3PL

The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for January, at 115.5 (2015=100), saw a 0.6% increase, following a 0.9% December gain.

This follows previous joint announcements by POLA and POLB, whom collectively account for roughly 40% of United States-bound import volumes, indicating that consideration of the fee would be pushed back each week going back to the week of November 22. Going back to when the fee was initially rolled out on October 25, POLA and POLB said that the ports have seen a cumulative 71% decline in the amount of aging cargo on their docks, a tally which has trended up going back to...

January’s reading—at 229—was off 3% compared to December, but it still represented the highest-ever TVI reading in January, while posting a 15% annual increase. DAT said that the number of loads posted to the DAT One load board network saw a 34.7% increase, from December to January, and were up 104.7% annually.

Entitled USPS Connect, USPS said that this offering is comprised a four separate offerings that offer various options to help shippers meet high consumer demand “for affordable, fast local, regional and national deliveries, and returns

Rail carloads—at 236,457—saw an 11.9% annual gain, and intermodal containers and trailers—at 268,025—saw a 0.4% annual decrease.

Total January volume—at 1,385,613—decreased 13.3% annually. Trailers—at 91,135—were down 13.7% compared to January 2021, and domestic containers—at 654,729—slipped 2.6%. All domestic equipment, which is comprised of trailers and domestic containers, were down 4.1%, to 745,864. ISO, or international, containers—at 639,749—fell sharply, down 22.1%.

GXO Logistics Inc. reported fourth quarter revenue came in at $2.3 billion, marking a 28% annual increase, when it was still part of XPO Logistics, for a new company high. Net income came in at $56 million and was up 10.8% annually, and operating income, at $63 million, was up 20.6%. Adjusted EBITDA also saw a new high, at $167 million, rising 12.6% annually. For calendar year 2021, revenue, at $7.9 billion, rose 21.5%, with operating income at $151 million.

Oracle officials said that the updates are for subsets in Oracle Fusion Cloud Global SCM—Oracle Transportation Management (OTM) and Oracle Global Trade Management (GTM)—and are geared towards helping shippers increase efficiency and value across their global supply chains, as well as reduce cost and risk, improve customer experience, and also become more adaptable to business disruptions.

Going back to when the fee was initially rolled out on October 25, POLA and POLB said that the ports have seen a cumulative 70% decline in the amount of aging cargo on their docks, a tally which has trended up going back to the initial announcement of this fee.

The federal government is looking into speeding up the process in which Commercial Driver’s Licenses (CDLs) are issued. At the same time, the federal government ruled against revisions to the hours-of-service (HOS) requirements, citing that safety groups gave no basis for changes that would have provided more flexibility to drivers.

Roadrunner said that these improvements have led to transit time reductions, for its shipper customers, in 120 long-haul lanes across the 32 United States-based markets it serves.

The December reading—at 136.4—marked a decline on the heels of three straight month of gains, following fourth months of declines, said BTS, with the Freight TSI up 1.0% annually compared to a 1.3% annual decline from December 2019 to December 2020.

Rail carloads—at 218,286—were down 3.6% annually, and intermodal units—at 239,866—dropped 11% annually.

Inflationary pressures are increasing chances of another large bankruptcy—or perhaps more—in trucking this year, a top industry executive tells LM. Greg Orr, executive vice president of U.S. Truckload of Montreal-based TFI and president of CFI, a major truckload carrier, says he’s beginning to see effects of higher prices on everything from heavy trucks to fuel.

For December, the most recent month for which data is available, import volume—at 2.09 million TEU (Twenty-Foot Equivalent Units)—was off 1.2% compared to November and was down 1% annually. May 2021 remains the all-time highest-volume month, at 2.33 million TEU). And for calendar year 2021, imports came in at 25.8 million TEU, for a 17.4% annual increase, setting a new record and breaking the previous record, of 22 million TEU, set in 2020 against the backdrop of the pandemic.