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E-commerce and Freight: Balancing new patterns of demand

Mon, 20 Mar 2023 14:36:00 -0400

We speak with a number of logistics experts to capture their views on the overall impact that e-commerce is having on moving the nation’s freight. One thing is for certain: The current level and speed of churn has irrevocably altered the pattern so many had become accustomed to managing.

DAT Truckload Volume Index sees February declines

Mon, 20 Mar 2023 14:36:00 -0400

February’s van freight TVI—at 207—fell 8%, from January to February, and was down 5% annually. The refrigerated (reefer) TVI—at 162—was down 7.9% compared to January and off 4.7% annually. And the flatbed TVI—at 217—was in line with January’s 218 reading and up 7.9% annually. DAT observed that these lower February TVI readings are not uncommon, due to February having fewer days.

STB decision officially signs off on Canadian Pacific-Kansas City Southern merger

Mon, 20 Mar 2023 14:36:00 -0400

The long-awaited decision regarding the acquisition of Kansas City Railway Company (KCS) by Canadian Pacific (CP) reached its expected outcome today, with the 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, saying it has approved the $31 billion deal, which will go into effect on April 14.

Commerce, NRF data shows mixed sequential readings and annual gains, for February retail sales

Mon, 20 Mar 2023 14:36:00 -0400

Commerce reported that February retail sales—at $697.9 billion—were off 0.4% compared to January and up 5.4% annually. And it added that total retail sales, from December through February, saw a 6.4% annual gain compared to the same period a year ago. NRF reported that its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, pointed to a 0.5% increase over January and a 6.5% on an unadjusted annual basis.

Ongoing demand weakness again impacts FedEx earnings

Mon, 20 Mar 2023 14:36:00 -0400

Quarterly revenue—at $22.2 billion—was off 6% annually, and net income—at $865 million was below the $1.22 billion recorded a year ago. Diluted earnings per share—at $3.41—fell 7.4%.

U.S. rail carload and intermodal volumes are down for the week ending March 11, reports AAR

Mon, 20 Mar 2023 14:36:00 -0400

Rail carloads—at 229,246—fell 1.5% annually, and intermodal containers and trailers—at 229,383—fell 13.0%.

FTR Trucking Conditions Index shows solid sequential improvement, to start 2023

Mon, 20 Mar 2023 14:36:00 -0400

For January, the most recent month for which data is available, the TCI came in at -1.71, a significant improvement over December’s -6.1 and November’s -7.94. That was preceded by October’s -11.25, its lowest level since the April 2020 all-time low, at -28.66. The September TCI reading came in at -2.35.

POLA and POLB report February volume declines

Mon, 20 Mar 2023 14:36:00 -0400

The Port of Los Angeles reported that February volume—at 487,846 TEU (Twenty-Foot Equivalent Units)—were down 43% compared to February 2022. The Port of Long Beach reported that total February volume—at 543,675 TEU—dropped 31.7% annually

Top trends in reverse logistics

Mon, 20 Mar 2023 14:36:00 -0400

Two of the trends making an impact on reverse logistics besides the increase of e-commerce and the increased focus on customer centricity—are the circular economy and robotics. Here are some suggestions for transforming your reverse process to meet today’s pressing demands.

ProMat 2023 officially opens for business

Mon, 20 Mar 2023 14:36:00 -0400

Ready to welcome a steady incoming flow of conference attendees, introduce the world to a host of new industry innovations and provide a full lineup of fun events all week long, ProMat 2023 opened its doors to the world at 10 a.m. CST this morning.

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