With the pandemic end in sight, trailer manufacturers are playing catch up and battling strong demand that is not being offset by high prices. Manufacturers orders are backed up several months and they are renegotiating pricing with consumers due to the volatile market. Trailers are reaching new highs, carriers and manufacturers are paying premiums to […]
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As more and more Americans are getting vaccinated and things start to get back to normal, the recovery of supply chain will be a long and daunting process with many expecting it to last into 2022 in some industries.
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COVID-19 has changed third-party logistics (3PLs) and forced companies to create new strategic relationships and partnerships with the final-mile logistics; in order to compete with Amazon’s same-day delivery services. The three main market sectors 3PLs and last mile delivery services can exploit to compete with Amazon are, ecommerce, medical lab logistics, and B2B freight. […]
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GM is now the latest in a long line of auto makers announcing production stoppages due to chip shortages.
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Following a series of positive results from multiple vaccines, the conversation on Capitol Hill has shifted to the distribution and logistics of the COVID-19 vaccines. On December 10th, a group of freight industry executives, including Richard Smith, Regional President of the Americas and Executive Vice President at Fedex Express, and Wesley Wheeler, President of Global […]
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Oil prices edged lower on Tuesday after a key U.S. manufacturing report dimmed the outlook on the manufacturing industry and invoked lingering fears of a global recession.
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Today, oil prices dropped to $83 a barrel after the United States said it is actively considering waivers on the oil sanctions against Iran, potentially easing the current strain on supply and allowing Iranian oil exports to keep flowing.
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