The pandemic-born furniture boom is over
During the early days of the Covid-19 shutdowns, Americans were eager to source up their homes and backyards with new furnishes.
Another rail union approves railroad deal, giving hope to strike avoidance
After the Brotherhood of Maintenance of Way Employee Division and Brotherhood of Railroad Signalmen voted no against the approval of the labor contracts proposed by the railroads, many have voiced renewed concerns about a nationwide rail strike.
Universities are scrambling to offer supply chain logistics graduate programs
Global supply chain issues have been bleeding into almost every facet of life since the earliest days of the pandemic.
Trucking looking at crypto and decentralized finance models to streamline industry payments
According to Allied Market Research, the 2021 global freight trucking market was worth over $2.7 trillion.
Fewer supply chain challenges will plague Black Friday this year, but problems are not over
Shortages of items from toilet paper to Play Station game consoles checkered the past two years, often causing a line of hiccups right around peak season - historically, the busiest time for the supply chain.
Carriers are frustrated with lack of peak season demand in Q3
Typically, peak season is an extremely busy time for trucking companies… but also very profitable.
Macy’s is the retailer at the top as peak season approaches
While many of the retailer’s main competitors deal with a near-crippling inventory glut, Macy’s has taken a different approach to its inventory management strategy.
The Federal Reserve raised rates again, but there may be some solace soon
fter hiking its benchmark interest rate by three-quarters of a point for the fourth time in a row, The Federal Reserve suggested that the next time this happens, it will be more deliberate in its rate hikes instead of taking “the standard” amount.
Europe’s airports have been on sale, improving airport productivity
In a small sample of sixteen privatized airports, the National Bureau of Economic Research (NBER Working Paper 30544) analyzed 437 privatized airports.
Self-driving trucks are being held back by growing concerns over AI startups
Investors and corporations are being more “careful” than ever as economic conditions worsen and fully autonomous commercial cars are being called into question.
Retailers have an overstock problem and they need consumers to help
Overstock strategies are expected to be abundant this holiday season, as retailers discount their surplus inventory and pour their better quality “secondary market” items into the hands of willing consumers.
Shippers across the world are now demanding discounts from ocean carriers
Due to spot market rates declining after years of unprecedented growth during the COVID pandemic boom, carriers are asking if they can keep the profits rolling in.
Denmark-based Maersk is reporting nearly $9 billion in profits
With a recorded 2022 revenue of over $22 billion, the ocean logistics company is reporting higher volumes as compared to last year.
2022 trucking labor shortage woes dampening, but likely to rear head in 2023
With the trucking sector now short about 78,000 drivers, this is an improvement of approximately 4% to the 80,000-person estimate implied in 2021.
TuSimple CEO fired over improper relations with Chinese startup
The Chinese startup in question, Hydron, develops autonomous hydrogen-powered trucks.
Global unrest and rising costs will keep supply chain issues persistent for some time
According to the results of a recent SAP SE survey of senior business decision-makers, more than half (52%) believe that the supply chain is in desperate need of improvement.
Great news: the national diesel average has dropped 2.4 cents
While this is the second week in a row with a very incremental change, many say it’s still better than going up.
The Federal Reserve is likely to see rising employment costs as the go-ahead for another interest rate increase
According to the U.S. Labor Department, the employment cost index grew by 1.2% from July through September.
Amazon’s cost-cutting measures during the holiday season likely won’t pay off
With Q4 underway, the retailer made massive cost reductions as peak season begins to set in.
Paper checks should be obsolete, say carriers and shippers
The financial enablement platform Denim surveyed 168 freight brokers and over half had something in common: 60% said they still pay with paper checks and 68% said that eliminating them would improve operations. So, what gives?
