Early payments offered to Dick’s Sporting Goods vendors to increase inventory diversity
As part of the company’s progress toward diversifying suppliers for its retail stores, Dick’s Sporting Goods announced that they have partnered with capital platform C2FO.
Companies focus on employees who are ready to embrace digital overhaul
The logistics world is changing - we all know this. And with change, comes challenges.
The Infrastructure Bill may have passed, but at what inflationary cost?
While the 2,702-page, trillion-dollar infrastructure bill is quite the feat for the Biden Administration, it seems that it is one of the main catalysts in the highest inflation rate America has seen in 40 years.
Spot market rate decreases may indicate your fleet should revisit accounting practices
Carriers should be prepared to reevaluate profitability on every lane their trucks take amid dropping spot rates.
US economy shrinks for 2nd quarter, inflating recession fears
Fears of a recession continue to grow as the US economy shrinks for the 2nd quarter of the year, contracting at a 0.9% annual pace.
Southern California’s Inland Empire saw a 9.4% annual inflation rate in May 2022
According to Labor Department's Consumer Price Index, the average inflation rate across all American urban areas was 8.6% for May.
ACT Research releases forecasts including a 2023 recession
ACT Research released its Commercial Vehicle Dealer Digest to forecast economic scenarios including a recession as we enter 2023.
No more renting: used tanker ships are flying on the shelves
Used tanker ships are a hot commodity market as soaring freight rates prompt companies to choose to buy vessels instead of renting them.
Flytrex delivery drones expand operations
Drone delivery company Flytrex has scored the Federal Aviation Administration’s approval to now serve 100,000 more potential customers.
Unions are gaining traction in the U.S.
Despite public and massive opposition by many employers, unions are gaining traction in the U.S.
UPS announces plan to reduce late deliveries
In a Q2 earning call, UPS CFO Brian Newman and CEO Carol Tomé announced their project, “Total Service Plan” - a plan with a mission to reduce late departures and deliveries to customers.
Working remotely has its pros and cons
The Covid-19 pandemic forced businesses to send a lot of workers home, and many prefer it that way.
Warehouse managers are looking to cut energy costs amid inflation
Don’t leave the lights on when you leave the room - rising energy costs are causing warehouse managers to reevaluate focus on operational tools such as forklifts and batteries, hoping to reduce expenses.
Is a recession on the horizon? It’s anyone’s guess
The Treasury Secretary, Democrats, Republicans, and the economists at Goldman Sachs have wildly different opinions on the US economy - is it running headway into the Great American recession?
Largest dip in diesel price since 2008
The Department of Energy’s Energy Information Administration released the latest weekly average retail diesel price as $5.268 a gallon, a 6.4-cent decline from the previous week.
USPS launches next-day local delivery program, handles 65 parcels in 3 months
Well, that’s a bit embarrassing - USPS Connect Local Mail, a new U.S. Postal Service program offering next-day local delivery, made less than $200 and handled only 65 parcels in its first three months of testing.
Training schools are opening up to fill the technician labor shortage
The technician shortage has repair shops and fleets desperately looking for talent.
Where do you go when you need to fund your small business?
Funding a small business can be a critical step in ensuring its success.
Strong travel demand and high fares are forcing airlines to backtrack
Delta, American Airlines, and United are all cutting capacity to try and alleviate the situation.
800 million additional square feet of warehouse will be needed in 2023
Warehouse vacancies still continue to grow as the logistics industry experiences less demand.
