U.S. trucking companies are coming off a year of improved sales growth and profitability, according to data from Sageworks, a financial information company. And some industry experts believe 2018 could mark the start of several years of strong results, based on tight capacity and improving demand.
Shipper demands, customer expectations, and 3PL capabilities increase, pushing supply chain to the forefront, according to the 2018 22nd Annual Third-Party Logistics Study.
An ongoing pricing surge remains intact for both truckload and intermodal activity, according to the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.
This year’s Railroad Day on Capitol Hill — held last week in Washington, D.C. — attracted a record attendance of nearly 700 rail industry representatives, the American Short Line and Regional Railroad Association (ASLRRA) announced yesterday.
Hub Group, Inc., a multi-modal transportation solutions provider, announced that it has been named a Top 100 Trucker for 2017, an honor it has received for the past 20 years.
The Midwest Association of Rail Shippers (MARS) last week announced its newly elected slate of 2018 officers.Source →
Spot market truckload freight rates continued moving lower for the week ending Feb. 10, according to load board operator DAT Solutions, despite a slight increase in available freight and a drop in truck capacity.Source →
It was a sunny mid-December day as academics, railroaders and data scientists filed into a basement theater on the University of Delaware’s campus. The group — nearly 200 people in all — assembled for the university’s fourth annual “Big Data in Railroad Maintenance Planning” conference in Newark, Delaware.Source →
Building a cognitive system is not just about the software or tools in place, but also about the decisions made along the way.Source →
While spot market van rates have been in a slow decline for about seven weeks now, there are signs they could start to rebound soon.Source →
Learn more about what’s influencing your truckload, less-than-truckload, and Intermodal surface transportation strategies in 2018 and how to overcome the challenges.Source →
What’s more, almost four out of every 10 (38%) of the retailer’s lost customers shopped at Old Navy instead, according to research from 1010data.Source →
An agreement between the ailing department store retailer and its lenders will kick a loan due next year out to mid-2019, easing some of the financial pressure on the company.Source →
The company, acquired by Camping World in May, is opening new stores and rebranding under its new owner.Source →
Charming Charlie has struck a deal with its lenders and private-equity backers to reorganize as it moves through the Chapter 11 process, lawyers for the Houston-based retailer said. The company expects to close around 100 underperforming stores in the reorganization, and it has secured two new loans from existing lenders to keep stores open and stocked.Source →
Dollar General Corp. plans to put a nearly 1 million-square-foot distribution center in Longview, Tenn.
Longview municipal leaders continue putting together the permits, variances and agreements needed to finalize bringing Dollar General Corp.’s next warehouse to the city.Source →
CEO Patrick Byrne hopes to walk away from the e-commerce business in favor of opportunities in cryptocurrency.Source →
The company is set on maintaining stores, which are pivotal to boosting sales in all channels, executives said.Source →
Sears will sell its DieHard brand auto batteries and tires on Amazon, in an expanded partnership with the e-commerce company. Sears started selling its Kenmore appliances on Amazon earlier this year and rolled out a feature that lets appliance owners control their devices with voice commands via Amazon’s Alexa.Source →
Party City Holdco Inc. has entered into an agreement to acquire the MG Novelty Corp. for approximately $5.5 million.Source →
Despite the big-box retailer’s e-commerce growth, some argue Walmart is sitting on a massive liability — excess space.Source →
S&P analysts downgraded the department store retailer to default levels, writing that a debt restructuring, either through bankruptcy or out of court, was “likely” in the near future.Source →
The e-commerce giant is dominating this season thanks to free shipping perks and high conversion rates, according to CNBC’s All-America Economic Survey.Source →
While the big-box retailer can’t compete with Amazon’s last-minute delivery, it does have one major advantage — over 4,750 stores. But is that enough?Source →
Costco is holding its own amid the rise in online retail, booking 10.3% same-store sales growth in the most recent quarter and enjoying a 90% membership renewal rate, the retailer reported. A same-day delivery deal with Instacart and a click-and-collect program available for select items also fueled a double-digit rise in e-commerce sales.Source →
Fresh Thyme Farmers Market will reportedly open 10 new stores next year, including the retailer’s first locations in Pennsylvania. The move marks a slowdown in new store openings for Fresh Thyme, which opened 20 stores this year, growing its roster to 66.Source →
The strong start to the holiday season has buoyed stock prices at retailers including Macy’s, Kohl’s and Gap, and merchants expect the momentum to continue into the final shopping weekend. “We know the vast majority of our customers are still shopping,” Walmart Chief Merchandising Officer Steve Bratspies said.Source →
Walmart-owned e-commerce site Jet.com is transforming itself from a bulk seller of household goods to an online retailer of specialty goods including fashion and footwear. The site is aiming for more affluent consumers with offerings from brands acquired by Walmart, including Modcloth and Shoes.com.Source →
Amazon.com has about 150 million square feet of warehouse space in 330 facilities across dozens of US states, and fulfillment centers account for most of that square footage, according to data from MWPVL International.Source →
Canadian online furniture distributor Article is doubling its warehouse space near Florida’s Port of Jacksonville.
