as things slowly get better, pricing has returned to the forefront as a balancing act between shipper and carrier relations. That was a main takeaway at the CEO Panel of the recently-concluded NASSTRAC Annual Conference in Orlando, Fla.
DAT said that first quarter sport market freight volumes were up 7.7 percent annually and 11 percent ahead of the fourth quarter of 2012.
Posted on 05/07 at 10:06 AM
The average price per gallon—at $3.845—fell 0.6 cents, which was three cents less than last week’s 3.6 cent decline, which was preceded by declines of 5.5 cents and 1.6 cents the previous two weeks.
Posted on 05/07 at 08:09 AM
Diesel Prices •
Monday, May 06, 2013
On paper, it would seem that a shorter ocean transit route would have a positive impact on the environment. But several scientists contend that the shift of some freight from the U.S. West Coast to the East Coast will represent no more than “a push,” when it comes to cleaning the air and addressing climate change.
Posted on 05/06 at 07:35 PM
Ocean Cargo •