The much-beleaguered less-than-truckload (LTL) sector, which has been the slowest part of the trucking industry to recover from the Great Recession, is showing signs of life. Because of that, LTL shippers should be bracing themselves for higher rates and tighter capacity as LTL operators are showing greater pricing discipline amid the toughest government oversight since trucking was economically deregulated in 1980.
Successful labor management goes beyond the installation of software. Here’s a look at the implementation process and how one major retailer uses its program as a tool for continuous process improvements—with multi-layered benefits.
Logistics professionals are certainly moving toward mobile applications to improve overall supply chain operations, but just how fast is it happening? Our technology correspondent gives us a reality check.
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.