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Latest WMS News

FTR Shippers Conditions Index at lowest level in two years

Fri, 30 Oct 2020 00:05:12 -0400

The August SCI, which is the most recent month for which data is available, came in at -1.79, which continued a recent stretch of declines, down compared to July’s -0.36, June’s 1.03, and May’s 24.8, which marks the second highest reading on record, with April’s 41.3 being the highest. The strong April and May readings reflected what the firm called a “huge positive spike as COVID-19 impacted freight movement.”

GlobalTranz survey highlights shipping challenges amid peak season and COVID-19

Fri, 30 Oct 2020 00:05:12 -0400

A survey recently issued by Scottsdale, Ariz.-based GlobalTranz Enterprises LLC, a full-service 3PL focused on freight brokerage and technology, examined myriad aspects of how the ongoing COVID-19 pandemic is impacting things like e-commerce order volumes, supply chain decision making and what shippers are doing to meet changes in consumer demand, with peak season rapidly approaching

Q&A: John Larkin, Operating Partner, Clarendon Capital

Fri, 30 Oct 2020 00:05:12 -0400

Wall Street investment analyst John Larkin, Operating Partner, Clarendon Capital, provided LM with a detailed overview of various aspects of the freight transportation and logistics sectors.

National diesel average sees another weekly decline, reports EIA

Fri, 30 Oct 2020 00:05:12 -0400

The national average price per gallon of diesel gasoline fell for the seventh time in the last eight weeks, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

Torch Logistics closes pre-seed funding round

Fri, 30 Oct 2020 00:05:12 -0400

Torch Logistics positions itself as the lone network to specifically focus on on a commitment to the short-haul sector, with technology built for short-haul freight.

Peak thoughts come out of the ‘Code Red’ webcast

Fri, 30 Oct 2020 00:05:12 -0400

While we all know 2020 is truly a year unlike any other, there are many themes that are indicating that will also be the case for this year’s Peak Season. That was made clear on the “Code Red” webcast hosted last week by NASSTRAC, CSCMP, and TranzAct Technologies.

UPS turns in very strong Q3 earnings results

Fri, 30 Oct 2020 00:05:12 -0400

Quarterly revenue, at $21.2 billion, increased 15.9% annually, and adjusted earnings per share, at $2.28, was up 10.1% compared to a year ago, far outpacing Wall Street expectations, at $1.67. Net income, at $2.0 billion, was up 11.8% annually, and operating profit rose 11.0%, to $2.4 billion.

C.H. Robinson is stepping up to help grocery retailers in a changing logistics environment

Fri, 30 Oct 2020 00:05:12 -0400

As the ongoing COVID-19 pandemic has had the effect of uprooting supply chain and logistics operations for shippers across various verticals, Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Robinson today highlighted how it has focused on one segment that literally applies to everyone—the grocery sector.

AAR reports mixed U.S. rail carload and intermodal volumes, the week ending October 17

Fri, 30 Oct 2020 00:05:12 -0400

Rail carloads—at 226,828—were off 7.5%, and intermodal units—at 291,935—headed up 11.3% annually.

Q3 U.S. Bank Freight Payment Index shows decent momentum

Fri, 30 Oct 2020 00:05:12 -0400

The report’s third quarter National Shipment Index—at 114.9—was up 6% compared to the second quarter and down 7.6% annually. This followed a 7.6% decline, from the first quarter to the second quarter. On the spending side, the report’s third quarter spend index—at 186.0—was up 14.6%, from the second quarter to the third, and was off 7.3% annually. The sequential gain nearly erased the 13.7% spending decrease, from the first quarter to the second quarter.

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