Current events in United States trade policy have once again thrown the global supply chain into turmoil as President Donald Trump’s moves to impose and then partially suspend some tariffs have resulted in significant disruption and uncertainty for many businesses operating in North America. According to Freightos Baltic index, that unsettling feeling has extended to ocean container rates, already in the midst of the traditional early-year lull.
UPS CEO Carol Tomé, in discussing the company’s strategic shift, discusses reducing its over reliance on Amazon while prioritizing profitability and high-growth sectors; she also expounds on “UPS’s focus on small and medium-sized businesses (SMBs), healthcare logistics, and international trade, alongside a $1 billion cost-saving initiative.”
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246 professional truck drivers are being lauded by XPO for achieving million-mile safe driving milestones in 2024. CEO Mario Harik exclaims: “I want to congratulate our 246 drivers who reached one million or more consecutive accident-free miles last year… I am grateful for everything they do to serve our customers and keep our roads safe, and I look forward to recognizing many more drivers in the coming year.” Read more…
Conversion Interactive Agency and People. Data. Analytics.(PDA) have released their joint Q4 2024 Driver Recruiting & Retention Data Download Report showing a decrease in truck drivers’ wages. Kelly Walkup, CEO of Conversion, states: “As the freight economy rebounds, driver recruiting is becoming even more competitive… to win in this environment, carriers must embrace technology and tools to improve efficiency and reduce costs while addressing driver needs head-on.”Read more…
America’s leader in contract logistics, DHL Supply Chain, recently announced the acquisition of Inmar Supply Chain Solutions, a division of Inmar Intelligence and a leading returns solutions provider for the retail e-commerce industry. The strategic acquisition will make DHL Supply Chain the largest provider of reverse logistics solutions in all of North America.
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The Truckload Carriers Association (TCA) were one of the first to congratulate Sean Duffy on his Head of Transportation cabinet nomination, noting that Duffy “earned praise for helping pass legislation funding a bridge connecting Wisconsin and Minnesota during his time in the House of Representatives.”Read more…
The freight and logistics industry continues to be plagued by layoffs with companies announcing 1,277 job reductions and six distribution facility closures across the country.This will be “the second major round of layoffs in the industry since last week, when True Value Co., GXO, CJ Logistics America, DHL, PepsiCo, Reyes Coca-Cola Bottling LLC, Hunt & Sons LLC, Kuehne+Nagel, Americold Logistics, Amazon and Trademango Solutions announced they were eliminating 2,402 jobs.”
With logistics workforce shortages affecting nearly three quarters of all logistic companies, steps need to be taken to avoid customer disappointment during the approaching peak season. The performance of supply chain “is being undermined by an endemic lack of staff – with 37% of companies experiencing high workforce shortages. The biggest problems are in transportation operations, closely followed by warehouse operations, and the impacts are being felt throughout the supply chain, from financial performance to customer service.”
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Dana Tarver has been named November 2024 Member of the Month by The Women In Trucking Association (WIT) “for her stellar career and dedication to the industry.” Dana is a fuel hauler for Kenan Advantage Group (KAG), “a leading specialized transportation and logistics provider across a range of diversified end markets in the United States and Canada.”Read more…
DSV is about to become the world’s biggest logistics firm after agreeing to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion). DSV, a logistics firm that had humble roots as a small enterprise of 10 truckers in 1976, has grown exponentially through “a string of successful acquisitions – some larger than the company itself – in a crowded logistics market.”
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