Wednesday, August 01, 2012
The Great Recession didn’t slow it down, and now economic woes throughout Europe don’t seem to be impeding its progress. The global third-party logistics (3PL) industry just keeps rolling along, as merger and acquisition (M&A) activity heats up and the world’s providers report decent revenue growth.
As if navigating the Great Recession, earthquakes, tsunamis, terrorist threats, revolutions, volcanos, and high fuel prices over the past 24 months wasn’t enough, along comes the European economic crisis to tug on the wings of world’s leading air cargo carriers.
Global manufacturing and retail shippers now have their eyes firmly fixed on the tentative economic condition of Europe, attempting to calculate the eventual impact the situation will have on supply chain operations in the region and the rest of the world.
Our technology correspondent takes a closer look at what wireless technology is being adopted, how it’s being used, and what benefits logistics professionals are deriving from their mobile investments either inside the four walls or on the road.
While adoption remains low, savvy managers are putting engineered labor standards and related labor management systems to work to jumpstart productivity and gain a new level of operational visibility. Here’s how they’re getting it done.
Analysts agree: One of the greatest challenges facing both shippers and carriers over the next year will be rebuilding relationships on the high seas.
With pricing power back in the hands of the rejuvenated LTL sector, carriers are now laser focused on margins while concentrating on profitable freight.
Net income of $41.8 million—or $0.74 per share—was up 30 percent annually. And operating income—at $80.1 million—saw a 33.2 percent annual improvement, with revenue—at $1.45 billion—seeing a 7.2 percent improvement.
Posted on 08/01 at 02:04 PM
Con-way Freight •
On the heels of June, which registered its lowest monthly reading in three years, July’s Manufacturing report on Business from the Institute for Supply Management (ISM) was fairly flat in comparison.
Trucking interests are back in court challenging the government’s latest attempt to reduce the hours a truck driver can legally work—and they are getting some help from some of the largest shippers in the nation.