Containerships see 2021’s record profits begin to shift downward in late-2022
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Ocean containership operators are focused on the importance of managing capacity on a daily basis. This focus, which came in post-pandemic times, has resulted in the industry making more profits in the past two years than they have in the previous twenty years combined. However, the waters seem troubled as 2022 continues to indicate rising fuel costs and persistent inflation - moving the precious purchasing power back to the shipper.
Check out today’s featured article from DC Velocity to read about the maritime industry’s shrinkage over the past seven months and what it could spell out for shipping over the rest of 2022. ☕️
Featured Article:
Maritime operators adjust to uncertainty as capacity/pricing pendulum starts to shift | DC Velocity
“Containership lines racked up record profits in 2021.”
Collections 💰
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. The platform’s purpose is to assist companies to accelerate payments to vendors on previously selected purchases. The payments will be funded by dick’s Sporting Goods, but the vendors will then supply them with a very small discount in exchange for that early payment.
Dick’s has highlighted goals to diversify its network with more minority-owned suppliers. A 2019 Federal Reserve report showed that white-owner firms are 7% more likely to be approved for prior financing than black-owned businesses. Ramon Catania, director of supplier initiatives for Dick’s Sporting Goods, says the partnership with C2FO opportunity Marketplace will enhance the day-to-day operations of the sporting goods retailer’s suppliers - therefore improving the customer experience as a whole.
Company Culture 🎉
FedEx Ground contractor group disappointed in shipping company’s lack of interest in collective mediation
FedEx’s President and CEO John Smith seems to have struck a nerve.
Patton Logistics President and founder Spencer Patton is leading a group of FedEx Ground contractors asking for higher pay per stop before the peak season and has voiced disappointment in John Smith’s recent comments disparaging the group’s efforts to negotiate with the company collectively. Inflated wages, fuel costs, and rising vehicle expenses have led the group to form the Trade Association for Logistics Professionals - a non-profit organization that will be electing a 10-person committee of contractors to represent a massive chunk of FedEx’s service providers.
Industry Forecast 📊
This Week in Logistics News (July 30 – August 5) - Logistics Viewpoints
“Supply chain disruptions continue to lead to product shortages around the world.”
Maritime 🚢
Full Steam Ahead, Don’t Let Ocean Costs Detain You - Inbound Logistics
“With rising ocean and detention costs, controls and analysis are more important than ever to protect profitability.”
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for July 31, 2025, from iLevel Logistics Inc.