The Daily: April 25, 2022

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Good morning, happy Monday morning!

Big freight value has been trending higher and higher over recent months. According to DOT data, freight between the U.S. and Canada was up almost 20% from February 2022 to February 2021, and freight between the U.S. and Mexico was up 16%.

Will the trend continue? Today’s featured article from The Trucker provides some predictions. ☕️

The Golden Gate Bridge partly covered by a cloud.

“Don’t worry about being successful but work toward being significant and the success will naturally follow.”

-Oprah Winfrey


Today’s Featured Article:

Up $10B: Big truck freight value trending higher over 2021 - TheTrucker.com

“Freight shipped across the U.S. borders with Canada and Mexico by all modes of transportation was valued at $112.5 billion in February 2022, down 1.1% from January 2022 ($113.7 billion) but up 17.3% from February 2021 ($95.86 billion) and up 17.2% from pre-pandemic February 2020 ($95.95 billion), according to the latest statistics released this week by the U.S. Department of Transportation (DOT).”

READ COMPLETE THE TRUCKER ARTICLE

The Latest On…

News Bag 🗞

This Week in Logistics News (April 16 – 22) - Logistics Viewpoints

“This past Monday marked the first normal Boston Marathon since 2019, as the 2020 marathon was canceled due to the Covid pandemic, and the 2021 marathon was shifted to October with a smaller field.”


Sales 🧾

DAT Truckload Volume Index highlights impact of lower spot rates and high fuel costs - Logistics Management (logisticsmgmt.com)

“March’s TVI dry van freight reading—at 305—was up 23% compared to February, while the refrigerated TVI—at 206—and the flatbed TVI—at 247—were up 13% and 24%, respectively, for the same period.”


Infrastructure 🔨

Expansion of America’s Marine Highway Program supports supply chain resiliency - Supply Chain Management Review (scmr.com)

“The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced the designation of a new Marine Highway Route, two new Marine Highway Projects, and one Project Designation Extension as part of America’s Marine Highway Program (AMHP).”

Building Costs Are High in Red States, Too | City Journal (city-journal.org)

“High infrastructure construction costs in many American cities, which have made headlines for several years, are now being formally studied by a team of New York University researchers.”


Business Strategy 💡

What Works and What Doesn’t at Truckload Freight Appointments? | by David Correll | MITSupplyChain | Apr, 2022 | Medium

“Last week, the MIT FreightLab convened its first research update and discussion of 2022.”

Supply Chain Visibility: Harnessing Logistics To Drive Value – Part 2 | Opportune LLP - JDSupra

Learn about the tangible benefits gained through heightened supply chain transparency created through tracking and tracing logistics movements.”

Landstar expects trailer fleet growth in the tight market will come at 'a premium' | Transport Dive

“Landstar grew its average trailer fleet size by 11% in Q1 in response to heightened trucking demand, CFO Fred Pensotti said in an earnings call Thursday.”

The traffic metaphors | Seth's Blog (seths.blog)

“Your mileage may vary. Speeding up to get to a red light faster just wastes energy.”

Major U.S. Trucking Company Sees Freight Shifting from Roads to Trains (msn.com)

“J.B. Hunt Transport Services Inc. said shippers are back to seeking to save money on transportation after two years of supply-chain disruptions that had them paying whatever it took to keep products stocked.”

US airlines say they've reached a turning point in recovery | AP News

“U.S. airlines say they have hit a turning point: After a lousy first quarter, they expect to be profitable as Americans return to travel in the biggest numbers since the start of the pandemic.”


Network Association 🤝

Omni Logistics expands North American operations with three new facilities | AJOT.COM

“Omni Logistics, a technology-driven provider of global multimodal logistics solutions and specialized services, today announces the official openings of three new facilities located in San Francisco, CA; Philadelphia, PA; and Phoenix, AZ, bringing Omni’s total number of facilities to over 100 worldwide.”

GTI Transport Solutions acquires container transport provider Foxconn Logistics - FreightWaves

“Deal marks 4th acquisition for PE-backed Canadian logistics company.”


Regulations ⚖️

White House Eyes Emissions, Fuel Prices as Congress Finalizes Supply Chain Bill | Transport Topics (ttnews.com)

“The Biden administration continues to pursue initiatives meant to ease the impact of fuel prices on industries as congressional leaders finalize legislation to enhance supply chain connectivity.”


