Oil prices are subject to various economic and geopolitical shocks and are highly volatile. There are several factors dictating the price of crude depending upon where you are in the world. We’ll examine some of the main issues.
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Oil prices are subject to various economic and geopolitical shocks and are highly volatile. There are several factors dictating the price of crude depending upon where you are in the world. We’ll examine some of the main issues.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Transportation News, Reducing Freight Rates, Logistics News, Industry Trends, Technology
A waning demand for trucking services could be the early warning sign of a recession, data analysts and experts say. The trucking industry has long been an accurate measurement of the country’s industrial stability. When demand for trucking services is high, we are producing goods for transport at a strong level. When trucking demand falls, it means the economy’s slowing down. Coming out of the pandemic the trucking industry was strong suggesting a solid recovery. 2022 is suggesting the recovery may have stalled.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology, dimensional pricing
Despite the popularity of expedited delivery options like Amazon Prime the U.S. Post Office will increase delivery times significantly. More than a decade of losses has put the U.S. Postal Service in a dire financial situation. The biggest change in operations and the main reason for the longer delivery times stems from a reduced reliance on air transportation. About 20% of first-class mail was previously transported by air, but USPS said just 12% of mail will be sent by airplane under the new changes.
Read MoreTopics: Third Party Logistics, Transportation News, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology, dimensional pricing
On March 10, 2022, the Commodity Classification Standards Board (CCSB) issued Supplement 1 to NMF 100-AU. The National Motor Freight Classification® (NMFC®) class code changes will go into effect on April 9, 2022.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Industry Trends, Technology, dimensional pricing
Just when you thought the pandemic was coming to an end Shanghai is in a strict lockdown attempting to contain a resurgence of Covid cases. Shanghai authorities began an immediate lockdown of the city’s 26 million residents late on Sunday after mass testing found "large-scale" COVID-19 infections throughout the financial hub. “Even a sporadic and short-live Covid resurgence could bring notable shocks to consumption and continue to weigh on consumer confidence for months after the Covid wave subsides,” Bank of America analysts wrote. With the exception of falling crude oil prices, all of the fallout will likely have negative effects worldwide.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Freight Bill Audit, Shipping News, Logistics News, Industry Trends, Technology, dimensional pricing
Super shippers are renting entire cargo vessels @ $200,000 per day to ensure seasonal deliveries. Euroseas (NASDAQ: ESEA) confirmed this week that it chartered its 2009-built, 4,250-twenty-foot equivalent unit container ship Synergy Oakland for 60-85 days at a gross rate of $195,000-$202,000 per day starting in the second half of October.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Shipping News, Logistics News, Industry Trends, Technology, dimensional pricing
As we steadily emerge from the Corona Virus the Transportation industry is experiencing a myriad of changes. The trucking industry has had to react to unprecedented changes in operational and management procedure. Most everyone in any trucking or logistics company has had to adapt to the new normal. So, what is the new normal today and what can we expect in the coming years. There have been a myriad things that have impacted the way the industry has functioned and there have been several elements that have changed the way we work within the industry. Let’s examine some trends and try to make some predictions for the future of trucking.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology, dimensional pricing
The end of Covid may be in sight. With that in mind we must prepare for supply chain fluctuations as we emerge from this pandemic. Rarely have supply-chain leaders faced more complex, changing conditions than they have during the COVID-19 pandemic. We’re in uncharted territory. Not only should our planning be focused upon post-Covid planning but to also must include future pandemic readiness planning. We were woefully unprepared for this one.
Read MoreTopics: Third Party Logistics, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Industry Trends, Technology
Topics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Transportation News, Logistics Business, Maximizing Routing Efficiencies, Freight Bill Audit, 3D Printing, Shipping News, Logistics News, Industry Trends, Technology, dimensional pricing
With the economic recovery gaining steam amid an uncertain pandemic path, companies are scrambling to deal with increasing commodity prices, supply constraints, and higher wages caused by labor shortages. According to the U.S. Division of Labor Statistics in December, the Consumer Price Index for All Urban Consumers rose 0.5 percent, seasonally adjusted, and rose 7.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.6 percent in December; up 5.5 percent over the year.
Read MoreTopics: Third Party Logistics, Freight Bill Auditing, Reducing Freight Rates, Maximizing Routing Efficiencies, Shipping News, Logistics News, Industry Trends
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