Tuesday, May 05, 2015
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.8 in April which was 1.3 percent above March and also 0.5 percent above the 12-month average of 57.3. Economic activity in the non-manufacturing sector has grown for the last 63 months, according to ISM.
Posted on 05/05 at 10:41 AM
Non asset-based 3PL XPO Logistics reported solid first quarter earnings last night, with total gross revenue seeing a 148.9 percent annual gain at $703.0 million and net revenue up 349.0 percent to $262.2 million. Despite the significant gains in total gross revenue and net revenue, the company had a $14.7 million quarterly net loss, which marked an improvement compared to a $28.3 million net loss a year ago.
Posted on 05/05 at 09:16 AM
XPO Logistics •
Monday, May 04, 2015
So far, so good may be the best way to describe the current state of progress in the negotiating process regarding the announcement made last month by FedEx that it plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion.
Posted on 05/04 at 09:12 AM
A new study, “Understanding Risk Assessment Practices at Manufacturing Companies,” uncovers complex business risks and disruptors facing manufacturers, and a pressing need for the industry to evolve its risk assessment capabilities.
Posted on 05/04 at 08:33 AM
Led by perennial earnings champ Old Dominion Freight Line, the nation’s LTL carriers as a group are enjoying a particularly strong earnings season—especially when one considers the first quarter usually is the slowest period for trucking in general with harsh winter weather bearing down on earnings.
Posted on 05/04 at 08:21 AM
Friday, May 01, 2015
Well-run private fleets continue to set the gold standard for service, safety, and accountability. However, operating a highly efficient fleet takes work—and money. Increasingly, private fleet managers are operating a “blended” operation, alternating between their own trucks and for-hire options to help mitigate costs.
Rather than sinking more money into manual processes, many logistics managers are turning to labor management systems (LMS) to better control one of their biggest costs. With more use, our analysts see LMS transitioning from performance reporting to enabling more forward-looking analytics and planning.
Forwarders who specialize in the controlled temperature marketplace are facing more regulations now than ever. But by bringing new technology into the fore, they can quickly meet compliance standards and differentiate their service. Here’s some advice for shippers looking to solve the “cold chain” challenge with the help of a third party.
Fleet costs don’t stop at the purchase price. Today, expanded collaboration between fleet managers, dealers, and finance partners is changing the way fleet costs are managed over time.
At this time last year, West Coast port congestion was a speculative concern. Now that shippers have seen the worst case scenario unfold, many analysts feel that Gulf and East Coast ports are ready to pull in more vessel calls at peak season this year. Is a “battle royale” waiting for the bell?