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Logistic Management News

  1. Chicago-based third-party logistics (3PL) services provider SEKO Logistics recently announced it is investing in a new flagship airfreight and omni-parcel services facility in close proximity to London Heathrow airport. The company said that this investment is a reflection of its confidence in the “continued cross-border growth of British bands globally,” adding that revenues in the UK are expected to surpass $100 million for the first time and that the Heathrow expansion received government approval in June, as part of the UK’s objective to double its export business to $1 trillion by 2020.
  2. Rail carloads, at 240,514, were up 5.4% annually, which is below the week ending June 30 at 270,916 and the week ending June 23 at 268,464.
  3. It’s been a summer of labor success at United Parcel Service. Besides scoring a “handshake agreement” covering 275,000 Teamsters at its small parcel unit, UPS also has a tentative deal for a new five-year Master UPS Freight Agreement that covers about 11,000 Teamsters-represented UPS Freight (formerly Overnite Transportation).
  4. In its “U.S. Industrial Availability Index,” CBRE reported that the availability rate for U.S. industrial real estate fell ten basis points to 7.2% in the second quarter, which is its lowest level since 2000. CBRE said this represents the 32nd consecutive quarterly decline, with demand for industrial property continuing to outpace supply. What’s more, CBRE said this is the longest quarterly stretch of declining availability going back to 1988.
  5. Recent spot market data issued by Portland, Oregon-based freight marketplace platform and information provider DAT, a subsidiary of Roper Industries, reinforces the current strength of the trucking sector, with June having the highest spot market rates on record. DAT said that the national averages for van, flatbed, and refrigerated (reefer) were the highest ever recorded in its DAT Trendlines readings, with spot market averages on the flatbed and reefer side higher than average shipper contract rates for each segment and the average spot van rate equal to the average contract van rate.
  6. Learn at how companies are effectively increasing the desirability of their freight, streamlining their supply chains, and reducing their transportation costs to become preferred shippers.
  7. Global supply chain challenges continue to proliferate, but digitizing the supply chain and leveraging structured data can help ease those pressures while also providing high levels of visibility, improved efficiency and minimized risk.
  8. In case you missed my transportation notes to CEOs Part 1 (Don’t fail to plan!) and Part 2 (Your people need you!), let me set the stage: Since the beginning of 2018, the Wall Street Journal has run over 70 articles about how the current freight market is negatively impacting supply chains and corporate earnings. Between January and April, 148 CEOs in the S&P 500 cited transportation and supply chain issues as having a negative impact on profitability. This increased focus on freight is putting pressure on transportation and logistics executives who are responsible for managing their company’s freight budget.
  9. In an announcement that has many global implications for one of world’s largest logistics providers, DB Schenker has developed a streamlined logistics and transportation system for Airbus’ final assembly line production in Mobile, Ala.
  10. Given all the recent back and forth tariff activity going on between the U.S. and China, it is worth noting that on Friday, July 6 the U.S. began imposing tariffs of 25% on around $34 billion worth of Chinese products, which USTR said were made in “response to unfair Chinese practices.” These tariffs, said USTR will eventually cover up to $50 billion in Chinese imports, with the products targeted by the tariffs comprised of those benefiting from China’s industrial policy and forced technology transfer practices.
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