For manufacturing, ISM is estimating a 4.8% annual increase in 2020 revenue, which is up from the 1.9% increase that was pegged for 2019 over 2018. What’s more, 58.1% of manufacturing respondents expected 2020 revenues to be higher than 2019. And revenue growth in 2020 is expected to see annual gains in all 18 manufacturing industries ISM tracks. Source: logistics Mgmt
The varying needs of supply chain-based industrial property occupiers paints a clear picture of how property categorizations shed light on the intersection of supply chain needs and different types of properties, according to a research report recently issued in a report by San Francisco-based real estate investment trust company Prologis. Source: logistics Mgmt
Spot truckload rates benefitted from Thanksgiving coming later in November this year, coupled with typically hectic end of month activity, for the week of November 24 through December 1, according to data issued this week by Portland, Oregon-based DAT, a freight marketplace platform and information provider and a subsidiary of Roper Technologies. Source: logistics Mgmt
With a 0.004-cent increase, the average price per gallon for diesel, for the week of December 2, is $3.070. Source: logistics Mgmt
As a chocolate and confectionary shipper known for various household name sweets––including Nutella, Kinder, Ferrero Rocher, and Tic Tac––Ferrero is intent on getting its shipments to its customers’ sweet tooth’s, or destinations, across multiple modes. And with that intent comes the need for a very high level for augmented supply chain visibility, something it had been struggling with. Source: logistics Mgmt
Earlier today, Class I freight railroad carrier CN said it has reached a tentative agreement with the company’s 3,200 conductors and yard crews working on CN’s mainline and yards in Canada for a new collective agreement. Source: logistics Mgmt
Logistics Management Group News Editor Jeff Berman recently had an opportunity to speak with Jim Gehr, President, Retail, DHL Supply Chain, North America, talk about the 2019 holiday rush, as it relates to Peak Season, from a planning, preparation, and operations perspective. Source: logistics Mgmt
Falling 0.008 cents, this week’s average is $3.066, falling last week’s 0.001-cent increase. The national diesel average rises and falls have been uneven in recent weeks, falling four times over the last seven weeks. Source: logistics Mgmt
On November 25, CN said that it has successfully met the federal requirement to operate PTC on all 35 of its U.S. subdivisions required to be equipped with PTC, meeting these requirements 13 months in advance of the December 2020 deadline. In late October, Union Pacific reported it implemented PTC on 1,113 route miles in the third quarter, which brings its required PTC-operated route miles to 15,791, or 93%, which includes all required passenger train routes. Source: logistics Mgmt
The state of United States transportation infrastructure received good news this week, with Congress and the White House taking steps to eliminate the $7.6 billion rescission of Highway Trust Fund contract authority that was set to take effect on July 1, 2020. Source: logistics Mgmt
Sizing Up IMO 2020 CSPDailyNews.com Source: Google Shipping News