Autonomous Lift Trucks Emerge
August 1, 2023
From labor shortages to demand for ever-improved operational flexibility, this typically ignored class of trucks offers a chance to rethink your processes and even how you approach materials handling.
Automated Vehicles (AVs): While skepticism abounds, there’s plenty of forward momentum
August 1, 2023
While there are several sides to this, and there will most assuredly be major issues to overcome, a tectonic shift is coming.
FORTPRO partners to optimize space, grow revenue
August 1, 2023
After experiencing substantial growth in its e-commerce business, master distributor FORTPRO USA/World Truck Parts LLC called on a third party to help it get more out of its existing warehouse space, improve fulfillment throughput, and increase revenues.
July manufacturing output remains in contraction mode, reports ISM
August 1, 2023
The report’s key metric, the PMI, eked out a 0.4% increase, to 46.4 (a reading of 50 or higher indicates growth), contracting, at a slower rate, for the ninth straight month.
National diesel average soars, for the week of July 31, reports EIA
August 1, 2023
With a 22.2-cent increase, the national average, for the week of July 31, came in at $4.127 per gallon. This represents the single largest weekly gain since a 40.1-cent increase, for the week of March 14, 2022. This was preceded by a 9.9-cent increase, to $3.905, for the week of July 24, which now marks the second-largest weekly increase going back to the week of March 14, 2022.
Nearly all UPS Teamsters local unions sign off on tentative agreement
August 1, 2023
Following a tentative agreement made between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters on July 25, the Teamsters said yesterday that Teamsters local unions voted by a nearly unanimous 161-1 vote in favor of endorsing the tentative agreement and recommend its passage by full membership, for the 340,000 full- and part-time UPS Teamsters members.
Q2 intermodal volume falls for the eighth consecutive quarter, reports IANA
August 1, 2023
Total second quarter volume, at 4,148,328 units, was down 10.4% annually, marking the eighth consecutive quarter of annual declines, and also the largest quarterly decline over that span. While this marked another decline, IANA pointed out that it was topped the first quarter by 5.3%, while coming in below each quarter in 2022.
Taking a quick look at some year-to-date market trends and themes
July 31, 2023
While the calendar indicates that just about the first seven months of 2023 are officially in the books, this seems like as good of a time as any to take a quick look back at things on a year-to-date basis, as they relate to key supply chain, logistics, and freight transportation trends and themes.