Shipper-paid US truckload spot rates drop despite tightening market
Journal of Commerce data on shipper-paid spot rates supports suggestions the truckload market flattened in the late summer, but it may resume its climb shortly.
Journal of Commerce data on shipper-paid spot rates supports suggestions the truckload market flattened in the late summer, but it may resume its climb shortly.
There is a good business case for buying assets that will reduce costs and increase efficiency, but the cycle that generates the cash for those deals doesn’t last forever, writes Jeremy Masters.
Shippers should expect more pressure on truck capacity as Homeland Security and the Justice Department join DOT in shutting down CDL schools and targeting illegal drivers.
Although the sector remained in expansion, “warning signs” are starting to appear, said Susan Spence, chair of the Institute for Supply Management.
The revamped service from Southeast Asia and South China will also be notable because the vessels will completely discharge their inbound containers in Long Beach and reload for the backhaul without calling Oakland.
The latest move in that direction came Monday with MSC announcing it is shifting its Albatros, Jade, Himalaya and Tiger strings back to Red Sea transits, following similar moves by competitors.
The outdoor apparel and accessories brand has been working to remediate unethical recruitment practices initially identified at two fabric mills in the country 2024.
The beer maker, which will also lay off 220 workers, sold Stone Brewing earlier this year and is transitioning its brewing operations away from California.
The department store retailer is leveraging Manhattan Associates’ ActiveOrder platform to unify inventory management data and processes.
The number of truckers on US highways without any type of commercial driver’s license should be as big a concern as non-domiciled CDLs and English language proficiency.