-
09
Mar
Transportation & Logistics News Analysis
LESS-THAN-TRUCKLOAD (LTL) Despite disruptions from the pandemic and resulting changes in demand levels from their customers, leading LTL companies are extracting rate increases in the mid-to-high single digits, according to carriers and analysts. “This is a positive freight environment,” said […]
Read more -
09
Mar
California port pileup leaves old records in the dust
Labor unrest at West Coast ports in 2015 was a landmark event for U.S. importers. Massive congestion amid contentious contract negotiations with the dockworkers union convinced some importers to shift business to East and Gulf Coast ports and diversify supply […]
Read more -
03
Mar
Ocean carriers hold all the cards in contract talks with shippers
It’s annual-contract negotiation season for U.S. importers — and the hand they’ve been dealt couldn’t be worse. The deck is heavily stacked in ocean carriers’ favor. Incredibly, Asia-West Coast spot rates are now nearing a base rate of $5,000 per […]
Read more -
01
Mar
Trucking Bankruptcies Surged in 2020 as Pandemic Hit Small Carriers
The COVID-19 pandemic forced more than 3,000 trucking companies out of business in 2020 — a significant leap from about 1,000 the year prior — as the early months of the global health crisis proved too difficult for some in […]
Read more -
26
Feb
UPS Boss Preaches the Power of No
Carol Tomé is shifting the delivery giant’s focus to the bottom line, weeding out less-profitable customers in a high-speed overhaul; ‘Time for us to pivot’ Carol Tomé took over United Parcel Service Inc. in the middle of a pandemic that […]
Read more -
19
Feb
Supply chain struggles continue in frozen South
Updated Friday February 19, 2021 at 09:05AM A second winter storm this week slammed parts of the South Wednesday and Thursday, with at least 10 cities reporting multiple daily records for snowfall and low temperatures. Fortunately, this storm exited the […]
Read more -
15
Feb
TFI to take aim at UPS Freight’s unprofitable business
CEO vows quick action to negotiate with customers or ultimately cut them loose after acquisition closes. TFI International (NYSE: TFII) plans to aggressively improve margins at UPS Freight after its $800 million acquisition closes by reining in unprofitable business. The plan: renegotiate […]
Read more -
11
Feb
FedEx, UPS, and USPS 2021 General Rate Increases
UPS announced their 2021 rate increases will be made effective on February 22, 2021. The increases came just months after the FedEx and USPS announcements of upcoming rate increases. This is normal as FedEx and UPS routinely announce increased rates and new surcharges and fees […]
Read more -
08
Feb
Carriers Bullish on Demand and Pricing Dynamics for 2021
Top less-than-truckload (LTL) executives and analysts are predicting a bullish year for the $46 billion sector in 2021. LTL Rate Increase Despite disruptions from the coronavirus and resulting changes in demand levels from their customers, leading LTL companies are extracting rate increases […]
Read more -
26
Jan
UPS closes curtain on tough 15-year-old LTL run
UPS Inc. (NYSE:UPS) CEO Carol Tomé has pulled the plug on the company’s often-difficult 15-year foray into the less-than-truckload business. The Atlanta-based giant’s $800 million sale of UPS Freight to Canadian concern TFI International Inc. (NYSE and TSX: TFII), reflects Tomé’s belief […]
Read more