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Logistic Management News

  1. The coronavirus (COVID-19) epidemic could be more damaging to the global economy than the SARS outbreak in 2003, maintains the IHS Markit February Global Economic Forecast.
  2. In a move geared towards augmenting its end-to-end supply chain service offerings, Copenhagen, Denmark-based A.P. Moller Maersk, an integrated container logistics services provider, said yesterday it inked an agreement to acquire El Segundo, Calif.-based Performance Team, a provider of warehousing and distribution services.
  3. After the deal was made official, LM reached out to Trimble with some additional questions about the deal, in terms of things like the integration process and next steps, with Kuebix in the fold, as well as trying to get some color on the biggest competitive advantages of this deal in a marketplace that is far from short of both established and emerging players.
  4. Any government plan for renewing and advancing essential US infrastructure requires a new paradigm to adequately address the infrastructure funding deficit, says Fitch Ratings.
  5. January shipments—at 1.022—fell 9.4%, marking its largest annual decline going back to 2009, while also dropping 2.9% compared to December, and January expenditures—at 2.568—fell 8% annually and were down 5.7% compared to January 2019.
  6. Coming on the heels of the White House last week issuing its proposed Fiscal Year 2020 budget, which had a sharp focus on transportation infrastructure, the United States Department of Transportation (DOT) this week sent out a call for infrastructure funding, albeit in a different way. DOT said it published a Notice of Funding Opportunity (NOFO) in order to apply for $1 billion in FY 2020 discretionary grant funding through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program.
  7. Falling 4.6 cents, this week’s national diesel average now stands at $2.910.
  8. The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for January—at 117.4 (2015=100)—saw a 0.1% increase from December to January, and ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment and the metric ATA says fleets should benchmark their levels with, was 114.6 in January, marking a 1.1% improvement over December.
  9. MODEX 2020 is ready to welcome more than 35,000 attendees and showcase a record number of exhibitors in an expanded space.
  10. For December, the most recent month for which data is available, the TCI headed up to 3.02, spurred on by gains in freight demand and spot rates. This topped recent readings of -1.58 in November and October’s -1.04, which marked an improvement over September’s -2.94, the lowest reading since May 2019.
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