STB Chairman Martin J. Oberman retires
May 13, 2024
Late last week, the Washington, D.C.-based Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, said that Chairman Martin J. Oberman has officially retired.
LM reader survey drives home the ongoing rise of U.S.-Mexico cross-border trade and nearshoring activity
May 13, 2024
The survey’s findings were largely positive, in terms of the attitude and approaches shippers are taking to setting up shop in Mexico, coupled with the ones that plan to make inroads there.
USPS cites continued progress in fiscal second quarter earnings despite recording another net loss
May 10, 2024
Operating revenue, at $19.7 billion, were up 2.1%, or $410 million, annually, and total quarterly volume, at 28.011 million pieces, fell 2.1% annually. USPS also reported a quarterly net loss of $1.5 billion, compared to a $2.5 billion quarterly loss a year ago.
U.S. rail carload and intermodal volumes are mixed, for week ending May 4, reports AAR
May 10, 2024
Rail carloads, at 213,410, fell 5.1% annually.Intermodal containers and trailers, at 249,696, were down 4.9% annually.
New Ryder analysis takes a close look at obstacles in converting to electric vehicles
May 9, 2024
The analysis, entitled “Charged Logistics: The Cost of Electric Vehicle Conversion for U.S. Commercial Fleets,” takes a deep dive into the myriad challenges related to converting to EVs, including what it called evolving state and federal legal requirements focused on transitioning to zero-emissions vehicles.
Norfolk Southern shareholders sign off on 10 board of directors nominees
May 9, 2024
Facing questions about its leadership in advance of its Annual Meeting of Shareholders today, due to a proxy bout and attempted management takeover by activist investor Ancora Alternatives LLC, Atlanta-based Class I railroad carrier Norfolk Southern is likely breathing a collective sigh of relief today.
Inflation and economic worries are among top supply chain concerns for SMBs
May 9, 2024
Study finds that 45% of SMBs are concerned with inflation as they seek to improve their supply chains.
Port Tracker report is bullish on import growth over the balance of 2024
May 8, 2024
For March, the most recent month for which data is available, Port Tracker reported that import volume, for the ports covered in the report, came in at 1.93 million Twenty-Foot Equivalent Units (TEU), down 1.4% compared to February and up 18.7% annually, a period when Asian export activity was slow on the heels of Lunar New Year shutdowns, it noted.
National diesel average falls for the fourth consecutive week, reports EIA
May 8, 2024
The national average, at $3.894 per gallon, fell 5.3 cents, below the $3.947 national average, for the week of April 29.
New Descartes’ study examines consumer preferences, changes, and shifts in e-commerce home delivery preferences
May 7, 2024
A new study issued today by Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings, showed some disparities in the intersection of online buying and home delivery processes. The study, entitled “Online Buying Grows But Too Many Customers Still Experiencing Delivery Woes,” was based on feedback from 8,000 consumers surveyed by Descartes and SAPIO Research, across Europe and North America over the first quarter. This is the third annual edition of Descartes’ e-commerce home delivery report.
Potential Canadian rail strike could damage the country’s economy
May 7, 2024
Over 9,000 rail workers poised to walk off job, disrupting critical transportation routes used by various industries.
C.H. Robinson highlights progress of its AI-focused offerings with a focus on automating shipping processes
May 7, 2024
Taking steps to leverage Artificial Intelligence (AI) in order to automate various types of shipping transactions conducted over e-mail, Minneapolis, Minn.-based global third-party logistics (3PL) services provider and freight forwarder C.H. Robinson (CHR) today heralded the progress it has made on that front, calling the utilization a key step in breaking “a long-standing barrier to automation.
UPS announces CFO Newman to leave company, effective June 1
May 6, 2024
Atlanta-based global freight transportation and logistics services provider UPS said that effective June 1, Executive Vice President and Chief Financial Officer Brian Newman will leave the company.
Preliminary April North American Class 8 net orders are mixed
May 6, 2024
FTR reported that preliminary April net orders, at 14,400 units, were off 25% compared to March and 12.5% annually. And it added that over the last 12 months, total Class 8 orders were at 267,700 units. ACT reported that April Class 8 orders, art 15,600 units, were off 1,800 units compared to March, while posting a 30% annual gain, in what it called a very easy year-ago comparison.
Senators take a close look at Amazon with Warehouse Worker Protection Act
May 6, 2024
The proposed legislation aims to regulate the use of productivity quotas and improve safety for workers.
Despite American political environment, global geopolitical risks could be easing
May 6, 2024
While there is plenty of danger around the world, the reality of interconnected supply chains may be prevailing.
Maryland DOT: $1.9 billion and up to four years to rebuild bridge sunk near Baltimore port
May 6, 2024
It will take just over four years and up to $1.9 billion to rebuild the Francis Scott Key Bridge after it was hit by a cargo ship and fell into the Patapsco River, according to an estimate by the Maryland Department of Transportation. The state plans to build a new span by the fall of 2028, spokesman David Broughton said. He also said it will likely cost anywhere from $1.7 billion-to-$1.9 billion to rebuild the span after the container ship Dali lost power...
April Services PMI contracts after 15 months of growth, reports ISM
May 3, 2024
The Services PMI, at 49.4 (a reading of 50 or higher signals growth) fell 2.0%. The last time the index contracted was in December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020, when it came in at 45.4.
2023 industrial big-box leasing activity heads down but remains on a steady path, notes CBRE report
May 3, 2024
In the report, entitled “2024 North America Industrial Big-Box Review & Outlook,” CBRE said that Food & Beverage was the third most active occupier for big-box leasing activity, at 8.6%, with Automobiles, Tires & Parts, E-commerce Only, and Building Materials & Construction rounding out the top six, at 7.0%, 5.4%, and 5.3%, respectively.
U.S. rail carload and intermodal volumes are mixed in April, reports AAR
May 3, 2024
Rail carloads, at 848,882, were down 6.5%, or 58,751 carloads, annually. Intermodal containers and trailers, at 1,018,569 units, increased 8.6%, or 80,471 units, annually.