The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the future of Nikola’s Badger electric pickup is up in the air, and it could have long-term ramifications for the company as a whole. Plus, President Donald Trump signs a one-year funding extension for surface transportation programs, and a major survey on truck parking nears completion.
Is the Nikola Badger about to be roadkill?The problems that Nikola Corp. (NASDAQ: NKLA) has had related to a...
It’s really quiet out there ahead of the Q3 ’20 earnings season that opens with 3PL JB Hunt for the US trucking market in about a fortnight, just as stock markets are at their frothiest ever, although volatility (VIX) looks steady below 30 where it has hovered since 9 September.
So it was naturally...
Despite signs of a rapprochement between docker unions and container terminal employers in the port of Sydney, shippers have been warned to expect continuing congestion in container supply chains.
And some carriers are refusing bookings for shipments to the port.
Yesterday, Maersk announced a temporary suspension on Sydney bookings, likely to last until the end of the month.
It said: “To remove uncertainty for our customers’ supply chain and to assist handling of …
The post Maersk refuses...
C.H. Robinson (NASDAQ: CHRW) is offering shippers a new data tool that will help them identify which freight and lanes should be sent out to bid and which may be better suited for posting on the spot market. The Procure IQ tool leverages C.H. Robinson’s large data set to offer shippers a way to better manage their freight, Bob Biesterfeld, CEO and president, explained to FreightWaves.
“We’re able to look at that [data] and determine what freight should go to an RFP (request for proposal) and...
The Beast of Bentonville has sent a clear message to its U.S. inbound delivery network: Effective today, it’s shape up or pay out.
As of Tuesday, suppliers who pay the freight charges for shipping to Walmart Inc.’s (NYSE:WMT) U.S. distribution centers (DCs) must fulfill orders exactly as Walmart wants, hit the company’s “must arrive by” date at the designated DC, and accomplish both at least 98% of the time or face a fine equal to 3% of the cost of goods sold. The directive applies to purchase...
Swiss broker UBS disclosed its findings concerning third-quarter logistics trends on Monday in research headed “Global Freight Forwarder Tracker”. For your perusal, here are some key highlights from the bank’s global team of eight analysts, with the broader theme for the current quarter being a return to volume growth in ocean (and road) as well as rates pointing upwards, implying limited downside risk for most, if you trust the bulls.
In …
The post On the wires: Ocean & air freight recap –...
https://theloadstar.com/on-the-wires-ocean-air-freight-recap-expeditors-out-of-favour-at-ubs/
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the third-quarter financial report of industry lender BMO suggests positive momentum going forward for carriers. Plus, a Tennessee freight brokerage continues record growth despite the pandemic, and new visibility tools and transportation management system integrations aim to improve carrier and shipper operations.
Hopeful signsThe finances of BMO, a major lender to the trucking sector, appear to...
C.H. Robinson (NASDAQ: CHRW) has announced integrations of its Navisphere multimodal transportation management system (TMS) with 19 leading providers of TMS and enterprise resource planning (ERP) systems. Among the integrations are connections with Blue Yonder, Oracle Transportation Management, Oracle NetSuite and Microsoft Dynamics 365.
The integrations will give C.H. Robinson shipping customers access to its real-time pricing and capacity assurance tools within the framework of their current...
Fancy headline but you, a veteran freight forwarder, are fuming right now knowing the little relevance of Amazon and Flexport in the global rankings, aren’t you?
Read on.
Debacle
The Q2 ’20 ocean freight performance for the major 3PLs based out of Europe and the US broadly pointed to a drop in volumes of between 10% and 25%, whether you go with the best or worst performers’ numbers on a direct comparable basis …
The post Supply chain radar: The ocean freight debacle? Amazon and Flexport gain...
https://theloadstar.com/supply-chain-radar-the-ocean-freight-debacle-amazon-and-flexport-gain-share/
Capital deployment at US 3PL CH Robinson has been high on the radar at Premium for some time, even more so since a worst ever 2% payout rise disclosed at the end of 2019.
Whether its capital allocation strategy represents the right path forward is a legitimate question, make no mistake. In the...
https://theloadstar.com/supply-chain-radar-absent-major-ma-ch-robinson-pushes-tech/