Lineage, the world’s largest refrigerated-storage company, is cutting staff six months after launching the largest initial stock offering in the U.S. last year wsj.com/articles/cold-storag… via @WSJ
The 2022 26th Annual 3PL Logistics Study was released this past week at @cscmp. Among the findings -
68% of shippers surveyed believe supply chains have become too global & must be balanced towards more regional and local/domestic ecosystems.
Thoughts?
3plstudy.com/ntt3pl/nttds_3p…
The option facing airfreight providers - stick with airport-to-airport transport or move beyond and offer transformational value-added services....@cmroberson06's @ACWmagazine column - Ocean carriers leaving airfreight carriers in the dust - aircargoworld.com/news/carri…
Top takeaways:
1. Domestic/Intl B2B volumes up
2. Sitting on a lot of cash - acquisition? share buybacks? 🤷♀️
3. YoY Ground ADV down - difficult comps. APAC export volumes also down for same reason. Q3 - expect the same. Q4 some increase.
4. Ocean FF "more than doubled profits".
UPS earnings are out - investors.ups.com/news-event…
Total Q2 revenue up 14.5%
Total operating profit up 47.3%, adjusted operating profit up 40.8%
Record Q2 financial results. Again.
The latest On Logistics with @ACWmagazine podcast is out & I chatted with @mbalexan of Foundry Commercial about e-commerce and the warehousing market. Thank you Melissa!
aircargoworld.com/news/e-com…
I've written several articles on cross-border e-commerce over the past few months. My latest substack article takes a look at some of the latest customs solutions from FedEx and UPS. cathyroberson.substack.com/p…
US Census' May inventory to sales ratio was published on Friday:
Manufacturers: 1.49, no change from April
Retailers: 1.09, up from 1.07 in April due to lower sales & inventories compared to April)
Wholesalers: 1.23, up from1.22 in April
census.gov/mtis/www/data/pdf…
.@IATA May cargo data is out - CTKs increased yoy but slipped month-to-month. May ACTKs remained unchanged.
A moderate slowdown in cargo growth on such routes as Europe-Asia, Middle East-Asia, Within Europe, & Within Asia was noted.
iata.org/en/iata-repository/…
My story - Behind the same-day eight ball - cathyroberson.substack.com/p…
Despite impressive investments, UPS is still behind in what is now considered a basic last-mile delivery option.
Check out this great write up from @cmroberson06 following her first experience of @ManhAssocNews#MomentumConnect at the end of May... if you're interested in anything to do with #SupplyChain or #logistics, then Cathy is a 'MUST FOLLOW' v smart industry commentator 👍👍👍
As part of a just-completed blog post on manufacturing activity, I updated a chart on inbound full containers for ports of LA & Long Beach.
YOY change for Jan-Apr 2021:
LA:
2020: 43.6%
2019: 25.5%
2018: 27.9%
2017: 25.4%
LB:
2020: 44.6%
2019: 26.7%
2018: 21.3%
2017: 39%