New warehouse data from WarehouseQuote reveals more insight into the retail industry’s outlook on the consumer this holiday season. Vacancy rates are up on the East and West coasts and we do not see any rush by retailers to fill the space. This latest data set not only shows the return to just-in-time inventories, but…
Logistics is a relationship-based business. It is no surprise then that players across the industry pour into partnerships and place a premium on service. For carriers, this means living up to service agreements and delivering on key performance metrics. For shippers, it often means taking steps to become a “shipper of choice.” For brokers, excellence…
Among the highlights of second-quarter earnings at Saia (NASDAQ: SAIA) released early Friday morning were: The data on yield, generally seen as the most important metric for LTL carriers, was mixed. The revenue per hundredweight, which is the definition of yield, was $23.85 for the second quarter ended June 30. That was down 4.8% from…
Transportation and logistics provider ArcBest reported Friday that less-than-truckload shipments from core accounts have increased 10% in the past week. The company didn’t cite a potential shutdown at competitor Yellow Corp. (NASDAQ: YELL) as the reason but it did say it has renewed its focus on primary accounts, following a period in which it leaned…
After experiencing two years of record growth during the COVID-19 pandemic, Jacksonville, Florida-based Surge Transportation, a digital freight brokerage, sought to find a buyer and slashed its rates and workforce nearly a year before it filed for Chapter 11 bankruptcy protection on Monday. “In the first half of 2022, demand for excess motor carrier capacity…