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An advanced notice of proposed rulemaking (ANPRM) issued this week by United States Customs and Border Protection (CBP) is focused on improving visibility into the supply chain of goods into the U.S.
Flexport officials said that bringing international fulfillment services to these locales extends the company’s end-to-end logistics network into markets where its customers already sell.
Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings, announced today it has acquired El Segundo, Calif.-based Extensiv, a provider of warehouse management and fulfillment services for third-party logistics (3PL) providers and the brands they serve.
Rail carloads, at 240,021, posted a 2.2% annual gain. Intermodal containers and trailers, at 303,191 units, saw a 5.7% annual increase.
The August Services PMI reading, at 55.4 (a reading above 50 represents expansion and below 50 indicates contraction), increased 1.3% compared to July, growing, at a faster rate, for the 26th consecutive month, with the overall economy growing, at a faster rate, for the 75th consecutive month.
The August LMI reading, at 66.6 (a reading above 50 indicates growth is occurring), expanded, at a slower rate, and was off 2.2% from July’s 68.9 and 4.4% below the recent four-year peak of 71.1, in June—which marked the first time the LMI topped the 70-mark since March 2022’s 76.2 reading. The report attributed the se
Total quarterly shipments saw a sequential 8.8% increase, to 1.55 million, and were up 4.8% annually, marking the fourth consecutive quarter of annual growth. Total revenue was up 23.9% from the first quarter to the second quarter, and saw a 25.7% annual gain, driven by higher shipment volume and higher invoice amounts
Pete Mento, Managing Director and Practice Leader for Global Trade Management at Baker Tilly provided LM with a detailed overview on this ANPRM and what it means for shippers.
ODFL reported that revenue per day was up 12.5% annually, due to an increase in LTL revenue per hundredweight, which was partially offset by a 0.9% decrease in LTL tons per day. It explained that change in LTL tons per day was due to a 2.4% decrease in LTL shipments per day that was partially offset by a 1.7% increase
For the week of August 31, the national average declined 5.3 cents to $5.599, following a 19.8-cent gain to $5.662, for the week of August 24, which was preceded by near-identical 19.7-cent increase to $5.454, for the week of August 17.
The 35th Annual Study of Logistics and Transportation Trends finds logistics leaders moving from awareness to action as AI adoption accelerates across the profession. This year’s findings reveal a new challenge: building trust in technology, data and partners while managing growing complexity, cybersecurity threats and
The report’s benchmark reading, the PMI, came in at 54.6 (a reading above 50 indicates growth), trailing July’s 55.6, which marked the highest monthly tally going back to May 2022’s 55.9, by 1.0% and. ISM added that the overall economy grew, at a faster rate, for the 22nd consecutive month.
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