Wednesday, August 01, 2012
Not even the great recession could slow down progress on the nation’s rails. In fact, over the past four years, rail and intermodal service provider Quest for Quality scores have steadily improved as more shippers put this time-tested mode to work to cut costs and mitigate capacity issues on the road.
Unlike their brethren on the highways, ocean carriers will not be reporting capacity restraint issues from their unique position on the high seas over the next 12 months. As Executive Editor Patrick Burnson reported last month in our expansive State of Logistics Report, nearly 60 new vessels of at least 10,000 twenty-foot equivalent units (TEUs) are being staged for deployment.
Due to the critical role our nation’s gateways play in the growth of global trade, the staffs of Peerless Research Group (PRG) and Logistics Management
felt the need to bring the Ports category back to the Quest for Quality Awards survey after a more than 10-year hiatus.
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.