A Canadian company that sells online furniture wants to set up a North Jacksonville distribution center at Imeson Industrial Park that could start in January with 10 employees and grow to more than 100 in five years.Source →
Toys ‘R’ Us Inc. may close up to 100 U.S. stores in the face of weak holiday sales.Source →
German discount grocer Lidl has slowed its expansion in the US, with plans to put the opening of its second New Jersey store on hold and the cancellation of some store openings in Virginia, Pennsylvania, and Ohio, according to reports. Lidl opened its first US store in June to much fanfare, but traffic to the stores has since slowed, experts said.Source →
Midwest U.S. retail chain Mills Fleet Farm will open a 1.1 million-square-foot distribution center in Chippewa Falls, Wis., operated by DHL Supply Chain.Source →
Macy’s Fulfillment Center in Owasso has hit its peak season, and that means bringing on extra hands to help with the additional holiday shipments.Source →
Moving to compete with Amazon and Walmart, Target has agreed to pay $550 million for grocery-delivery startup Shipt. Target said that by early 2018, the deal will allow about half its stores to provide same-day grocery delivery.Source →
The most memorable part of this holiday shopping should be an amazing deal you found — not having to jump through endless hoops trying to reclaim your identity.Source →
Tyson Foods Inc. plans to build a new chicken production complex in Tennessee, a $300 million project that is expected to create more than 1,500 jobs when the facility begins operations in late 2019, the company said Monday.Source →
After a challenging fiscal 2016 in which the company sustained a loss of $3.3 million, Post Holdings, Inc. returned to profitability in fiscal 2017, generating net income of $48.3 million, equal to 51c per share on the common stock, in the year ended Sept. 30.Source →
Thanksgiving is the busiest time of the year for grocery retailers, but not all of the action is happening in stores. Increasingly, shoppers are going online to buy their turkeys, pies, sweet potatoes and other fixings.Source →
According to Euromonitor International, U.S. packaged food sales will grow just 1.2% in 2017, reports FoodNavigator-USA. This is below the average growth rate of 1.7% for the past five years and much lower than growth rates of 3% or more seen prior to the Great Recession.Source →
How does a family-run company grow from two employees to a Nasdaq-traded (Nasdaq:HUBG), $3.5 billion in revenue enterprise with more than 4,000 employees? I think it has a lot to do with hard work and creating a talented and engaged workforce.Source →
Volvo Cars and Uber have announced a framework agreement under which the ride-hailing company will receive a fleet of self-driving-compatible vehicles from the Sweden-based car company, starting in 2019.Source →
Amazon goes into the holiday season with a newly magnified brick-and-mortar presence, giving it more opportunities to sell its Kindle e-readers, Fire tablets and other gadgets.Source →
Two weeks out from the busiest holiday shopping time of the year, many holiday shoppers are already hitting the buy button.Source →
The shopping holiday has turned into a month-long event culminating over Thanksgiving weekend. From Twitter accounts to follow to trends to watch, here’s what you need to know this year.Source →
Thanks to the influence of Millennials and Gen Z, the consumer journey in today’s market keeps evolving. Rather than stopping by a brick-and-mortar store for their purchases, consumers are accessing virtually any product or service they need from a smartphone. When an item is one-click away, why bother with the additional time needed to go to a physical store?Source →
Petco acquired PupBox, a puppy- and life stage-focused subscription service company. PupBox delivers customized products and training information to new puppy and dog parents based on their pet’s current stage of development and physical characteristics.Source →
In a third quarter highlighted by its acquisition of The Grommet, Ace Hardware benefited from a strong comparable store sales increase.Source →
Even a strong performance by Madewell couldn’t save J. Crew Group in its third quarter as the retailer’s ailing flagship brand continues to drag down the company.Source →