Supply chains are facing new pressures as companies seek cost savings
March 18, 2024
Boston Consulting Group report finds that 65% of executives are prioritizing supply chain and manufacturing costs.
Progress is made in FTR Trucking Conditions Index but growth rate remains negative
March 18, 2024
The new edition of the Trucking Conditions Index (TCI), which was recently issued by freight transportation consultancy FTR, saw some signs of improvement but again remaining short of growth.
Ambitious charging, refueling heavy truck network plan unveiled by Biden administration
March 17, 2024
The Biden administration just released its plan to establish a charging and refueling infrastructure network for zero-emission commercial trucks. It’s an ambitious initiative that seeks to maximize the impact of charging infrastructure investment by guiding development toward high-volume-priority corridors and existing freight hubs.
Explaining hoarding for the Post-COVID inflation for goods
March 15, 2024
Did the fear of product shortages contribute to the rapid price increases?
U.S. rail carload and intermodal volumes are mixed, for week ending March 9, reports AAR
March 15, 2024
Rail carloads, at 214,585, fell 3.7% annually, and intermodal containers and trailers, at 258,077, saw a 13.5% annual gain.
February retail sales see gains, reports Commerce and NRF
March 14, 2024
Commerce reported that February retail sales, at $700.7 billion, rose 0.6% compared to January and were up 1.5% annually. NRF reported that February’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants, saw a 0.2% seasonally-adjusted increase over January and a 5.5% annual increase on an unadjusted basis.
GXO’s acquisition of Wincanton remains on track for completion by late April
March 14, 2024
The pending acquisition of Chippenham, UK-based Wincanton, a supply chain solutions services provider across myriad vertical markets, by Greenwich, Conn.-based global contract logistics services provider GXO Logistics appears to remain on track, according to a “scheme of arrangement” recently issued by Wincanton.