Company Culture 🎉

5 Effective Thought Leadership PR Tactics for Your Startup (msn.com)

“When I get approached by CEOs or CMOs who want to elevate their brand awareness and gain effective media coverage, they often try to point out how newsworthy their startup is.”


Inflation 💸

Five Facts on Inflation in 2022 | RealClearPolicy

“Most Americans were not alive the last time inflation was as high as it is right now.”


Leadership 🏆

Georgia business owner details supply chain 'nightmare' | Fox Business

“A Georgia small business owner stressed that the supply chain crisis has been a "nightmare" amid the pandemic, as his bakery continues to struggle with surging costs and finding materials.”

 

Tech 📟

Freight matching apps gain momentum as Convoy raises $260 million | DC Velocity

“Logistics tech startups look to consolidate market share as investor funding continues flowing into freight industry.”


Driver Issues 🚚

Truck Driver Turnover Misunderstanding Overshadows Industry's Career Potential | Material Handling and Logistics (mhlnews.com)

“‘If 91% percent of truck drivers were quitting the industry within a year, our economy would have collapsed a long time ago,’ explains ATA.”


Retail 🛍

Ecommerce is Eating the World a Lot more Slowly | SC Digest

“In December of 2020, I wrote one of these columns titled ‘eCommerce Eats the World.’”

The trouble with inventories - Supply Chain Management Review (scmr.com)

“Believe it or not, there are now early signs that retailers are beginning to be flooded with excess inventory. It’s a continuation of strange times for supply chain managers. “


Covid-19 😷

China lockdowns to deal another supply-chain hit, PMA chief says | AJOT.COM

“The U.S. should brace for another surge in the supply-chain crisis as manufacturers in Asia reopen their factories from Covid-19 lockdowns, causing new delays at American ports, the chief representative for West Coast port operators said.”

U.S. Ports Await Surge from China's COVID Lockdowns (gcaptain.com)

“The U.S. should brace for another surge in the supply-chain crisis as manufacturers in Asia reopen their factories from Covid-19 lockdowns, causing new delays at American ports, the chief representative for West Coast port operators said.”

Surface Transportation News: Pandemic and migration change transportation plans, supply chain crisis, and more - Reason Foundation

“It’s still something of a cliché to say that the COVID-19 pandemic has changed America, especially via the large increase in remote work.”


Artificial Intelligence 🤖

Amazon Launches $1B Robotics, Logistics Fund | PYMNTS.com

“As Russia’s war in Ukraine continues, experts say sanctions and interruptions to the supply chain have made key commodities scarce, setting the stage for corruption.”


Trucker’s Lounge 🧢

Distracted trucker completely demolishes gas station (cdllife.com)

“A semi-truck completely demolished a gas station in California on Tuesday morning after leaving the roadway and crashing through a fuel station and into the building.”

Newest Howes HOF inductee 'proud to do all these years and all these miles' - TheTrucker.com

“As a career driver with 52 years of service, Billy Stone was recently inducted into the Howes Hall of Fame.”

Road trips across the globe, ranked - Land Line

“As we approach that time of year when people will be hopping into passenger vehicles and temporarily living the trucker lifestyle, car insurance comparison site Confused.com has compiled a list of the most underrated and overrated road trips across the globe.”


Trade & Border Issues 🗺

Trucking, Economic Experts Weigh Impact of Texas Border Bottlenecks | Transport Topics (ttnews.com)

“Financial reverberations from days’ worth of bottlenecks at the border between Texas and Mexico will be felt for months, trucking and economic experts said.”

Shanghai’s Shipping Standstill; Hiding Russian Tankers; Embedding Amazon | Wall Street Journal Logistics Report

“The impact of Covid-driven lockdowns in Shanghai on logistics operations is growing and threatens to add new disruptions across global supply chains.”


Leases & Loans 💰

Grants From $10K Up To $500K Up For Grabs for Small Businesses - Small Business Trends (smallbiztrends.com)

“Local and state governments are keenly aware of the challenges small businesses are facing right now.”


Compliance 📋

Showdown Looms Over Vacated Mask Mandate | RealClearPolitics

“On the question of whether the federal government ought to require airplane passengers to wear a face mask, the White House is flying blind. Then again, so is everyone else.”


Stocks 📈

Premarket stocks: Struggling factories and booming airlines put Fed in a bind | CNN Business

“How should policymakers react when two core parts of the economy are headed in different directions?”

Disney stock tumbles amid Florida bill controversy | Fox Business

“Disney is poised to rank among the worst-performing stocks in 2022 after the company became embroiled in a high-profile political controversy.”




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