FTR’s Trucking Conditions Index sees some mild improvement
For June, the most recent month for which data is available, the TCI was -0.82, an improvement over May’s -2.3 and April’s -1.18. Source: logistics Mgmt
For June, the most recent month for which data is available, the TCI was -0.82, an improvement over May’s -2.3 and April’s -1.18. Source: logistics Mgmt
Commerce reported the July retail sales, at $523.5 billion, were up 0.7% over June and up 3.4% annually, and NRF reported that July retail sales increased 0.9% on a seasonally adjusted basis and 5.6% on an unadjusted annual basis. Source: logistics Mgmt
While the USTR indicated that the September 1 tariff remains on schedule, it also noted that certain products are being removed from the tariff list “based on health, safety, national security, and other factors and will not face additional tariffs of 10 percent.” Source: logistics Mgmt
Roughly two months after Memphis-based transportation and logistics bellwether FedEx announced it made a strategic decision not to renew the FedEx Express U.S. domestic contract with Amazon.com, Inc., reports issued today indicate it is also severing its ties with the global e-commerce bellwether on the ground side, too. Source: logistics Mgmt
Humanitarian supply chains need everything that commercial supply chains do – so why not leverage the knowledge and expertise that is already existing in our industry? Source: logistics Mgmt
SaaS-based transportation management system (TMS) provider MercuryGate International Inc. and Uber Freight, a subsidiary of the ubiquitous, ride-sharing service Uber, whose proprietary app matches trucking companies with loads to haul, have formed a partnership in which Uber Freight’s extensive carrier network is now available on the MercuryGate platform. Source: logistics Mgmt
Falling 0.002-cents, the national diesel average is now at $3.032 per gallon, following declines of 1.0-cents, 0.07-cents, and 0.004-cent declines, respectively, the previous three weeks. The national diesel average has risen twice in the last 11 weeks. Source: logistics Mgmt
Flexport Capital recently released a financing solution to help alleviate the working capital constraints caused by the U.S.-China tariffs. According to the company, a suite of trade finance solutions, Flexport Capital helps businesses – especially “fast-growing companies” – keep their capital working for them. Source: logistics Mgmt
With a 1.0-cent decrease, the national diesel average is at $3.034, coming on the heels of 0.07-cent and 0.004-cent declines, respectively, over the previous two weeks. The national diesel average has risen twice in the last ten weeks. Source: logistics Mgmt
For May, the most recent month for which data is available, the SCI jumped to 5.6, following a 1.9 reading in April, which was almost a full point below March’s 2.8, and marked the highest reading in more than two tears, going back to August 2016. Source: logistics Mgmt
Alireza Tangsiri, head of the Iranian Revolutionary Guards...