E-commerce

A UPS spokesman noted that the peak holiday shipping season remains intact, based on the significant—and record-breaking—number of holiday returns it is handling. As an example, for the holiday shipping season (including returns), which it defines as running from November 14-January 22, UPS said it will handle more than 60 million return packages, which represents a new record, equating to an expected increase of more than 10% over the previous record, for the company’s holiday returns, set in 2020, at around 55...

November’s TVI reading—at 239—matched October, which initially set a new record for the number of loads moved by motor carriers in a month, according to DAT. And DAT said that national average truckload spot, van, and reefer rates headed up for the sixth consecutive month, with contract van and reefer (refrigerated) rates having seen increases each month going back to May 2020.

Walmart officials explained that the company’s fulfillment centers are a key cog in the company's supply chain and logistics operations and are geared towards storing millions of items that are picked, packed, and shipped directly to customers as soon as the next day.

Total November volume—at 1,425,327—saw a 9.0% annual decline, marking a slight improvement over October’s 10.0% annual decline. Trailers—at 99,048—were down 5.4% annually, much improved over October’s 14.3% decrease, and domestic containers—at 681,400—fell 0.5%. All domestic equipment, which includes trailers and domestic containers—at 780,448—decreased 1.2%. ISO, or international, containers—at 644,879—saw a 6.9% annual decrease.

Data recently issued by ShipMatrix, a subsidiary of Pittsburgh-based SJ Consulting showed that data from on-time performance (OTP) ranges, for week 50 of 2021 for major parcel carriers, including UPS, FedEx, and the United States Postal Service (USPS), was in similar range as previous weeks leading up to it that were comprised of Thanksgiving and Cyber Monday.

Quarterly revenue—at $23.5 billion—was up 14% annually, and operating income—at $1.6 billion—rose 9% annually. Diluted earnings per share—at $4.83—were flat, exceeding of Wall Street expectations of $4.28.

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The company said it is investing $10.6 million into this facility, with a focus on increasing shipping capacity and also enabling faster package processing as well.

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Taking steps to expand its e-fulfillment network, Miami-based freight transportation and logistics services provider Ryder System Inc. said earlier this week it entered into a definitive agreement to acquire Industry City, Calif.-based omnichannel fulfillment and logistics services provider Whiplash.

Data recently issued by ShipMatrix, a subsidiary of Pittsburgh-based SJ Consulting showed varied on-time performance (OTP) ranges, for weeks 47 through 49 of 2021 and including Thanksgiving and Cyber Monday, from November 14-December 4), for major parcel carriers, including UPS, FedEx, and the United States Postal Service (USPS).

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Deal valued at $3 billion touted as accelerating the group's supply chain capabilities in contract logistics and e-commerce expertise.

Analysts at IHS Markit have upwardly revised their 2021 U.S. real GDP forecast to 5.7% on unexpected surges in exports, inventory investment in October

The report, entitled “Industrial Occupiers Experiencing Sticker Shock at Lease Expiration,” pointed to how robust demand and new construction delays have reduced the industrial vacancy rate down to 3.6% in the third quarter, whereas annual rent growth increase a record-high 10.4%. And it also highlighted how occupiers inking five-year leases back in 2016, with an average 3% rent increase, are now seeing net increases of 25%, while making decisions on new occupancy.