Capacity

July’s shipment reading—at 1.122—was down 8.9% annually and down 2.2% compared to June. July expenditures, at 3.423, were down 24.4% annually, in line with June’s 24.5% annual decline and were off 2.8% compared to June.

Survey of transportation leaders finds most expect plenty of freight capacity.

Company officials said that this expansion will add 46 LTL dock doors in Georgia for XPO, which will allow XPO to handle more freight and “provide even better service to customers.” The Norcross service center currently employs more than 120 people, said XPO. And XPO said it expects to hire additional dockworkers and driver sales representatives. The company employs nearly 700 people across seven service centers in Georgia.

For April, the most recent month for which data is available, the TCI eked out a two-point increase, to -3.88, faring better than March’s -5.83.

In early 2022, the Port of Long Beach (POLB) was dealing with a long queue of inbound vessels waiting to be unloaded and waiting offshore, with the tally, at one point, up to 109 vessels, observed POLB Executive Director Mario Cordero on a recent media conference call. By the end of 2022, though, that queue, he said, “was long gone," as the import surge had abated, coupled with United States supply chain activity returning to more normal levels of activity and, in some...

Logistics Management Group News Editor Jeff Berman recently spoke with Jared Weisfeld, Chief Strategy Officer, for Charlotte-based RXO, the fourth-largest full truckload broker in the United States, and asset-light transportation services provider. Weisfeld provided Berman with a broad overview of how RXO views current market trends, including inventories, what may be in store for Peak Season, and capacity management, among others. Their conversation follows below. 

For March, the most recent month for which data is available, the SCI reading fell to 4.5, following February’s 5.1 reading and January’s 5.4. These readings are nearly half of December’s 10.3, to finish 2022. November’s 3.0 reading was preceded by -3.1 and -0.3 readings in September and October, respectively.

FTR said that the February reading reflects an environment “that is mostly favorable and stable for shippers.” And it added that slightly lower fuel costs and relatively weak freight demand offset stronger rates and utilization in the month.

For January, the most recent month for which data is available, the SCI came in at 5.4, which was nearly half of December’s 10.3 reading. November’s 3.0 reading was preceded by -3.1 and -0.3 readings in September and October, respectively.

Logistics Management Group News Editor Jeff Berman recently spoke with Adam Satterfield, CFO of Thomasville, North Carolina-based national less-than-truckload (LTL) carriers Old Dominion Freight Line about various industry trends and themes, including: the current state of the LTL market, the freight economy, rates and pricing, and supply chain shifts, among others.

Shippers hoping to capitalize on excess capacity in the trucking industry are advised to act fast as top trucking executives say they expect boom times in the second half of this year. Meantime, those executives are bracing for a so-so first half followed by what they hope will be a solid second half of 2023.

For December, the most recent month for which data is available, the SCI came in at 10.32, up from November’s 3.0 reading, which was preceded by -3.1 and -0.3 readings in September and October, respectively. December represented the highest SCI reading going back to May 2020.

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Chicago-based Echo Global Logistics about various topics, including: the freight economy, how Peak Season went, and rates and capacity, among others.

Logistics Management Group News Editor Jeff Berman recently caught up with Doug Waggoner, CEO of Chicago-based 3PL Echo Global Logistics. Waggoner offered up insights on a whole host of topics, including: inflation; rates and capacity; and Peak Season prospects, among others.

Port of Los Angeles enjoying record year with terminals that “have capacity” despite 3.5% jump in imports. The Port of Los Angeles, the busiest in the nation, is “more fluid” than in the past year, has whittled the backlog of ships in the harbor by nearly 90% and is ready to take on even more business, port officials said.