Challenging World Everyday
If you are qualified and want to be a truck driver in the post-pandemic era, you can cash in on a growth industry. Pay for American truckers rose significantly in 2021 as demand for drivers amid the ongoing driver shortage increased competition for talent. That’s according to the results of a new industry survey commissioned…
Earlier this week, FedEx Freight, the less-than-truckload (LTL) subsidiary of Memphis-based global freight transportation and logistics services provider FedEx said it recently official celebrated the opening of a new Phoenix, Ariz.-based 218-door facility. Company officials said that this facility, its West Phoenix Service Center, is “perfectly positioned” to serve the growing Phoenix market, while bringing…
Read More “FedEx Freight expands its presence in Phoenix – Supply Chain 24/7” »
Fiscal year (FY) 2022 third quarter earnings for the United States Postal Service (USPS) saw total revenue post a 1.4% annual increase, to $18.741 billion, the organization reported late yesterday. And it had an adjusted quarterly loss of $459 million compared to an adjusted loss of $41 million, for the same quarter last year, while…
Read More “USPS posts improved FY 2022 Q3 earnings results – Supply Chain 24/7” »
Atlanta-based global freight transportation and logistics services provider UPS rolled out its plans yesterday to acquire Lombardia, Italy-based multinational healthcare logistics provider Bomi Group. UPS did not disclose a purchase price for the transaction, but it did state that it is expected to be completed by the end of 2022 and is subject to customary…
Following several days of independent truck driver-led protesting and disruption, which halted operations at the Port of Oakland, port officials said yesterday that its marine terminals have reopened. The protests were in response to the United States Supreme Court’s having denied review—or Certiorari—of the Circuit’s reversal against the injunction of AB5 (Assembly Bill 5) in…
Second quarter 2022 earnings results issued earlier today by Atlanta-based global transportation and logistics services provider UPS saw another quarter of solid growth amid mixed economic signals. Quarterly revenue—at $24.8 billion—rose 5.7% annually, and adjusted earnings per share—at $3.29—saw a 7.5% increase, topping Wall Street estimates of $3.16 per share. Quarterly operating profit was up…
Read More “UPS sees Q2 earnings rise while volumes decline – Supply Chain 24/7” »
The new edition of the Cowen/AFS Freight Index, which was recently released by New York-based investment firm Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, showed how the duo of higher carrier fuel surcharges and record-high inflation have impacted multiple modes, in tandem with flattening modal growth trajectories,…
The Port of Los Angeles (POLA) and the Port of Long Beach (POLB) said late last week that they have again postponed the implementation date for their ocean carrier Container Dwell Fee, which will now not be considered until July 15. This follows previous joint announcements by POLA and POLB, whom collectively account for roughly…
Following a recovery from falling into negative territory, the new edition of the Trucking Conditions Index (TCI), which was recently issued by freight transportation consultancy FTR, fell back into the red. According to FTR, a TCI reading above zero represents an adequate trucking environment, with readings above 10 indicating that volumes, prices and margin are in…
Read More “FTR Trucking Conditions Index falls back into negative territory – Supply Chain 24/7” »
The ongoing trucker protests in recent days over the implementation of AB5 are taking a toll on operations at the Port of Oakland. The protests are in response to the United States Supreme Court’s having denied review—or Certiorari—of the Circuit’s reversal against the injunction of AB5 (Assembly Bill 5) in California, a law governing owner-operators…
Read More “Port of Oakland is feeling the impact of AB5-related protests – Supply Chain 24/7” »