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Latest WMS News

Lean on Your Digital Twin to Optimize Performance

Sat, 04 Jul 2020 20:17:09 -0400

In this session, we’ll explain why your digital twin needs to be a sandbox extension of your planning & operations platform – one that applies different statistical, machine learning, and AI algorithms along with various workflow options to solve problems.

AAR says the INVEST in America Act does not meet freight railroad’s needs

Sat, 04 Jul 2020 20:17:09 -0400

AAR said that this legislation is replete with what it called numerous harmful provisions that would have a negative effect on railroads for years to come, hindering its ability to ability to adapt and serve customers and the economy.

National diesel average sees a slight gain

Sat, 04 Jul 2020 20:17:09 -0400

Eking out a 0.005-cent increase, this week’s national average is $2.430, following a 2.20-cent increase to $2.425, for the week of June 22, and a 0.007-cent increase, to $2.403, for the week of June 15

DAT points to increased spot rates in run up to end of quarter and July 4 holiday

Sat, 04 Jul 2020 20:17:09 -0400

With the second quarter quickly coming to a close, data issued by DAT, a subsidiary of Roper Technologies and operator of an online marketplace for spot market truckload freight, showed significant increases in truckload rates and ratios, for the week of June 22-28, as shippers take steps to get their freight moving in advance of the Fourth of July holiday and the mid-year point of 2020.

FedEx fiscal fourth quarter earnings see declines but e-commerce output surges

Sat, 04 Jul 2020 20:17:09 -0400

Revenue—at $17.4 billion—was off 2.3% compared to $17.8 billion a year ago, and operating income—at $475 million—was well off from $1.32 billion a year ago. The company’s quarterly net income on an adjusted basis—at $663 million—trailed the $1.32 billion recorded a year ago. Adjusted earnings per share—at $2.53—trailed the $5.01 from a year ago while topping Wall Street expectations of $1.52.

ISM points to June manufacturing gains, but many concerns remain intact

Sat, 04 Jul 2020 20:17:09 -0400

In its monthly Manufacturing Report on Business, ISM reported that the report’s key metric, the PMI, came in at 52.6 (a reading of 50 or higher indicates growth), which marked a 9.5% improvement over May’s 43.1 and a 12.7% gain over April’s 39.9 reading.

U.S. Treasury injects YRC Worldwide with $700 million for 30% equity stake

Sat, 04 Jul 2020 20:17:09 -0400

The U.S. government entered the $46 billion less-than-truckload (LTL) industry by effectively purchasing 30% of financially troubled LTL giant YRC Worldwide in exchange for a badly needed $700 million cash infusion.

U.S. rail carload and intermodal volumes see annual declines in June, reports AAR

Sat, 04 Jul 2020 20:17:09 -0400

Rail carloads—at 794,256—saw an annual decline of 22.4%, or 228,975 carloads, in June. Intermodal containers and trailers—at 1,004,933—fell 6.6%, or 70,944 units.

Kearney research touts the benefits of a supply chain stress test

Sat, 04 Jul 2020 20:17:09 -0400

New research recently released by Chicago-based global management consulting firm Kearney, entitled “Strategic options to build resilience,” takes an in-depth at supply chain resilience, in light of the wide-ranging impact of the ongoing COVID-19 pandemic on supply chains.

FTR’s Shippers Conditions Index hits likely peak in April

Sat, 04 Jul 2020 20:17:09 -0400

For April, the most recent month for which data is available, the SCI came in at 41.3, well ahead of March’s 19.7 reading, which more than doubled February’s 7.93 reading and was ahead of January’s 3.73, which is the lowest SCI reading going back to October 2018.

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